EUROPEAN FIXED INCOME UPDATE: debt regains poise after Monday meltdown

Analysis details (10:42)

Bonds retain varying degrees of recovery momentum having overcome several early wobbles, with Gilts and BTPs carrying the baton at the core and Eurozone margins. However, the 10 year UK benchmark has conceded some ground between 95.46-94.94 parameters compared to its 94.89 prior Liffe close in consideration of a solid 2053 DMO tap and Bunds are back below 130.00 within a 130.10-129.80 range as the T-note flits either side of parity having peaked at 109-20 vs 109-14 bottom. Ahead, several items on the agenda to keep the clock ticking before the main Central Bank events, including Canadian CPI alongside US building permits, housing starts and ECB’s Elderson, then Usd 13 bn 20 year issuance and comments from BoC’s Kozicki.

19 Sep 2023 - 10:42- Research Sheet- Source: Newsquawk