EUROPEAN FIXED INCOME UPDATE: debt retains recovery momentum
Analysis details (10:53)
In contrast to this time yesterday, bonds remain firmly bid and are holding the bulk of their gains almost irrespective of a fairly decent German Schatz auction to break if not end the recent run of poorly received 2 year offerings. Bunds and Gilts are both holding comfortably above round numbers within 134.40-133.51 and 101.40-100.95 respective ranges having breached Monday’s pinnacles, while the T-note just notched a new intraday peak at 115-14+ having held just above 115-00, at 115-01 earlier. Next up, UK CBI trends and business sentiment, then a range of US housing data and Usd 42 bn 2 year supply.
25 Apr 2023 - 10:53- Fixed IncomeResearch Sheet- Source: Newsquawk
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