EUROPEAN FIXED INCOME UPDATE: debt revival falters and fragments
Analysis details (10:51)
Having bounced further Wednesday’s lows, bonds are showing traits of fatigue and a reversion to the bear trend that was in place before their midweek reprieve. However, Bunds have regrouped after their retreat to 127.21 and are back above par alongside Eurozone peers bar Bonos after weaker than expected Spanish ip and supply that was reasonably well received, though not as sought after as French OATs, Conversely, Gilts are underwater following a reverse from 92.37 to 91.94, irrespective of a deeper than anticipated contraction in the UK construction PMI and T-notes are lagging within a 107-09/106-31+ range ahead of Challenger Layoffs, jobless claims, trade and another busy slate of Fed orators.
05 Oct 2023 - 10:51- Fixed IncomeData- Source: Newsquawk
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