EUROPEAN FIXED INCOME UPDATE: debt sought after as risk appetite evaporates
Analysis details (11:20)
No obvious supply issues or indigestion even though Germany’s 2038 tap took a bit more retention and a lot higher yield to achieve the same level of demand as the previous sale, but Bunds have pared back from a higher Eurex intraday peak (144.87) forged on safe haven factors. Similarly, Gilts have eased off the gas having reached 111.89 and US Treasuries are hovering just shy of best levels, with the 10 year T-note 20/32 above par between 116-19/115-28+ extremes ahead of Fed chair Powell, the 20 year auction and other Fed speakers.
22 Jun 2022 - 11:20- Fixed IncomeResearch Sheet- Source: Newsquawk
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