EUROPEAN FIXED INCOME UPDATE: debt still depressed, but off worst levels

Analysis details (10:46)

Some stock taking and attention to data coupled with consolidation behind the latest bounce in bonds, though the overriding trend remains bearish on a mixture of hawkish Central Bank dynamics, persistent rather than peak inflation and negative technical impulses in thin trading conditions. Nevertheless, Bunds have staved off pressure on 142.00 within a 142.15-143.04 range, Gilts traded above par briefly between 104.93-105.50 extremes (+17 ticks at one stage) and the T-note is almost flat having been down 5/32+ at 114-15 and up 6/32 at 114-22. Ahead, preliminary Michigan sentiment is due and will be watched closely for inflation expectations after slowdowns in NY and Philly Fed prices paid components. 

16 Sep 2022 - 10:46- Research Sheet- Source: Newsquawk

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