EUROPEAN FIXED INCOME UPDATE: debt still in recovery mode
Analysis details (11:15)
Bonds continue to claw back losses and the current phase of consolidation is gathering momentum in futures and cash terms as evidenced by relatively decent demand at auction regardless of dwindling concession. However, Bunds, Gilts and the 10 year T-note are all off best levels having extended gains to 153.61, 119.69 and 119-09+ amidst a raft of hawkish ECB commentary, including President Lagarde, plus ongoing position tweaking or fine-tuning ahead of US CPI and the second leg of this week’s Quarterly Refunding.
11 May 2022 - 11:14- Fixed IncomeData- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts