EUROPEAN FIXED INCOME UPDATE: debt still licking wounds
Analysis details (11:09)
It’s been another bruising and brutal week for bonds, so some respite is understandable as bears pare positions and longs book profits. However, the overall trend remains weak as the ECB joins the list of global Central Banks withdrawing QE more quickly than previously planned on greater upside inflation risks and actual price developments. Bunds are just under par within a 162.64-163.20 range, Gilts a few ticks over between 122.19-56 parameters and the 10 year T-note at 126-05+ vs 126-03+ at worst and 126-13+ at best, while the long bond is outperforming following yesterday’s 30 year auction that was well received in contrast to 3 and 10 year supply in the run up.
11 Mar 2022 - 11:09- Fixed IncomeResearch Sheet- Source: newsquawk
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