EUROPEAN FIXED INCOME UPDATE: debt unable to defy gravity for long
Analysis details (11:04)
Bunds staged another recovery mission and managed to post a minor new intraday Eurex peak at 150.35, but yet again this amounted to little more than a stay of execution as sellers lined up to either increase short positions or establish fresh ones above the significant and pivotal level. Consequently, deeper cycle lows have been registered at 149.67 for the 10 year German benchmark, semi-core and peripheral Eurozone peers, while US Treasuries sit relatively tight for the packed pm agenda headlined by NFP, with the T-note just under par with a narrow 118-30-24 band and the curve equally contained.
03 Jun 2022 - 11:04- Fixed IncomeResearch Sheet- Source: Newsquawk
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