EUROPEAN FIXED INCOME UPDATE: decent, but uneven bounce in bonds
Analysis details (10:35)
Debt futures regained composure after overcoming several bouts of selling pressure, albeit not uniformly and without an obvious catalyst. Moreover, turnover remained relatively muted on a sparse agenda, even for a Monday, as Bunds bounced from 131.22 to 131.59 to trade 12 ticks above par, Gilts emulated the feat between 93.35-93.75 parameters before waning and the T-note tagged along within a 109-30+/110-08+ range having closed at 110-06 on Friday. Near term technical levels and degrees of retracement were probably the main drivers ahead of more fundamental impulses due later in the week.
14 Aug 2023 - 10:35- Research Sheet- 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