EUROPEAN FIXED INCOME UPDATE: deeper relapse in debt futures
Analysis details (10:21)
German industrial orders exerted some downward pressure on Bunds and EGBs have succumbed to more selling in wake of an unexpected improvement in the Eurozone Sentix index, but the ongoing retracement is also due to a technical correction that is gathering momentum through key chart and psychological levels. 130.00 has now given way to a 129.93 low from 130.38 high and Gilts are back below 95.00 having bounced to 95.15 at one stage before setting a new 94.86 Liffe base. Meanwhile, the T-note is hovering just above 108-00 within tight 108-02+/07+ confines awaiting the Fed’s SLOOS, employment trends and comments from Cook.
06 Nov 2023 - 10:21- Research Sheet- Source: Newsquawk
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