EUROPEAN FIXED INCOME UPDATE: deeper retracement from Friday’s new y-t-d highs

Analysis details (11:00)

More corrective price action and payback in bonds after Friday’s big net gains in consideration of softer average earnings within the latest US labour market report, as Bunds retreat further through 137.00 to 136.42 (-101 ticks on the day) and just a single tick above interim support on some charts, while Gilts probed 102.00 before finding underlying bids at 101.98 (73 ticks below par) and the T-Note hovers above 114-00 within a range extending to 114-11 ahead of a relatively light pm agenda in consolidation.

09 Jan 2023 - 11:00- Research Sheet- Source: Newssquawk

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