EUROPEAN FIXED INCOME UPDATE: deja vu as UK debt leads recovery rally
Analysis details (10:42)
Bonds remain depressed, but Gilts have closed the opening Liffe gap and were dragged back up by the short end of the curve in reaction to comments from BoE’s Broadbent raising doubts over the amount of tightening that markets are pricing in. The 10 year benchmark just hit a new high of 98.84 from 97.14 low and 98.83 close, with knock-on short covering in Bunds from a deeper 134.86 Eurex trough and the T-note from 109-19+ to just shy of 110-00 ahead of US jobless claims, the Philly Fed add a quartet of Fed speakers.
20 Oct 2022 - 10:41- Fixed IncomeEconomic Commentary- Source: Newsquawk
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