EUROPEAN FIXED INCOME UPDATE: dip buyers keep EU bonds mostly afloat
Analysis details (11:07)
EU debt futures have been relatively resilient all things considered, but could yet be undermined by weakness in US Treasuries ahead of the cash open after the long holiday weekend or the sheer weight of supply that is building via multiple syndications. However, Bunds regained enough poise to probe 144.00 at best vs 143.05 following a soft Eurex open and Gilts bounced from a slightly deeper 111.11 Liffe low to reach 111.68 before fading ahead of softer than forecast UK CBI industrial trends. Back to USTs, marginal bear steepening before more Fed speak and housing data.
21 Jun 2022 - 11:07- Fixed IncomeResearch Sheet- Source: Newsquawk
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