EUROPEAN FIXED INCOME UPDATE: divergence in debt T-1 to month end

Analysis details (10:56)

Bunds and their Eurozone peers are underperforming on the penultimate day of March, Q1 and the financial year amidst further EGB/UST-Gilt spread tightening following data revealing much stronger than expected inflation out of Germany’s states and Spain. However, the core bond is holding off worst levels within a 156.82-158.06 range, as Gilts slip to a new Liffe base at 120.74 (-19 ticks vs +49 ticks at one stage) and the 10 year T-note hovers near the bottom of its 122-26+/05 overnight range. Ahead, ADP as a proxy for Friday’s NFP and more comments from the Fed and ECB via Barkin, Bostic, George and Panetta.

30 Mar 2022 - 10:56- Fixed IncomeResearch Sheet- Source: newsquawk