EUROPEAN FIXED INCOME UPDATE: EGBs encourage peers to perk up
Analysis details (10:52)
Bunds and their Eurozone counterparts have rebounded firmly to eclipse earlier intraday peaks, and perhaps with some impetus from latest ECB rhetoric suggesting more data dependence after March in context of rate rises rather than a predetermined 50 bp to make it three in succession. The core EZ bond may also have derived some technical momentum after stemming declines within a touted support zone, at 135.59 vs 135.62-55 before bouncing to 136.26 from last Friday’s 135.91 close and dragging UK/US equivalents back up with them - Gilts to 104.01 for a 5 tick gain on the day from 44 tick loss at 103.52 and T-note towards the top of its tigh 112-24/18+ band. Ahead, more Central Bank speakers and the NY Fed survey of consumer expectations.
13 Feb 2023 - 10:52- Research Sheet- Source: Newsquawk
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