EUROPEAN FIXED INCOME UPDATE: Eurozone debt continues to tumble
The early bounce has long since faded for Bunds and their EZ equivalents, irrespective of the fact that oil has come off the boil and EU bourses are backpedalling, as the ECB twist to hawkish guidance and away from transitory inflation prompts another rout. The 10 year German benchmark is now slipping under 165.50 that chimes with 25 bp in yield approx, while BTPs are in danger of losing 139.50+ status and topping 1.90% in cash terms. Elsewhere, Gilts are probing post-BoE/NFP lows and US Treasuries are holding just above parity, but barely as the contagion spreads.
07 Feb 2022 - 11:05- Fixed Income- Source: newsquawk
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