EUROPEAN FIXED INCOME UPDATE: EZ debt extends pull-back as ECB looms

Analysis details (11:08)

Bunds and their Eurozone cohorts regained sufficient composure and impetus to eclipse a few more interim upside hurdles, but not enough conviction to extend upper ends on the intraday ranges to breach 156.00 in the case of the 10 year German benchmark of 75 bp in yield terms. However, the ensuing retreat has been relatively swift and absent of an obvious catalyst, albeit spilling over to Gilts and US Treasuries, so clearly contagious as a congested pm docket approaches. New lows recently printed on Eurex, at 155.05 (-81 ticks vs +10 ticks at best), and 119.00 on Liffe (-44 ticks compared to +21 ticks), while the T-note is closer to 120-19+ overnight low than 121-05+ high.

14 Apr 2022 - 11:08- Fixed IncomeResearch Sheet- Source: Newsquawk