EUROPEAN FIXED INCOME UPDATE: firm EU bounce leaves USTs lagging
Analysis details (10:02)
Choppy trade, range extension and divergence all featuring as Gilts continue to outperform on UK specifics and eye 106.00 within 105.90-33 extremes, Bunds recover from a 141.65 low to touch resistance seen at 142.17 and the Eurozone periphery regain composure in wake of better than expected services PMIs. Conversely, French bonds are still flagging below 138.00 following S&P’s outlook downgrade to negative and Treasuries in follow-on reaction to last Friday’s upbeat BLS report and now looking toward the US services ISM and Factory Orders for further direction.
05 Dec 2022 - 10:02- Research Sheet- Source: Newsquawk
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