EUROPEAN FIXED INCOME UPDATE: Gilt revival leaves rivals floundering
Analysis details (10:40)
UK debt and STIR contracts had already clawed back a chunk or all and a bit more of their post-CPI etc losses before media reports about PM Truss being told by 1922 chair Brady that the threshold for a leadership challenge has been breached, but Gilts got a bit closer to filling the gap, at 97.68 from 97.89 before fading ahead of the delayed bidding deadline for 2032 DMO supply. However, Bunds are struggling to clamber off deeper lows in wake of Germany topping up 18 of its existing bonds by Eur 3 bn a piece and only held 4 ticks above last Thursday’s 135.82 low and the T-note remains nearer 110-10 trough than 110-29 peak in the run up to Usd 12 bn 20 year issuance that comes after US housing data and alongside the first or three scheduled Fed speakers including Kashkari, Bullard and Evans.
19 Oct 2022 - 10:40- Fixed IncomeRumour- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts