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- Rumour- 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: