EUROPEAN FIXED INCOME UPDATE: Gilts catch up and carry on

Analysis details (10:14)

Debt futures overcame several setbacks and bouts of consolidation before extending recovery gains across the board, with UK bonds picking up the baton after returning to Liffe and correcting higher. Gilts spiked over 300 ticks from their prior settlement level within a 96.85-94.82 range, Bunds more than a full point between 137.38-136.12 parameters and the T-note topped 111-00 at best, at 111-02 from a low of 110-18 vs last Friday’s 110-19 close. All eyes and ears will be transfixed on the new UK Chancellor for a key statement on finances at 11.00BST aimed at reinstalling some much needed confidence in domestic markets, and then a pm session sprinkled with Central Bank commentary plus the latest Empire State survey.

17 Oct 2022 - 10:14- Research Sheet- Source: Newsquawk

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