EUROPEAN FIXED INCOME UPDATE: heat still dissipating in debt

Analysis details (10:55)

Bonds have pared some of their heavy losses and are holding off worst levels, but remain well below par after the steep retreat on the back of Spain’s unexpectedly strong inflation data. Bunds only stopped the rot at 136.51, Bonos at 124.20, Gilts at 104.04 and the T-note at 114-12+, but the respective benchmarks could yet stage a more meaningful bounce if month end demand is strong enough to offset the bearish fundamental forces that also came via broadly better than anticipated Eurozone sentiment indicators, and increasingly negative technical backdrop of course.  

30 Jan 2023 - 10:55- Research Sheet- Source: Newsquawk