EUROPEAN FIXED INCOME UPDATE: late reprieve for downtrodden debt
Analysis details (11:07)
The latest retracement in oil has undoubtedly greased the cogs, but the current bout of consolidation in bonds looks more squeezy and positional as market participants square up or pare exposure in accordance with limits imposed for month end. Moreover, today also marks the end of the first quarter of 2022 and the final trading session in terms of reporting for the current financial year, so the need to adhere to balance sheet requirements is more important. Bunds just topped out at 158.30, Gilts are hovering under their 121.40 Liffe intraday high and the 10 year T-note just shy of 132-03+ at best, ahead of a pretty packed pm calendar.
31 Mar 2022 - 11:06- Fixed IncomeResearch Sheet- Source: newsquawk
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