EUROPEAN FIXED INCOME UPDATE; little respite for debt in the Fed aftermath

Analysis details (10:29)

Only dead cat bounces in bonds, even when the Norges Bank avoided any temptation to turn more hawkish in view of latest stronger than expected inflation data and delivered on prior guidance. As such, Bunds, Gilts and US Treasuries remain rooted nearer lows than highs within respective 138.07-136.97, 103.00-102.09 and 110-09+/109-17 ranges, as the spotlight switches to the BoE that is seen matching the FOMC on the rate hike front, but could be divided between increments either side of 75 bp and unclear on guidance given looming UK events on the fiscal side. Also ahead, a packed pm agenda.

03 Nov 2022 - 10:29- Research Sheet- Source: Newsquawk

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