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- Fixed IncomeResearch Sheet- 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:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts