EUROPEAN FIXED INCOME UPDATE: long bad Friday panning out for bonds
Analysis details (10:31)
Debt futures have fallen even further and regardless of the fact that turnover is light it is abundantly clear that short sellers are more convicted than bargain hunters or those willing to countertrend. Bunds recently slid to 134.82 for a 49 tick loss on the day, Gilts to 100.26 vs 101.08 at close of business yesterday and the T-note is grounded near the base of its narrow 113-09+/113-15+ overnight corridor in advance of US PCE data that has scope to offer bonds some joy on the eve of the Xmas period or compound the misery.
23 Dec 2022 - 10:31- Research 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