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

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