EUROPEAN FIXED INCOME UPDATE: make or break for bonds

Analysis details (10:39)

Having extended recovery gains to 134.11, 100.38 and 114-20+ respectively, Bunds, Gilts and the T-note all lost momentum and the 10 year debt futures are now hanging somewhat in the balance near or nearer intraday lows (133.42, 99.94 and 114-07) to throw doubt over the latest correction from cycle lows. On the plus-side, bonds have not hit new troughs for the bear run, but the fact that the rebound has petered is worrying and JPM warning about the debt ceiling becoming a real issue in May hardly helps matters. However, plenty to come in the pm session including weekly claims for the next NFP report, the Philly Fed, existing home sales and flash EZ consumer sentiment amidst a raft of Central Bank speeches.

20 Apr 2023 - 10:39- Fixed IncomeResearch Sheet- Source: Newsquawk