EUROPEAN FIXED INCOME UPDATE: more thrills and spills for bonds
Analysis details (11:18)
So much for a more sedate Friday, or just fatigue after all the drama in debt this week, as ranges have been extended and volatility whipped up by obvious and specific factors plus some less apparent catalysts. BoE chief economist Pill has left an impression, albeit more in UK STIR futures, as Gilts pare gains from 112.91 at best (+98 ticks on the day vs -16 ticks at the Liffe low), in stark contrast to ECB’s Knot, with Bunds quickly shrugging off hawkish remarks and the core Eurozone bond rebounding to 144.99 (+125 ticks vs -118 ticks) before topping out. Meanwhile, US Treasuries are firmer and the curve is flatter ahead of Fed chaor Powell and ip data.
17 Jun 2022 - 11:18- Fixed IncomeResearch Sheet- Source: Newsquawk
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