EUROPEAN FIXED INCOME UPDATE: new week starts with further debt weakness

Analysis details (11:03)

It has long since become an almost self-propelling losing streak for bonds, but an upturn in stocks that could be due to post-weekend positioning may be adding more impetus and incentive, while the shorter end of the curve also has issuance to make room for (6 year NGEU offering, 2 and 5 year US supply).  Bunds have now been down to 157.64, Gilts under 120.00, at 119.86 and the 10 year T-note as low as 120-30+ before gleaning some traction alongside long bonds amidst what looks like more switching and spread plays taking into consideration a more hawkish near term Fed outlook. Ahead, a light Monday agenda data-wise includes advanced US trade, wholesale inventories and the Dallas Fed manufacturing business index.

28 Mar 2022 - 11:03- Fixed IncomeResearch Sheet- Source: newsquawk