EUROPEAN FIXED INCOME UPDATE: range extension and deviation in debt
Analysis details (11:13)
Trade remains rather sporadic, with light summer volumes probably exacerbating price moves amidst a propensity to keep positions tight if not sitting on the sidelines and keeping powder dry before reacting to the tone of the ECB event and then settling back down for the US inflation data highlight tomorrow. Bunds are back under par after posting a new 149.17 recover peak from 148.52 Eurex trough, while Gilts reversed to a deeper 114.42 low vs 114.86 Liffe and US Treasuries remain relatively contained pre-jobless claims with the curve flat in advance of long bond issuance in hope of a warmer reception than afforded for 3 and 10 year notes, irrespective of any amount of concession.
09 Jun 2022 - 11:12- Fixed IncomeResearch Sheet- Source: Newsquawk
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