EUROPEAN FIXED INCOME UPDATE: slump in bank stocks sparks strong bond revival
Analysis details (10:15)
EGBs have erased all and a whole lot more of their early losses sustained on ECB sources as renewed stress in the financial sector prompts another pronounced bout of safe haven positioning. In fact, risk aversion is ongoing and turning more rife to the benefit of Bunds and alike, with the core Eurozone bond now eyeing 136.00 from a 133.33 Eurex base having reached 135.96, and Gilts are tagging along with US Treasuries, at 104.40 vs 103.12 at the Liffe low and 114-15+ compared to a 113-08+ overnight trough. All this and a double-dose of long end German supply to come before a raft of US data.
15 Mar 2023 - 10:15- Fixed IncomeResearch Sheet- Source: Newsquawk
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