EUROPEAN FIXED INCOME UPDATE: some debt divergence emerges
Analysis details (11:18)
Only minor upside and range extension in Bunds following a well received 2038 German tap as stocks continue to fluctuate after losing their early recovery momentum and the deluge of Central Bank commentary keeps flowing. The core Eurozone bond has pared some gains from 154.08 amidst ongoing outperformance in the periphery post-ECB’s Panetta and Knot seemingly cooling on a 50 bp July hike, but holding up better than Gilts that topped out at 119.09 following a weak return to Liffe. Meanwhile, US Treasuries remain largely flat and the curve relatively steady in advance of MBA mortgage applications, durable goods, Fed’s Brainard and FOMC minutes.
25 May 2022 - 11:18- Fixed IncomeBank Speaker- Source: Newsquawk
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