EUROPEAN FIXED INCOME UPDATE: some debt redemption after so much retribution

Analysis details (11:02)

Bonds are off best levels and could yet see recovery gains erode further, or even reverse, if the bear trend resumes and latest peaks amount to nothing more than another false dawn. However, Bunds are holding near the top of a 138.78-136.98 range, Gilts are hovering just beneath 97.000 between 97.61-96.24 parameters and the T-note is even closer to the apex of its 112-27/112-02 overnight band. Looking ahead, a packed Friday pm agenda appears to be headlined by US PCE data, but debt futures may yet retain an underlying bid on month, Q3 and half year Japanese fy end, not to mention the fact that bonds have so much ground to make up given the extent of the rout. 

30 Sep 2022 - 11:02- Fixed IncomeResearch Sheet- Source: Newsquawk