EUROPEAN FIXED INCOME UPDATE; some respite for debt after more downside
Analysis details (10:18)
German bonds still have Eur 4 bn Bobls to absorb, but the latest slide in futures and upturn in yields may have ensured sufficient concession to entice buyers as 5 year cash tops 21 bp. However, Bunds seem to have found some underlying bids ahead of 159.00 and the 10 year yield is yet to break 50 bp convincingly as the future bounces off a 159.11 low, while Gilts hold a tick above 120.50 and the T-note at 122-26. Ahead, plenty more Fed and other Central Bank speakers.
22 Mar 2022 - 10:18- Fixed IncomeResearch Sheet- Source: newsquawk
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