EUROPEAN FIXED INCOME UPDATE: some solace for beleaguered bonds
Analysis details (10:29)
Deja vu for debt futures as the bear trend continues, but Gilts have received a bit of supply-side relief on the back of a solid 30 year DMO auction and Bunds derived a degree of respite from a rather conflicting ZEW survey. Thus, the 10 year EU benchmarks are off lows after descending to 101.11 and 133.49 on Liffe and Eurex earlier, while US Treasuries are holding in with the T-note midday between 114-13/08 confines ahead of US housing data, Fed Discount Rate meeting minutes and remarks from Fed’s Bowman. Note also, UK and German yields are capped just shy of or around symbolic levels (3.75% and 2.5% respectively).
18 Apr 2023 - 10:29- Fixed IncomeData- Source: Newsquawk
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