Fixed Income: debt gains at the expense of equities, in part at least

Analysis details (10:16)

It’s been gradual and measured rather than a rush that often comes in really risk-off conditions, but core bonds are bid approaching the end of yet another harrowing week as stocks trade negatively or tread tentatively into quad-witching. News from the Eastern front is far from bullish and constructive given all the purported positivity surrounding progress towards a peace agreement intimated at various times, so equities may also be wary about reading too much into any further claims about Russia and Ukraine getting closer on divergent lines. Bunds, Gilts and the 10 year T-note are all just below intraday highs of 161.46, 122.55 and 124-22 respectively ahead of a US and Chinese Presidential ‘chat’, existing home sales data and two scheduled Fed speeches. 

18 Mar 2022 - 10:15- Fixed IncomeResearch Sheet- Source: newsquawk