EUROPEAN FIXED INCOME UPDATE: bond bears at large as June draws to a close
Analysis details (10:51)
Barring a big about-face and spree of late buying or short covering for the turn of the month, quarter and half year, debt futures appear destined for a bleak finish and further losses as Bunds, Gilts and the T-note hover precariously over deeper intraday lows, at 133.09, 94.71 and 111-25+ respectively. However, there may be scope for some fundamental respite if US core and/or headline PCE miss consensus, while technical and psychological levels could also provide support in the event of renewed pressure, assuming 2.50%, 4.50% and the 4% levels hold, not to mention pivotal chart resistance in advance.
30 Jun 2023 - 10:51- Research Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts