[MARKET ANALYSIS] A softer start for fixed benchmarks, though they are off lows across the board
SourceNewsquawk
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- A softer start for fixed benchmarks.
- Bunds and USTs lower by 20 and two ticks, respectively. Specifics are fairly light aside from Final PMIs which, thus far, have not had any real impact.
- USTs in the red but at the upper-end of a 112-05 to 112-13 band. If a move into the green occurs, resistance factors at 112-25.
- A similar picture for Bunds, in the red but just off highs in 127.08-49 parameters. Resistance at 127.57 and 127.83.
- For Gilts, a softer open but the benchmark has since climbed off lows and is, as above, towards highs in 90.74-91.33 parameters. 91.37 would take Gilts back to unchanged on the day, thereafter resistance at 91.47.
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