[MARKET ANALYSIS] Fixed income oscillates in tight ranges following Wednesday's risk-off bid

Fixed income is currently experiencing slight pullbacks in UST and Bund futures after a brief rally, attributed to receding geopolitical risks and comments from President Trump regarding Fed Chair Powell.

Newsquawk StaffPublished On the live feed at 1 more headline followed before this page went public
Newsquawk headlinesUTC

[MARKET ANALYSIS] Precious metals price out some geopolitical risk premium (XAU -0.9%, XAG -6.4%) while Copper falls as Chinese equities continue to weaken

UN Security Council plans to meet with Iran at 15:00 EST / 20:00 GMT on Thursday, AFP reports

[MARKET ANALYSIS] Fixed income oscillates in tight ranges following Wednesday's risk-off bid

[MARKET ANALYSIS] Antipodeans underperform following weakness in Chinese equity markets; G7 against USD trade muted

BoK Governor Rhee says the Government is to make an announcement on the US trade deal and the FX market later in the day

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • UST futures pull back from Wednesday’s session high of 112’18 to a low of 112’13 as risks of a US strike on Iran recede. US President Trump also commented that he has no plans to remove Fed Chair Powell, though this did not trigger any meaningful move in Treasuries.
  • Bund futures hold onto the majority of Wednesday’s gains, which were spurred by geopolitical developments. German debt pulls back to 128.35 from Wednesday’s peak of 128.48 and oscillates in a tight nine-tick range throughout the Asia-Pac session.
  • JGB futures started the Asia-Pac session on the front foot, in line with the risk-off move seen in the Nikkei. Japanese 10-year debt peaked at 132.28 before pulling back to just shy of session lows at 131.81.
Context

While Treasuries saw minimal movement, the oscillation in German and Japanese debt highlights a cautious market that remains sensitive to global risk factors and policy signals, suggesting that momentum could be limited in the near term.

Related headlines

The whole workspace, free to try.

Try it free