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European FI hitting day's highs

BONDS
  • After some respite earlier, core fixed income markets are at their highest levels of the day. There have been no new key headlines to really trigger a renewed rally, but more of the same concerns about the softening of demand from China and further lockdowns in the country.
  • Bund futures have traded as high as 154.86 today with the next resistance at 155.00, the April 20 high. Peripheral spreasd are wider across the board, too.
  • Gilt futures bounced off 119.01 again, the same level as this morning and now sit at 118.90.
  • SONIA futures are no up to 16 ticks higher on the day in the Reds, while Euribor futures are up to 14.5 ticks higher. Both of these are seeing smaller moves than the up to 20 tick rallies in some Eurodollar futures contracts.

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