Fixed Income: solid 2048 German debt placement

By all standard measures the latest long end German tap has to be deemed strong, and debt futures regained some poise coincidentally, if not as a direct result. 30 year Buxls are holding around 1.20% in the secondary market, while 10 year benchmark Bunds are only a couple of basis points above early lows as well, close to 0.375%, but futures have just dipped to a new 162.61 low. Conversely, Gilts have settled down after their prompt retreat, with the 10 year contract at 124.85 vs 124.75, as attention in the UK switches to the Budget, before all eyes turn to a packed pre-Thanksgiving US agenda.

22 Nov 2017 - 10:53- - Source: ransquawk

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