Sunset Thursday, March 31, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • ECB chief economist Lane spent most of today’s speech in Paris reminiscing on the ECB’s “successful” monetary policy response to the pandemic. He took the opportunity as net asset purchases under the Pandemic Emergency Read more…
Thursday, 31 March 2022 Please click here to read the PDF version Markets • Rising energy prices after Germany initiated the first of its three-phased emergency plan and red hot European inflation prints from Belgium over Germany to Spain smacked German bunds in real Will Smith style. Short-term yields at Read more…
Sunset Wednesday, March 30, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Two main stories were running the show on markets today. Both of them supported the ongoing core bond sell-off which recently concentrated on European markets. Germany initiated the first phase of a three-staged Read more…
Wednesday, 30 March 2022 Please click here to read the PDF version Markets • Ceasefire talks in Istanbul showed signs of progress. Ahead of the negotiations, Ukraine indicated openness to neutrality and adopt a non-nuclear status in return for security guarantees. Afterwards, and to “increase mutual trust”, Russia said it Read more…
Sunset Tuesday, March 29, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • High-level talks in Turkey between Ukraine and Russia finally seem to slowly moving in the direction of agreeing on a cease-fire. The FT reported on it first and it was later confirmed by Read more…
Tuesday, 29 March 2022 Please click here to read the PDF version Markets • The violence to which bonds sold off in Asian dealings yesterday eased a bit in European and US trading hours. The Japanese 10y yield stayed marginally above the 0% + 25 bps upper limit for most Read more…
Sunset Monday, March 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • This morning, Asian bond markets were overwhelmed by a new wave of panic selling in the wake of Friday’s steep rise in US yields. In order to reinforce its commitment to decouple from Read more…
Monday, 28 March 2022 Please click here to read the PDF version Markets • The Interfax report on Friday suggesting Russia may be refocusing on the “complete liberation of Donbas” caused yet another sharp core bond selloff. Markets believe such de-scaling of the conflict to the eastern regions of Ukraine Read more…
Sunset Friday, March 25, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Europe’s aspiration to cut reliance on Russian fossil energy by two-thirds end 2022 and almost completely by 2024 became a little bit more concrete today. The continent announced an agreement with the US Read more…
Friday, 25 March 2022 Please click here to read the PDF version Markets • Wednesday’s ‘classic’ risk-off correction with a setback in equities and a decline in yields proved to be a one-off rather than the start of a new trend. Oil (temporarily?) returning above $120 p/b was a warning Read more…