Sunset Thursday, November 10, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • At last! At last a below-consensus US inflation number. At last a below-consensus US inflation number at the right time, coming on the heels of last week’s Fed meeting. Recall how markets initially Read more…
Thursday, 10 November 2022 Please click here to read the PDF version There will be no KBC reports on Friday, November 11. We resume our publications on Monday, November 14. Markets • Yesterday, a rather inconclusive outcome of the US midterm elections initially left markets looking for a clear Read more…
Sunset Thursday, October 13, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • With no important data in the EMU, global markets held a wait-and-see approach going into the key US September inflation release. Once again UK markets were the exception to the rule. The BoE Read more…
Thursday, 13 October 2022 Please click here to read the PDF version Markets • Daily changes in European and US interest rate markets were modest compared to what we got used to of late. US yields eased between 1.5 bps (2-y) and 5.25 bps (5-y). Investors clearly didn’t want to Read more…
Wednesday, 12 October 2022 Please click here to read the PDF version Markets • US (bond) investors returning from a long weekend didn’t help to restore a more constructive narrative on global markets. Eco data were few, with Thursday’s US September CPI release still the first important data reference on Read more…
Wednesday, 13 September 2022 Please click here to read the PDF version Markets • US Treasuries underperformed German Bunds yesterday. US yields added 1.4 bps to 6.5 bps with the 10-30yr bucket being worse off. The main move occurred in the wake of a very weak $32bn 10-yr Note auction Read more…
Thursday, 14 July 2022 Please click here to read the PDF version Markets • Faster than expected US inflation (9.1% y/y) once again sent shockwaves through financial markets yesterday. US bond yields shot up as much as 18 bps at the short end of the curve before paring some of Read more…
Sunset Wednesday, July 13, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Chinese trade data and comments by ECB Villeroy served as amuse-bouche for today’s main dish: June US CPI numbers. Chinese exports rebounded significantly in June as parts of the country (Shanghai) reopened. Exports Read more…
Sunset Friday, June 10, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Yesterday’s ECB meeting will go down in history books as one of the most important ones. The central bank committed to kill off surging inflation by ending asset purchases and hiking rates from Read more…
Sunset Wednesday, May 18, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • ECB policy makers keep up the July rate hike rhetoric. ECB Muller, de Cos and Rehn were today’s chosen ones. Interestingly, more governors start talking about what could come next after an inaugural July Read more…