Wednesday, 28 September 2022 Please click here to read the PDF version Markets • The core bond relief couldn’t even last for a full day. The most eyepopping move occurred in UK markets, where the 2y yield at some point fell almost 40 bps but eventually closed 7.7 bps higher. Read more…
Tuesday, 20 September 2022 Please click here to read the PDF version Markets • The new week didn’t bring any change to market trends/narrative going into multiple central banks decisions, including the FOMC announcement on Wednesday. Markets continue to prepare for (or is it rather push?) inevitable bold central bank Read more…
Monday, 19 September 2022 Please click here to read the PDF version Markets • Last week, a strong flattening/inversion move illustrated investors’ believe in a further frontloading strategy as global central banks are trying to regain control on inflation. Despite mostly hawkish ECB speak of late and the Fed keeping Read more…
Sunset Tuesday, July 5, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • GEURONIMOOO! The euro is sliding to new multiyear lows against a range of currencies. EUR/CHF revisited sub-parity territory after recovering over the past few days from a similar adventure last week. The currency pair Read more…
Sunset Friday, June 24, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • German bond yields rebounded a few bps after an outright implosion yesterday but the move clearly lacked dash. Gains get capped to a mere 2 bps at the front-end as US dealings get Read more…
Sunset Thursday, June 23, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Eurozone June PMI’s turned the post-Fed consolidation on interest rate markets into correction. The German yield curve bull steepens with yields sliding by 24 bps at the 5-y tenor to 15 bps at the Read more…
Monday, 20 June 2022 Please click here to read the PDF version Markets • A hectic week ended on a calmer note. The wild bond swings eased somewhat – at least compared to the moves in the days before. US Treasuries forfeited some of the sharp gains that intensified in Read more…
Sunset Wednesday, June 15, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • European markets were put immediately on edge even before the official open. Financial media reported that the ECB would hold an emergency meeting to discuss “current market conditions”. Investors concluded this meant addressing Read more…
Monday, 13 June 2022 Please click here to read the PDF version Markets • End last week it was confirmed that inflation remains the top concern, for markets and for central banks. On Thursday, the ECB admitted that price rises have become uncomfortably high, signaling a catching up move in Read more…
Tuesday, 31 May 2022 Please click here to read the PDF version Markets • Surprisingly high and accelerating inflation in Belgium, Spain and Germany defined an exclusively European trading session yesterday (US closed for Memorial Day). European/German yields were already headed north at the open in an attempt to shake Read more…