Sunset Monday, October 17, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Jeremy Hunt to the rescue! The new UK Chancellor in an attempt to restore the UK’s credibility shelved the lion part of previous Chancellor Kwarteng’s mini-budget, while also lowering the bill to shield UK 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…
Sunset Tuesday, October 11, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • And there is the Bank of England again. Just yesterday, it announced additional measures to support market functioning. In a statement today, the UK central bank widened the scope of its emergency gilt Read more…
Thursday, 29 September 2022 Please click here to read the PDF version Markets • The Big Bail(ey)-Out. By announcing a temporary purchasing programme of long-dated UK Gilts, the Bank of England put an end to the unfolding bond crash. Originating from the Financial Policy Committee, it is a measure to Read more…
Sunset Wednesday, September 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The heavy UK Gilt sell-off triggered a response by the Bank of England. They consider the repricing, especially at the very long end of the curve, as a material risk to UK financial stability Read more…