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…
Friday, 24 June 2022 Please click here to read the PDF version Markets • The German Bund excelled yesterday. European PMIs showed momentum weakening rapidly and more than expected. High inflation, ongoing supply snarls, uncertainty related to the war in Ukraine and tighter financial conditions heavily weigh on activity, demand 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…
Thursday, 23 June 2022 Please click here to read the PDF version Markets • It was outright risk-off yesterday. The inflation scare traded for recession fears – a pattern we’ve observed before. Fed chair Powell did little to alleviate these concerns. In his testimony before Congress he reiterated a strong Read more…
Sunset Wednesday, June 22, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Here we go again. It has been a reliable roadmap over the past few months: the inflation scare dominates in the run-up to actual price data releases and central bank meetings at which Read more…
Wednesday, 22 June 2022 Please click here to read the PDF version Markets • US investors returned from a long weekend and immediately left a stamp on trading. Especially equity markets were in good shape. Main indices jumped between 2.15-2.51%. European equities had to settle for <1%. The improved sentiment Read more…
Sunset Tuesday, June 21, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Europeanstock markets built on Asian risk momentum at the start of trading, but had some difficulties to really hold on to that vibe. As the US session gets going, they gain around 0.5% Read more…
Tuesday, 21 June 2022 Please click here to read the PDF version Markets • With US markets closed for Juneteenth, trading was confined to Asia and Europe yesterday. The economic calendar contained no important data but several high-profile speeches, including from president Lagarde as she appeared before the European Parliament. Read more…
Sunset Monday, June 20, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • End of last week, investors concluded that EMU and US yields are discounting a ‘reasonable’ amount of tightening given the highly uncertain path for growth and inflation in the second half the year. 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…