DGB And SGBTaps And Labour Market Data In Norway

Published 03/20/2017, 03:10 AM
Updated 05/14/2017, 06:45 AM

In Sweden , the week ahead is set to be the absolute opposite of the past week, as we have no major domestic data releases.

The Swedish Debt Office is due to tap the markets with taps in the 5Y and 15Y benchmark bonds.

We argue that inflation will soon drop back below the Riksbank forecast.

In Norway , the week's only significant release is the Labour Force Survey for January (December-February). Leading labour market indicators such as Norges Bank's regional network, the PMI and the Manpower index are all painting the same positive picture, vacancies are rising strongly, and redundancies and layoffs are falling. At some point, then, we should see a strong positive correction in the labour supply and employment in the LFS, but not necessarily this time around. We expect the jobless rate to hold somewhere around 4.5%.

Norges Bank rhetoric was on the soft side last week at the Norges Bank meeting.

The Danish Deb Management Office (DMO) announced on Friday that they will tap in the usual 10Y benchmark bond DGB Nov '27 on Wednesday. On top of that, the DMO will tap in the long end with a tap in the DGB Nov '39.

See also our Strategic overview for the Scandi FI and FX markets on page 2.

To read the entire report Please click on the pdf File Below

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