In Sweden , inflation figures are due out (Tuesday, 09:30 CET) and we estimate an outcome just a tad below what the Riksbank is estimating. On Wednesday (08:00 CET) Prospera inflation expectations are due out, but it is the smaller one (only market participants), which is why we will concentrate on how expectations have changed in response to the renewed weakening of the SEK. With the labour force survey due out (Thursday, 09:30 CET), a week of action-packed Swedish data will be concluded.
Finally, the Swedish National Debt Office will tap in the 5Y and 10Y bonds.
In Norway , the week brings GDP figures for Q3 on Tuesday. The continued decline in gross unemployment points to growth in mainland GDP of 0.4% q/q, which is exactly as Norges Bank projected in the September monetary policy report and should therefore have only a limited market impact.
Norges Bank will announce today (Monday) what bond it will tap on Wednesday. We look for yet another tap in the 10Y benchmark bond.
In Denmark , the statistical office is due to publish its GDP indicator for Q3 on Tuesday. We estimate a fall in GDP of 0.5% in Q3.
The Danish Debt Office is once again tapping in the 2Y and 10Y benchmarks. There are plenty of redemptions and coupons in Denmark this week, but the bulk of the money is going to the Danish government itself, as it has bought back almost DKK33bn out of an outstanding amount of DKK54bn in the DGB '16 that will mature November 15. But from a market perspective there will be much more focus on the Danish mortgage bond refinancing auctions that kick off this week.
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