In Sweden, the week ahead has one interesting piece of data: the September labour force survey (Thursday, 09.30 CEST).
In Sweden the past week was really about one thing only - the very low inflation outcome. CPIF inflation came in 0.4pp below the Riksbank forecast. A 0.4pp deviation is not minute. This is why, in short, we expect the Riksbank to cut rates by 0.15pp to 0.10% at its upcoming monetary policy meeting on 28 October.
In Norway attention turns to the Norges Bank meeting. We expect no rate change despite the global growth concerns as the krone is significantly weaker than expected. No new rate path will be presented at this meeting.
We expect decent demand for the Norwegian 10Y benchmark bond at the government bond auction Tuesday.
Denmark will be tapping in the 10Y segment (linkers and nominals) this week. There is still solid demand for the 10Y DGBs and we expect decent demand at the auction on Wednesday.
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