GDP suddenly less upbeat.
SEK curve flattening - a matter of timing and size. Shift from 3s7s flattener/box to 1Y forward 2s10s curve/box.
SEK: A weak government is coming.
Trades
New , receive SEK 1Y10Y and pay SEK 1Y2Y at 110bp (indicative). P/L: 85/125bp. 6M roll -7bp.
New, receive SEK 1Y10Y and pay SEK 1Y2Y and do the opposite in EUR at 8bp. P/L: -10bp/20bp. 6M roll -2.5bp.
Profit taken , receive SEK 7Y and pay SEK 3Y in a curve flattener. Profit 12bp.
Profit taken , receive SEK 7Y pay SEK 3Y and do opposite in EUR. Profit. 4.4bp
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