Reading The Markets Sweden -16 August 2018

Published 08/16/2018, 09:22 AM
EUR/SEK
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Don't lose sight of the housing data

Correction: Stockholm flat prices down by 0.8% m/m

Pricing of Riksbank suggests moving exposure

Swedish election keeps SEK under pressure. EUR/SEK 3M target 10.60

Trades

Profit taken, receive SEK 1Y1Y. Profit +13.4bp. Take profit and enter a new roll down position (see below) less exposed to higher bond yields/a more hawkish RB than we expect.

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