Reading The Markets Sweden‏

Published 11/30/2014, 01:58 AM
Updated 05/14/2017, 06:45 AM

The Swedish trade balance surplus has evaporated. Adjusted for prices, net
foreign trade remains a drag on GDP.

Short mortgage bonds slow to perform – we had expected a bounce.

Portfolio allocation: keep a slightly long duration position versus index.

Trades
Loss taken, SWH185 vs SGB1051, -1bp. We had expected a rebound after the recent spread widening. There were no signs of that over the past year and thus we have decided to close the position with a 1bp loss.

Danske Bank Markets

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