Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Reading The Swedish Markets

Published 01/10/2014, 06:38 AM
Updated 05/14/2017, 06:45 AM
SEK/EUR
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Profit taken. In the trading sessions between Christmas and New Year, we reached our set stop level in the SWH183. However, the position was closed with a profit since we had moved the stop below the start level after a strong performance. Profit 9bp.

Profit taken. We take profit in the 5Y swap spread SEK/EUR. Profit 13bp. We shift the risk into another spread where we receive SEK 1y4y forward versus EUR (see below).

New. Receive 1y4y fwd SEK versus EUR (instead of the 5Y spread, which we close with a profit – see above). P/L: 80bp/115bp.
Danske Bank Markets’ view in a nutshell
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