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The FOMC maintained the Fed funds target rate at 0.25%-0.50%, in line with consensus and market pricing. Looking at the rate decision, there were three dissenters voting for an immediate hike and...
In this short update, we provide our main views on the Chinese economy and a chart pack on growth indicators and markets.Chinese growth indicators continue to support the case for a moderate recovery...
In Sweden , the week ahead is thankfully somewhat more exciting than the past week. On Tuesday (at 09.30 CEST), Statistics Sweden publishes retail sales, trade balance and producer price data. The...
Although there are several important data releases from the Fed and the ECB due this week, today is set to be a rather quiet day.Today, the US presidential election campaign intensifies as Hillary...
The latest IMM data cover the week from 13 to 20 September 2016To read the entire report Please click on the pdf File Below
SBAB (SCBC) is introducing a new covered bond (SCBC143) maturing on 15 June 2022. The coupon rate is set to 1.25% and the ISIN code is SE0008586655. SCBC is set to introduce the loan in the coming...
Market movers ahead In the US , we have several important data releases including PCE inflation, which could be important for the Fed's decision on whether to hike soon or not. The week will also be...
Political uncertainty, monetary/fiscal policies and the economic cycle will be the driving market forces in the autumn.Most US observers appear convinced that Clinton will win the election - we expect...
The euro area manufacturing PMI figure for September rebounded towards the pre-Brexit vote level and there are signs that it will strengthen even further in the coming months. The order-inventory...
Denmark: Job growth accelerates The year has been good so far, especially for jobs, but the broader picture remains decidedly mixed.Sweden: Normalising Growth is coming down to a more normal level...
Overall, we believe that PMI figures for the euro area for September due for release today will show a moderate improvement, reflecting an ongoing recovery. The order-inventory balance for the...
Signs of SGB scarcity?The ASW spread in SGB1059 (November 2026) has tightened despite the loan becoming more expensive in the repo market and the fact that the SNDO could be about to cut issuance. To...
As expected, NorgesBank (NB) this morning left the sight deposit rate unchanged at 0.50% .The revised rate path suggests a 40% probability of a later rate cut , which was very close to our...
Market movers todayWe expect an unchanged key rate at the MPC meeting at Norges Bank today. In June, Norges Bank indicated an almost 100% probability of a cut in September but the risk outlook has...
The recent surge in EUR/DKK up to around 7.4550 looks to be at odds with usual determinants, which suggests the move is due to temporary factors.EUR/DKK is now trading within Danmarks Nationalbank's...
The FOMC maintained the Fed funds target rate at 0.25%-0.50%, in line with consensus and market pricing, although a few analysts called for a rate hike. Looking at the rate decision, there were three...
Buy SGB1059 in an ASW spread @ -48bp. P/L: -60bp/-39bp. 3M Carry+roll down = -0.1 + 0.4 = +0.3bp.We have witnessed a rebound in the 10y ASW spread and are off the widest levels (-58bp) by some 10bp....