Danske Markets

The policy variable and intervals - the RB does not appear to like the idea of a target interval.Flattening pressure not over - we like buying SGB1059 (Nov 2026) against SGB1047 (Dec 2026). To read...

Today, the BoE kept its monetary policy unchanged as expected.The BoE left the door open for more easing later this year if data meet expectations of the August projections. However, the BoE signals...

In this report, we make a detailed assessment of Swedish covered bonds amid rising concerns about the Swedish housing market. It is important to fully understand what has pushed house prices higher...

Plenty of key economic data is due out from the US today with retail sales, industrial production, Empire Manufacturing PMI and the Philly Manufacturing PMI.The Bank of England meeting - we do not...

US oil production is expected to bottom out at the end of 2016 and to gradually expand during 2017 according to official supply forecasts.The forecasted production expansion is supported by the recent...

Rising demand for liquidity and depreciation pressure has pushed up CNH offshore money market rates, making it more expensive to hedge income. However, we believe the rise in CNH Hibor rates is...

It is a scant day in terms of key economic data releases. In Euroland, we have the release of industrial production and from the UK, we have the labour market report as the main key economic data. In...

GDP growth has slowed markedly to just around 1% q/q AR over the past three quarters - annual GDP growth declined from 3.3% y/y in Q1 15 to 1.2% y/y in Q2 16.Unemployment and underemployment rates...

'Soft' economic indicators suggest that the UK has rebounded in August after the initial deceleration in July, suggesting that the UK economy may avoid a Brexit-recession.As the economic data have...

The Norges Bank Regional Network Survey (RNS) has just been published. The key aggregate output index for the next six months rose to 0.75 (from 0.28 in June) indicating a further improvement in the...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving onto government and covered bonds.To read the entire report Please click on...

Last week was a repeat of the previous two with the European credit indices trading broadly unchanged, as iTraxx Main ended the week where it started at index 68 and the iTraxx Crossover widened a...

Focus in the Scandi markets will be on Swedish CPI data as well as the Norwegian regional survey out of Norway. We expect SEK inflation on the 'low' side, while the NOK regional survey is expected to...

Focus this week will be on the Fed and US retail sales. A speech today by the Fed's Lael Brainard (dove, voter) will be studied closely, as she is a dove and the markets fear another dove arguing the...

The latest IMM data covers the week from 30 August to 6 September 2016To read the entire report Please click on the pdf File Below

In Sweden all eyes will be on inflation data on Tuesday (at 09.30 CEST). We have an estimate that is about 0.3 percentage points below the Riksbank's and 0.2% below consensus, which is a big...