Danske Markets

The October employment report will be released today. Job growth slowed to just below 140,000 on average in September and August, which in our view is below the pace (>150,000) needed for the Fed...

US investors expect the Fed to hike and the ECB to enact aggressive easing in December. We expect the ECB to very aggressive in December by cutting rates, expanding QE and providing strong forward...

In reality, there was little in today's announcement from the Bank of England (BoE). For now, we stick to our view that it will hike in February but the risk is skewed towards a later hike. Consensus...

Arid October inflation?Rotation in our recommendations and in our portfolio allocation for domestic clients. - Redistribute the steepness along the curve beyond 5Y. - All set for a rebound in SEK...

As expected, Norges Bank (NB) left rates unchanged at 0.75% .The statement reiterated the September easing bias but was otherwise very balanced with no clear signals that the bank is planning to cut...

Tap auction : SEK500m SGBi3110 (1 June 2019) and SEK500m SGBi3102 (1 Dec 2020).We remain cautious about longer real rates as we said in the latest report (21 October) . We have been recommending BEI...

We expect Norges Bank to leave rates unchanged at today's meeting which includes a rate announcement, a statement release and a Q/A session. We expect Norges Bank to reiterate its September easing...

Norges Bank's (NB) FX transactions statistics just released show that foreign banks (proxy for speculative flows) net sold the Norwegian currency for the second consecutive week. While the previous...

Buy SWH180 ASW at 55.5bp. P/L: 40bp/67bp. Carry: +1.4bp/m.Swedish SEK covered bonds have underperformed significantly since the summer (see Chart 1). We have seen three factors behind the covered bond...

Today Fed Chair Yellen will testify on bank regulation before the House panel. Given the topic we doubt that there will be much talk about monetary policy. Later in the evening, New York Fed President...

Given the turnaround in the ECB's view on deposit rate cuts, we expect a 10bp cut together with a strong signal that further deposit cuts are on the table. We believe the ECB will reintroduce its old...

Our models suggest job growth in October of 170,000, which is below the mid-year pace but still enough to put additional downward pressure on the unemployment rate.We do not think that a slowdown of...

It is a relatively quiet day in terms of data releases with only secondary data being released today.US factory orders are expected to drop 0.9% m/m in September following the decline of 1.7% in...

The US manufacturing ISM declined only marginally in October and the details of the survey were better than the headlineOur models suggest the ISM is past the bottom A turn in the global manufacturing...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds.To Read the Entire Report Please Click on...

We expect Norges Bank to leave rates unchanged on Thursday. There have been few important data releases since the September meeting and most economic figures are close to Norges Bank's September...