Danske Markets

On the 15/16 May, the Swedish National Debt Office (SNDO) will offer two more exchange auctions in SGBi3105 (December 2015). On 15 May, it will be a cash neutral auction against SGBi3107 (June 2017)....

Growth recovery to support CEE currencies, CZK keeps the cap Hungarian real GDP grew by 3.5% y/y in Q1 14 - well above the consensus forecast of 2.7% y/y. In Hungary right now, there are some nice...

FX Market Update provides a quantitative overview of the currency market, including several valuation tools and monitors. Looking at the signals from our short-term financial models, AUD continues to...

Market movers todayEuro industrial production is expected to decline in March in line with the movement across countries. The lower production is partly due to fewer working days in March. We expect...

We expect another small decline in German ZEW expectations for May after it has trended downwards during the first few months of 2014. On the other hand, the current assessment component has improved...

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...

IMM data released last Friday showed that the biggest change in non-commercial positioning in the week to 6 May was seen in JPY where investors slashed net shorts. The move was driven by the Japanese...

This week the scorecard recommends buying the GBP, NZD and CHF while selling the NOK, AUD and USD.The UK interest rates currently outperform (higher rates) among G10 according to the model and again...

Today we have a very light calendar in terms of data releases but there are some interesting central bank speeches. ECB's Constancio, Nouy and Nowotny speak in Vienna and their comments could attract...

The Riksbank has put a lot of focus on inflation. Swedish core inflation is running at 0.0%, which is well below the Riksbank's forecast and way below the 2.0% inflation target. However, we now expect...

The first projections for the 2014/15 marketing year indicate that world grain supplies are likely to remain abundant. Although demand is set to pick up, it will likely be outpaced by the increase in...

As expected, Norges Bank kept rates unchanged at yesterday’s monetary policy meeting. The overall impression from the press statement and the briefing is that Norges Bank is overall happy with...

Disruption of production in New Caledonia has further hampered the Nickel market, which has been hurt by supply concerns since the beginning of the year. Consequently, we have seen a further...

Market movers today We have a very light data calendar with only secondary data releases scheduled. In Europe both the UK and Italy will release industrial production for March. In general industrial...

Buy 5Y covered bonds ASW - SEB572 ASW at 25bp. P/L: 17/35bp Carry/roll down: 1.8bp/m (0.85+0.75) Despite the performance in covered bonds relative to swaps, we see good reasons to buy/add to already...

Inflation gap to the Riksbank narrows slightly and risks are skewed to the upside. Receive the tail rate between SGB1057 and SGB1058. The FSA announces new capital requirements for Swedish banks. To...