Danske Markets

Market movers today A quiet start to a quiet week. German industrial production for February is the main release today and is expected to rise 0.1% m/m following a strong increase of 0.8% m/m in...

Markets positioning for re-acceleration in growth US and China to gain speed in coming quarters Upward pressure on yields from recovery and bottom in inflation EUR/USD has peaked Risk assets have...

Market movers today The US employment report for March will be published later today. Uncertainty is quite high given recent distortions from the bad weather. However, we look for a decent report of...

The Riksbank is expected to cut the repo rate next week or in July. Inflation appears to have dropped slightly further below the Riksbank's forecast in March. Inflation appears to have dropped...

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...

Market Movers ahead After a hectic week on the data front, we enter a slightly quieter period. Inflation will be the main focus in the Nordic economies, especially in Sweden, where inflation is...

Headwinds We now pencil in a rate cut from the Riksbank at the July meeting. In our view, the markets’ probability distribution should favour a scenario where (1) the Riksbank cuts its repo rate...

Risk-on market sentiment and tighter credit indicesEuro rates down after ECB meeting despite no new easing measures being announced Issuers continue to print as ‘sell-side’ warns over...

After more than a month of the Ukrainian crisis completely dominating the agenda for Central and Eastern European markets, the apparent de-escalation of the crisis (see below) could mean that market...

Today, we see the odds slightly in favour of further ECB easing. Our main scenario is a 0.10% cut in the refi rate  to 0.15% (see ECB preview - The balance is set to tilt to more easing ). If the...

Today's main event will be the ECB meeting. The probability of immediate easing from the ECB has declined as indicated by statements from vice president Constancio that "the low figure of inflation in...

The tap auction in the June 2017 bond takes place this week (SGBi3107). We were a bit surprised that the Debt Office decided to tap this bond, as the volume in the new 10Y bond (June 2025) is still...

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, we observe...

We have a light calendar in terms of data releases and markets could be in wait-and-see mode ahead of the ECB meeting tomorrow and the US job report on Friday. The ADP employment report in the US...

Receive belly in 2/5/10 (3M fwd) fly in USD swaps versus paying the belly in a similar fly in EUR swaps. Open ½ position at 54bp with the possibility of another ½ position at 64bp. ...

We see the odds slightly in favour of further ECB easing this week. The Governing Council has discussed more easing at the latest ECB meetings and we think the balance will tilt this time. Our main...