Danske Markets

We recommend positioning for a spread compression between Swedish and European swap rates following the weak inflation data out of Sweden, as we believe this will lead the Riksbank to cut its Repo...

The Bank of England will release its November inflation report and we expect revisions to higher GDP growth and lower inflation. Its forecasts for unemployment will probably attract the most attention...

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...

NOK/SEK Supported By Relative Yields‏On the back of today’s inflation shock (not least for the Riksbank) we have revised our call on the Riksbank and now expect a 25bp rate cut in December....

Receive RIBA March 14 and/or 6 Month STINA Steepen 5s10s Do carry trades in covered bonds, hedge with BEI spread Receive SEK 5Y versus EUR In our latest weekly (Reading The Markets – Sweden),...

UK CPI, which is one of the important indicators in Bank of England's forward guidance, will be released today and it is expected to decline from the previous level of 2.7% as the big increase in...

Money market rates, swap interest rates and government bond yields are edging slightly higher. Higher interest rates appear to reflect mainly a conscious decision by People's Bank of China (PBoC) to...

The latest IMM data covers the week from 29 October to 5 November. Speculative investors scaled back on long EUR, GBP and CHF positions and bought USD in the week ending 5 November. In particular,...

This week the scorecard recommends buying NOK, CHF and CAD while selling AUD, EUR and NZD. The NOK was sold off significantly at the end of last week without any important news out of Norway....

Today we have a light calendar with only few releases. The euro area peripheral countries could get some attention with Italian industrial production expected to increase after two months of decline. ...

In Sweden our forecasts for CPI and CPIF inflation are weaker than what the Riksbank expects. If right, it will put additional pressure on the Riksbank to cut the policy rate. We we can almost...

The data released for October on balance was better than expected and suggests the moderate recovery continued into Q4. The Industrial production data so far suggest that GDP growth in Q4 will...

China will release most hard economic data for October and we expect this to confirm that the economy is in a moderate recovery. At the Third Plenary Session of the Central Committee of China's...

The sharp decline in euroarea inflation has led to a return of the deflation ghost and fears that the euroarea economy could end in a deflation trap like Japan and a prolonged period of very weak...

Main focus will be on US nonfarm payrolls. However, since the data are likely to be distorted by the government shutdown the market may react less to it. If anything, the reaction could be a bit...

Rates lower following the refi rate cutThe decision by the ECB to cut the refi rate by 25bp to 0.25% ignited a relatively strong rally in the front end of the swap curve. 1y fwd rates initially...