Danske Markets

Market movers ahead Some weak indicators are on the cards in the US and the Fed's tone is likely to be on the soft side, which the market has already discounted. Numbers should again confirm low...

Risk markets had a very strong run over the past week. The MSCI World stock index is up 3% and spread compression continued in both euro government markets and corporate credit. We generally see four...

Market Movers In the euro area monetary development will be in focus as credit contraction continues to be one of the key risks to the recovery. Currently the forthcoming Asset Quality Review may be...

The Riksbank. How to trade 'low for longer'? We have a suggestion on a strategic position. What to expect in 10Y ASW spreads.To Read the Entire Report Please Click on the pdf File Below.

The Czech Republic is facing early general elections on 25-26 October after the centre right government of former Prime Minister Petr Necas collapsed in June following a spying and bribery scandal...

Market movers today Focus will be on global PMIs. We expect overall euro area PMIs to increase, thereby confirming the brighter economic outlook within the euro area. The facts that last month's...

The position to be short the belly of June14/15/16 euro was established on 4 October at -55.5bp (link). We close at -44bp. P/L is +11.5bp. The rationale behind the trade was to position for a...

Receive SEK FRA By June 14 at 1.30%. P/L: 1.20%/1.bp/190bp. Roll down: +6.5bp/3m. Protect positions for a soft Riksbank: On Monday, we recommended receiving SEK 5Y5Y and paying SEK 1Y1Y in a risk...

Market movers today The ECB holds a press conference about its Comprehensive Assessment of the banks' balance sheets which includes an Asset Quality Review and stress tests. Focus will be on whether...

Market movers today: The main release is the US employment report for September. The report was compiled just before the shutdown, hence the data should be undistorted. We expect to see a decent...

Receive SEK 5Y5Y and pay SEK 1Y1Y in a risk neutral spread at 176bp. P/L: 155bp/190bp. Roll down: -4bp/m. Money market curve has flattened whereas yield curves remain steep. The recent performance...

This week the scorecard recommends buying the USD, NZD, AUD while selling the GBP, NOK, CHF Last week's sell-off in the USD as a result of the last-minute deal on the US debt ceiling is the key...

Market movers today The main release is US existing home sales, which could give further evidence of the effect on housing from the rise in mortgage rates. ECB's Coeure speaks and he is likely to...

This week's Scandi main events are the monetary policy meetings at Norges Bank and the Riksbank. We do not expect any major changes at either meeting and look for the first rate hikes in both Norway...

The position was established on 28 August, where we recommended selling 6M5Y payers ATM forward (strike 2.10%, spot ref: 1.75%) and buying 6M2Y payers ATM forward (strike 0.85%, spot ref: 0.55%) in a...

Market Movers ahead With the end of the government shutdown in the US the calendar will return to normal. The September employment report will be released next week. The data should be undistorted...