Danske Markets

Following the Fed meeting, both rates and volatility have moved lower. This has has benefited our recommendations to be short gamma vol. We now recommend booking profit on the following positions. ...

Market movers ahead: After the German election over the weekend, Angela Merkel is expected to continue as Chancellor, but a broad CDU/CSU-SPD coalition seems to be the most likely outcome. We...

Market MoversThe Fed surprised the markets yesterday as it did not reduce the monthly bond buying -- basically, the recent tightening of financial conditions will be not allowed to continue given the...

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 now expect Finnish GDP to fall 0.7% in 2013 but we maintain our forecast of 1.5% growth in 2014. Finnish GDP increased by 0.2% q/q in Q2 13, according to preliminary data. Thus, after four quarters...

Market movers today German ZEW expectations will show a strong improvement in September according to our model, which is primarily driven by the Sentix index. The consensus expectation is for a...

Buy SGBi3107 vs SGB1051 in a BEI spread, hedge by rec. 4y EUR swaps @ 34bp (145bp and 1.11%). P/L: 65bp/15bp. Carry: +12bp/3m (our CPI forecast). Half the risk in the EUR swap. Short-end BEIs are...

We expect the Fed to start tapering at the FOMC meeting this week. We expect a very gradual start with only 10bn reduction in the purchases. On top of tapering, the meeting will include a lot of...

The latest IMM data covers the week from 4 September to 10 September. The week to 10 September saw another cutback in EUR longs as investors turned to USD, GBP, and a range of the commodity...

New research from Danske Bank Markets The main event in the Scandi market this week will be the Norges Bank meeting. Given the recent rise in inflation and weakening of the NOK focus is on changes to...

Market movers today This morning ECB president Mario Draghi speaks at an SME conference in Berlin, and ECB board member Praet speaks at a conference on the Global Reform of Financial Regulation and...

This week the scorecard recommends buying JPY, AUD, and CAD while selling NOK, SEK, and GBP. The JPY was the only currency in the G10 sphere to decline against the USD in the week ending Friday,...

In the Bavarian state elections, CSU, the Bavarian sister party of Angela Merkel's CDU, won 49% of the votes - enough to secure an absolute majority. In 2008 CSU only got 43% of votes. On the face of...

More potential in going short SGB1052 ASW Since mid-June we have recommended buying SGB1049 ASW vs selling SGB1057 ASW. During the bear market, SGB1057 ASW tightened significantly. The spread is now...

Market movers ahead We expect the Fed to initiate the tapering of the QE programme at next week's FOMC meeting. We expect a reduction in treasury purchases of $10 billion. Ben Bernanke is expected to...

Review During the past month, global economic data surprised positively. Economic indicators for the eurozone signal a continued improvement for the remainder of 2013 and going into 2014. In the US,...