Danske Markets

The latest IMM data covers the week from May 1 to May 7.The rise in not least U.S. yields manifested itself in a massive unwinding of longs in 10-Year bonds in the week to May 7. Investors thus seem...

Swedish April inflation is usually not a particularly volatile event and this time is no exception. We expect both CPI and CPIF to print 0.1% m/m. Looking at the inflation rates, we expect a bottom...

This week, the scorecard recommends buying JPY, SEK and EUR while selling AUD, USD and NZD (see suggested weights in portfolio in table below). Last week’s JPY sell-off seems overdone according...

G7 meeting focused on Japan and the weak yen.Fed's exit plan is back on the agenda.Tax hike likely to weigh on U.S. retail sales today.Markets Overnight In connection with the G7 finance...

This month, we will see small index duration changes on the ordinary rebalancing day on May 13. Some longer dated mortgage bonds have been issued, affecting OMRX-MORT and OMRX-MORT ALL. Also, as the...

A central market theme remains concerning the potential spill-over effect of the aggressive Japanese quantitative easing programme. It is still early days for the BoJ program, and it will take time...

Four-week average of U.S. jobless claims lowest since November 2007.Focus turns to debate within FOMC on whether to slow down or expand the pace of stimuli.USD/JPY breaks above 100, the first time in...

Russia: Slower GDP growth and easing inflation make room for rate cutsWe have downgraded our GDP forecast for Russia for 2013 to 2.9% (previously 3.4%) due to sluggish growth performance in the first...

Summary and outlook The global recovery stalled in April. Momentum in OECD’s leading indicator was flat. PMIs were soft in the U.S., China and Europe. The data is in line with the expectation of...

Asian equity markets follow the positive trend from Wall Street yesterday as Chinese export data surprise on the upside.In Europe semi-core and peripheral government bond markets continue their strong...

Open position @ +48.5bp. Potential target @ +32bp, stop @ +58bp, Indicative carry: +2.6bp in 3M. The 2s10s curve has steepened whereas the FRA curve has remained flat The 2s10s curve (both...

This overview gives a brief presentation of the main aspects of the euro area economy.The euro area came into existence on 1 January 1999 when the euro was officially launched in 11 EU member states....

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 expect the Bank of England (BoE) to remain on hold at Thursday's Monetary Policy Committee (MPC) meeting (13:00 CET).While it is still too early to declare that a sustainable recovery is underway,...

S&P500 hit another all-time high. The US stock market is boosted by growth optimism and easy US monetary policy.ECB chief Mario Draghi said the ECB could ease monetary policy if incoming data...

The Czech economy remained in recession throughout 2012, with GDP contracting on average by 1.2% y/y. The main drag on growth last year was private consumption, which was hit by austerity measures...