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17 March 2023
524 KB
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- Despite a marked acceleration in euro area labour costs, Bunds followed USTs sharply higher as concerns about banking sector stability persisted.
- Gilts also rallied while a BoE survey reported a notable decline in household inflation expectations.
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17 March 2023
283 KB
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- FOMC preview: another hike despite bank uncertainty
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16 March 2023
268 KB
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- Bunds made sizeable losses as the ECB ignored recent market turmoil to hike its deposit rate by a further 50bps to 3.00%, but the Governing Council offered little guidance on the path ahead.
- Gilts followed the global trend lower on day bereft of UK economic data.
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16 March 2023
156 KB
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- Housing starts: jump in multi-family; marginal increase in single-family
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15 March 2023
243 KB
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- Retail sales: pause in February
- PPI: food prices drop; energy prices ease; continued deceleration ex. food & energy
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14 March 2023
260 KB
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- Bunds followed the global trend notably lower, as they partially reversed yesterday’s massive gains, while Italian IP numbers started the year on the backfoot.
- Gilts similarly made large losses, while UK wage growth moderated slightly amid a still relatively tight labour market.
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14 March 2023
1272 KB
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- SVB collapse in part rooted in pandemic deposit-boom and mismanaged securities portfolios
- Delayed Credit Suisse annual report raises further questions on its ability to clean house
- Primary markets for FIGs and SSAs were highly active at the beginning of the week but sentiment soured as markets were grappling with the SVB fallout
- Secondary market spreads mixed in EUR and wider for USD but expectations for further hikes have been curtailed somewhat, most notably in the U.S.
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14 March 2023
152 KB
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- CPI: underlying inflation remained brisk in February
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