-
14 June 2023
286 KB
PDF
- Bunds made losses as euro area industrial production returned to growth in April thanks to a rebound in Ireland.
- Gilts made gains as an increase in UK GDP in April merely left it on a broadly sideways trend.
Share
-
14 June 2023
298 KB
PDF
- FOMC: steady in June, but biased toward additional hikes
- FOMC forecasts: median projections for core inflation and growth increased
Share
-
13 June 2023
291 KB
PDF
- Bunds made losses even as German CPI inflation was confirmed at a 15-month low and the ZEW investor survey offered mixed messages.
- Gilts made massive losses as UK employment and pay growth exceeded expectations, supporting the case for further significant monetary policy tightening.
Share
-
13 June 2023
291 KB
PDF
- Consumer prices: energy prices drop; food up modestly; firm increase in core
- Today’s CPI report unlikely to prompt a hike at tomorrow’s FOMC meeting
Share
-
12 June 2023
303 KB
PDF
- FOMC Preview: pause in June but additional hikes possible later this year
Share
-
12 June 2023
605 KB
PDF
- ECB quantitative tightening and loss of TLTRO funding poses funding dilemma for Italian banks
- SSAs returned to USD funding, taking advantage of favourable cross-currency swaps in addition to sizeable EUR transactions. FIGs saw continued strong demand for both senior and subordinated trades across a variety of currencies (EUR, USD, GBP). Shorter tenors continue to prevail
- Secondary market spreads were mostly tighter for EUR and USD. Tightening was more pronounced in medium-longer tenors, with the Tier 2 segment improving the most, encouraging further issuance
Share
-
8 June 2023
377 KB
PDF
- Bunds made gains as euro area Q1 GDP was revised to confirm a very mild technical recession at the turn of the year.
- Shorter-dated Gilts also made gains as the REC survey suggested a further easing in UK labour market tightness.
Share
-
7 June 2023
155 KB
PDF
- International trade: sharp widening in the monthly trade deficit
- Real goods trade: negative implications for Q2 GDP
Share