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17 February 2023
303 KB
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- Consumer prices: numerous “transitory” changes; still-brisk underlying pace
- Will slow money growth tame inflation?
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16 February 2023
226 KB
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- Housing starts: drops in both multi and single-family activity
- Producer prices: broad-based pressure
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15 February 2023
303 KB
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- Bunds followed USTs lower despite today’s data confirming the further retrenchment in euro area energy-intensive manufacturing production, as well as a slump in goods exports at the end of 2022.
- Gilts made sizeable gains as UK inflation surprised on the downside at the start of 2023, with core inflation down to the lowest rate since June.
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14 February 2023
151 KB
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- CPI: little additional deceleration
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14 February 2023
434 KB
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- Bunds made losses as data confirmed another firm rise in euro area employment in Q4 and ECB hawks continued to flag the possibility of another “significant” rate hike in March.
- Gilts made sizeable losses as strong growth in UK regular wages increased expectations of further near-term BoE monetary tightening.
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13 February 2023
1172 KB
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- Further 4Q22 earnings results of European banks continue to be mostly positive, with Credit Suisse the big outlier, underperforming relative to already low expectations
- Primary market activity was busy for SSAs and FIGs. DCME supported two SSA transactions last week while FIGs continue to take advantage of benign conditions to move into riskier sub-debt
- Secondary market spreads widened somewhat, particularly in EUR while USD held relatively firm. The week ahead brings a number of key UK economic data releases and more bank earnings
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10 February 2023
576 KB
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- Gilts made significant losses as UK GDP failed to contract in Q4 despite a non-negligible drop in December.
- While a hawkish Governing Council member suggested that the ECB could end Asset Purchase Programme reinvestments in Q3, Bunds also made losses on a quiet day for euro area economic data.
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10 February 2023
313 KB
PDF
- The inflation fight: will the Fed win?
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