-
23 September 2022
293 KB
PDF
- FOMC: more tightening on the way; marked uncertainty regarding the eventual pivot
Share
-
22 September 2022
358 KB
PDF
- Japanese inflation is now at a multi-decade high. But it remains much lower than other major economies, and underlying inflation remains inconsistent with the BoJ’s target.
- The causes are numerous, including cyclical weakness, subdued wage and price expectations, poor demographics and low productivity, some sector-specific factors, and geography.
Share
-
22 September 2022
402 KB
PDF
- Bunds made losses with 10Y yields flirting with 2.00% despite a further deterioration in euro area consumer confidence to a new record low.
- As the BoE raised rates by 50bps, left the door open to larger hikes ahead, and the UK Treasury confirmed the reversal of April’s National Insurance increase, Gilts made sizeable losses with 10Y yields surpassing 3.50%.
Share
-
21 September 2022
458 KB
PDF
- Ahead of the FOMC decision, shorter-dated Bunds followed USTs lower, while a BoF retail survey suggested that sales declined for the third consecutive month.
- Gilts largely also made losses, while UK public sector net borrowing continued to rise as debt interest payments reached a record high for August.
Share
-
21 September 2022
155 KB
PDF
- Existing home sales: seventh consecutive decline
Share
-
21 September 2022
215 KB
PDF
- FOMC: tight alignment in views; more tightening needed; economy resilient
Share
-
20 September 2022
1291 KB
PDF
- Rising countercyclical capital buffers (CCyB) highlight increasing focus on bank capital. ECB is probing effects of gas stoppages on banks’ capital resilience.
- High levels of activity in SSA and FIG primary markets driven by concerns of worsening funding conditions further down the line.
- Secondary market spreads continue to widen across EUR and USD. Last week’s weaker UK data could pave way for 50bps rate hike by BoE.
Share
-
20 September 2022
423 KB
PDF
- Bunds made large losses as German producer price inflation smashed expectations and jumped to a new series high, while the euro area’s current account balance registered a record deficit.
- Ahead of the BoE’s MPC meeting, on a quiet day for top-tier UK economic data, Gilts declined sharply after the Riksbank hiked its policy rate by 100bps.
Share