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19 October 2022
508 KB
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- Despite a slight downside revision to euro area inflation in September, Bunds followed USTs lower.
- While UK inflation rose back into double-digits, Gilts made gains.
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17 October 2022
538 KB
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- Gilts rallied hard as new UK Chancellor Hunt cancelled most of PM Truss’s planned tax cuts and also his intention to reduce the generosity of the government’s support for household energy bills from April on.
- Bunds followed Gilts higher while European natural gas prices fell to the lowest since mid-June on expectations of new EU policy interventions in the market.
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14 October 2022
151 KB
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14 October 2022
413 KB
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- Bunds made losses while the euro area trade deficit hit a new record high.
- Gilts made bigger losses as Liz Truss fired her Chancellor, reverted to increasing corporation tax, but still left uncertainty about the UK fiscal outlook and appeared to remain extremely lacking in market and political credibility.
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14 October 2022
356 KB
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- Consumer inflation: relief in the pipeline?
- Recent Fed quotes: insights into the (far off) pivot
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13 October 2022
151 KB
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- CPI: energy prices ease; food prices jump; broad pressure in core
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12 October 2022
155 KB
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- PPI: food and energy misbehave; pressure ex food and energy eases
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12 October 2022
491 KB
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- Bunds made losses while euro area IP rebounded in August as supply bottlenecks eased, but production by energy-intensive manufacturers fell.
- Shorter-dated Gilts made sizeable gains as UK GDP fell more than expected in August to be on track for a non-negligible contraction in Q3; longer-dated Gilts pared back earlier big losses as the BoE stepped up its buying but maintained a threat to exit the market at the end of the week.
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