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21 June 2023
302 KB
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- Gilts sold off once again as the UK’s May inflation data exceeded expectations with the core CPI rate rising to a new three-decade high.
- Bunds also made losses while euro car registrations once again posted solid growth.
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20 June 2023
278 KB
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- Housing Starts: jump in May; new cycle high for multi-family building; stabilizing single-family activity
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16 June 2023
359 KB
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- Bunds made gains particularly at the longer end of the curve and BTPs outperformed as euro area labour cost growth moderated and various measures of euro area underlying inflation improved slightly.
- Gilts made losses despite a moderation in UK inflation expectations.
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15 June 2023
343 KB
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- Retail sales: modest increase in May
- Industrial production: pickup in manufacturing, declines in mining and utility output
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15 June 2023
273 KB
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- Bunds made significant losses as the ECB raised rates by 25bps, signalled the likelihood of further tightening to come, and revised up its forecast for core inflation.
- Shorter-dated Gilts followed Bunds lower on a quiet day for UK economic data.
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14 June 2023
286 KB
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- 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.
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14 June 2023
298 KB
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- FOMC: steady in June, but biased toward additional hikes
- FOMC forecasts: median projections for core inflation and growth increased
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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.
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