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11 October 2022
454 KB
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- While the UK labour market remained very tight amid a further decline in participation, Gilts made gains apart from at the long end of the curve, as the BoE expanded the scope of its purchase operations to include index-linked bonds and postponed its sales of corporate bonds.
- Bunds followed Gilts higher but BTPs made losses despite some stronger-than-expected Italian IP data.
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7 October 2022
155 KB
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- Employment: decelerating, but still respectable
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7 October 2022
548 KB
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- Bunds made losses as German IP data missed expectations while euro area household inflation expectations remained stable but firmly above-target.
- Gilts also made losses despite a survey suggesting a softening of UK labour market conditions.
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7 October 2022
327 KB
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- The labour market: a hint of softer demand; still-tight supply
- New policymakers at the Fed: they seem to be on board with tightening (for now)
- Is policy restrictive?
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6 October 2022
481 KB
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- Bunds made big losses as the account of the ECB’s most recent policy meeting confirmed that some members advocated a 50bps hike, while German factory orders and euro area retail sales declined in August.
- As UK pension funds appeared to continue to unwind positions before the BoE’s backstop is removed, Gilts also made big losses as surveys reported a rise in firms’ inflation expectations and a pickup in construction activity.
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5 October 2022
222 KB
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- International trade: sharply narrower deficit thus far in Q3
- ISM services: a solid performance amid slowing growth
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5 October 2022
453 KB
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- Bunds followed USTs lower while Germany registered its smallest goods trade surplus since 1992 and the euro area services PMIs pointed to a significant slowdown since the early summer.
- Gilts also made losses while the UK’s services PMIs signalled stagnation amid rising price pressures.
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4 October 2022
218 KB
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- Job openings: exiting the stratosphere
- Factory orders: durables dip; petroleum orders restrain nondurables
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