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28 February 2024
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- Bunds made modest gains as the European Commission’s economic sentiment survey reported a deterioration in business confidence and a moderation in firms’ selling-price expectations.
- Gilts were mixed on a quiet day for economic news from the UK.
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27 February 2024
299 KB
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- Bunds made modest losses even as German and French consumer confidence remained low and consistent with lacklustre consumer spending, while euro area bank lending remained subdued too.
- Gilts also followed USTs lower even as a UK survey suggested that shop price inflation fell to its lowest since March 2022.
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26 February 2024
572 KB
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- Rate cuts and development of new market segments will support ESG bond market growth in 2024
- Blue and orange bonds have potential to leave their mark as growth parameters are in place. ESG ratings will soon be more highly regulated and transparent but not necessarily more comparable
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26 February 2024
345 KB
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- New home sales: pickup from downward-revised pace
- Inventory of unsold homes: elevated from longer-term perspective
- Prices: off recent highs but well-above pre-pandemic norms
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23 February 2024
342 KB
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- Despite some mixed commentary from ECB Governing Council members, Bunds made gains as the ifo survey suggested that the German economy remains in recession.
- Gilts also rose as a UK consumer confidence survey disappointed expectations and suggested that purchase intentions remained subdued.
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22 February 2024
337 KB
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- Shorter-dated Bunds made losses as the flash euro area PMIs beat expectations, but the German composite PMI implied a steeper pace of contraction, while final euro area inflation figures suggested a further slowing in momentum.
- Gilts had a mixed performance, even as the flash February PMIs signalled an accelerated pace of recovery and persisting services price pressures.
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21 February 2024
254 KB
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- Bunds followed USTs lower, even as the Commission’s flash consumer confidence survey saw only a modest improvement in February.
- Gilts also made losses as the latest UK public finances data flagged additional fiscal headwind and reinforced expectations that tax cuts will be announced in the Budget next month.
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20 February 2024
265 KB
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- Bunds followed USTs higher even as the ECB’s measure of negotiated wage growth moderated only slightly in Q4 to be still more than double the long-run average, while euro area construction output unexpectedly rose in December.
- Gilts also made gains on a quiet day for UK economic releases.
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