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10 June 2022
238 KB
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- Consumer prices: broad-based pressure
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10 June 2022
309 KB
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- FOMC preview: suddenly interesting
- The uncertain effects of QT
- Inflation weighs on consumer attitudes
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9 June 2022
542 KB
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- Bunds sold off and BTPs significantly underperformed as the ECB pre-committed to a 25bps rate hike in July and signalled the strong likelihood of a 50bps hike in September and further tightening thereafter.
- Gilts also made significant losses but a UK housing survey suggested a moderation of momentum in the market.
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8 June 2022
319 KB
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- Bunds reversed yesterday’s gains as euro area GDP growth in Q1 was revised up and German industrial production registered positive growth in April.
- Gilts also made losses as the UK construction PMIs signalled ongoing growth, albeit moderating, in the sector.
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7 June 2022
454 KB
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- Bunds made gains and BTPs rallied as German new factory orders fell for a third successive month in April to a fifteen-month low.
- After 148 of Johnson’s MPs voted against him in yesterday’s no-confidence vote, Gilts also made gains as a BRC survey signalled weak UK retail sales in May but the services PMIs were revised up.
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3 June 2022
312 KB
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- Labour market: losing vigor, but still strong
- The Fed case for soft landing: interesting, but not entirely convincing
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1 June 2022
641 KB
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- As speculation about the next steps for ECB policy persisted, Bunds followed other major government bond markets lower despite a sharp drop in German retail sales.
- Gilts also weakened again following another strong UK shop price survey and bigger-than-expected rise in house prices.
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31 May 2022
549 KB
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- Bunds made further big losses, and Southern European bonds underperformed, as the flash estimate of euro area inflation in May rose above 8% adding to risks of aggressive monetary tightening ahead.
- Gilts also made losses as a UK survey hinted at improved conditions in manufacturing and construction while consumer credit picked up further.
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