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30 May 2022
488 KB
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- Bunds and other euro area government bonds sold off as the flash German and Spanish estimates of inflation in May significantly beat expectations.
- Gilts followed Bunds lower on a quiet start to the week for UK economic news.
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30 May 2022
1207 KB
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- ECB Financial Stability Review finds deteriorating financial conditions in Eurosystem
- No adjustment to TLTRO deposit tiering multiplier expected as forthcoming ECB rate hikes will largely mitigate hit to bank profitability once favourable funding conditions end in late June
- Primary market activity sees sovereign issuers return to markets while FIG issuance extends into sub debt category. Secondary market spreads tighten for both EUR and USD bonds outstanding
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27 May 2022
575 KB
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- Longer-dated Bunds followed USTs higher while data suggested a slowing in longer-term lending to euro area businesses.
- Gilts also made gains on a day with no top-tier UK data releases.
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27 May 2022
221 KB
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- Consumer inflation: energy prices ease, food prices surge, core rises moderately
- Real consumer spending: a strong advance in April sets the stage for firm growth in Q2
- International trade: sharp narrowing in goods deficit
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27 May 2022
372 KB
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- U.S. economy: favorable prospects for Q2 after a slow Q1...
- ...bigger challenges thereafter
- QT: unwinding a massive program
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26 May 2022
421 KB
PDF
- Gilts made losses as the UK government belatedly announced new fiscal support for households to cope with the impact of higher energy prices, part-funded by a levy on oil and gas firm profits.
- Bunds largely made losses but BTPs made gains even as Italian consumer confidence improved.
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26 May 2022
158 KB
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- Revised Q1 GDP: consumer spending revised upward; downward adjustments elsewhere
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25 May 2022
151 KB
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- Durable goods orders: modest gain in April; little net change in 2022 thus far
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