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29 April 2022
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- Bunds made significant losses at the short end of the curve as euro area inflation rose again with a particularly steep rise in the core rate.
- Gilts were little changed as UK house price inflation moderated somewhat but a survey suggested stable business sentiment.
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29 April 2022
309 KB
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- FOMC preview: a sizeable interest rate hike and details on QT.
- Q1 GDP: implications for the outlook.
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28 April 2022
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- Q1 GDP: net exports and inventory investment weigh on headline growth.
- Domestic demand: business investment firm; consumer spending moderate; a drag from government spending.
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28 April 2022
435 KB
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- Euro area govvies made sizeable losses as German inflation exceeded expectations in April on higher prices of services, food and other non-energy items, while Spanish core CPI rose to its highest since 1995.
- Gilts also made losses despite the weakest UK car production figures for the month of March since 2009.
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27 April 2022
435 KB
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- Bunds made gains particularly at the shorter end of the curve as surveys suggested a marked deterioration in German and French consumer sentiment.
- Longer-dated Gilts made relatively modest losses despite a downbeat UK retail survey suggesting that sales were well below seasonal norms in April.
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26 April 2022
230 KB
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- Durable goods orders: constraint from aircraft; solid gain in orders ex-transportation
- New home sales: a drop from an upwardly revised reading
- Consumer confidence: restrained by views on the outlook
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25 April 2022
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- Bunds followed USTs higher, even as a Reuters report suggested that a majority of ECB Governing Council members want to end net asset purchases as soon as possible and raise rates no later than September, while the April German ifo survey beat expectations.
- Gilts also made gains while a UK manufacturing survey reported much weaker optimism amid subdued orders and higher prices.
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22 April 2022
616 KB
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- Bunds made losses at the short end of the curve and BTPs underperformed as the April flash PMIs suggested that the boost to GDP from rebounding services activity is more than offsetting manufacturing weakness.
- Gilts made gains as UK retail sales and consumer confidence fell more sharply than expected and the flash April PMIs suggested a moderation of growth momentum in services.
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