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27 June 2022
151 KB
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- Durable goods orders: nominal bookings advance
- Equipment spending likely drag on GDP growth in Q2
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24 June 2022
571 KB
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- Bunds made losses as Germany’s ifo survey signalled stable business conditions at the end of Q2 but growing expectations of recession ahead.
- Gilts also made losses even though UK retail sales fell to a 14-month low and consumer confidence hit a series low.
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24 June 2022
156 KB
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- New home sales: a modest rebound, but decreased affordability remains a key headwind
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24 June 2022
314 KB
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- Price pressures: demand side versus supply-side
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23 June 2022
509 KB
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- Bunds rallied as the flash euro area PMIs missed expectations, signalling a notable slowdown in economic activity amid a reported drop in demand.
- Gilts also made big gains as the flash UK PMIs suggested a weakening in new orders, while public borrowing rose above expectations due to a marked impact of high inflation on debt interest payments.
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22 June 2022
494 KB
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- Bunds rallied as euro area consumer confidence fell to the second-lowest level on the series.
- Gilts also made big gains as UK CPI inflation inched to a new multi-decade high but core inflation fell for the first time in eight months.
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20 June 2022
502 KB
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- Bunds made losses as German producer price inflation rose to a new series high, while French OATs underperformed only slightly after Macron lost his party’s national assembly majority.
- Gilts also made losses, as external MPC member Catherine Mann reiterated her preference for a faster pace of BoE rate hikes to tackle growing inflationary pressures, not least those related to sterling weakness.
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20 June 2022
994 KB
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- According to EBA data, FIG issuers still have MREL shortfalls to contend with. Paired with volatile market conditions and spread widening, this may impact issuance strategies over coming quarters
- Primary market issuers mostly stayed away from markets over the past week as they digested monetary policy decisions by the ECB, Fed, SNB and BoE
- Secondary market spreads and CDS price indicators continued to go wider across EUR and USD
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