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23 February 2022
427 KB
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- Bunds made losses at the short end of the curve, but made gains at the long end, as euro area inflation was confirmed at a series high but German consumer confidence deteriorated to a nine-month low.
- Gilts made gains at the short end as dovish BoE MPC member Sylvia Tenreyro said that “only a small amount of policy tightening” is required.
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22 February 2022
484 KB
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- Bunds made losses as initial financial sanctions against Russian interests underwhelmed and the latest ifo survey signalled a broad-based improvement in German business optimism.
- Gilts also made losses as a CBI survey suggested a further increase in UK manufacturers’ price expectations and the public finances improved further despite a big pickup in government debt interest payments.
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21 February 2022
1066 KB
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- Banks 2022 funding plans close to 2021 levels despite uncertain outlook.
- Primary markets remained active last week with mostly core FIG and SSA names.
- On top of concerns about inflation and monetary policy, geo-political tensions have also started to weigh on funding conditions.
- Risk indicators reached 52-week highs, pushing wider EUR and USD secondary market spreads.
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21 February 2022
600 KB
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- While euro area equities fell as concerns about Ukraine persisted, Bunds made losses as the flash euro area PMIs signalled a rebound in services activity but also record price pressures in the sector.
- Gilts also made losses as the flash UK PMIs pointed to a marked acceleration in UK economic activity in February.
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18 February 2022
153 KB
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- Existing home sales: firm in January; upper end of elevated range.
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18 February 2022
658 KB
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- Bunds made gains as concerns about events in Ukraine intensified and euro area consumer confidence fell to an eleven-month low.
- Gilts made significant gains as the rise in UK retail sales in January failed to reverse half of the decline in December.
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18 February 2022
318 KB
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- A possible Fed put? Not this time.
- Potential inflation brakes: perhaps not so forceful.
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17 February 2022
152 KB
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- Housing starts: easing from an elevated level.
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