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15 March 2022
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- Bunds made sizeable gains as oil prices fell again, and a survey of investors reported a marked deterioration in perceptions of the economic outlook and a sharp rise in inflation concerns.
- Gilts made more modest gains as the latest UK labour market data suggested increasing tightness supporting the case for another rate hike.
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15 March 2022
151 KB
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- Producer prices: a break in service prices; goods prices continue to climb
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14 March 2022
985 KB
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- More banks disclose details on their exposures to Russia and Ukraine, showcasing manageable levels while highlighting concerns surrounding cyber risk and business retention.
- Primary markets were closed for Euro and Sterling among FIGs while a slew of covered bond issuance highlighted their appeal as a ‘rainy day’ asset class.
- Secondary market spreads for Euro continued to experience headline-driven volatility, with widening across payment ranks, albeit at a significantly lower rate than their USD counterparts.
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11 March 2022
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- Bunds made further modest losses as today’s ECB commentary largely echoed the main messages of yesterday’s hawkish policy decision.
- Gilts were little changed despite an upside surprise to UK GDP growth in January and a BoE survey indicating a big pickup in household inflation expectations for the coming couple of years.
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11 March 2022
371 KB
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- FOMC preview: higher rates in March; looking for guidance thereafter.
- Recession risks: US likely to weather the storm.
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10 March 2022
154 KB
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- CPI: another broad-based increase.
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10 March 2022
538 KB
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- Bunds made big losses and periphery bonds significantly underperformed as the ECB slowed its pace of net purchases in Q2 more abruptly than previously planned, and gave itself an option to end purchases in Q3 and raise rates before year-end.
- Gilts made sizeable gains at the short end of the curve despite surveys suggesting that the UK’s housing and labour markets remain very tight.
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8 March 2022
154 KB
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- International trade: soft exports, firm imports in January; marked widening in the deficit
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