-
24 April 2023
415 KB
PDF
- Shorter-dated Bunds made losses as ECB hawk Schnabel reiterated that another 50bps hike was possible in May, while the Bundesbank revised up its assessment of Germany’s economic performance in Q1.
- Gilts also made losses on a quiet day for UK economic data.
Share
-
21 April 2023
647 KB
PDF
- Bunds made losses as the flash euro area PMIs suggested strengthening economic growth momentum led by services.
- Despite a drop in UK retail sales, Gilts made losses at the short end of the curve as the flash UK PMIs also beat expectations to point to strengthening demand, and as consumer confidence rose to a 14-month high.
Share
-
20 April 2023
449 KB
PDF
- Despite a further improvement in consumer confidence to the best level since Russia’s invasion of Ukraine, and a sharp narrowing in the euro area’s goods trade deficit to a 16-month low, Bunds followed USTs higher.
- On a quiet day for UK economic news, Gilts also made significant gains.
Share
-
19 April 2023
519 KB
PDF
- Bunds made losses while the rise in euro area core inflation in March was confirmed and data also suggested that construction activity provided a boost to euro area GDP in Q1.
- Gilts made much bigger losses as, contrary to expectations, UK CPI inflation remained in double-digits and core inflation failed to fall.
Share
-
18 April 2023
265 KB
PDF
- Shorter-dated Bunds made modest gains even as the German ZEW survey suggested that investors were more downbeat regarding the outlook.
- Despite a rise in the UK unemployment rate, and further declines in inactivity and vacancies, Gilts made losses as pay growth exceeded expectations.
Share
-
18 April 2023
157 KB
PDF
- Housing starts: multi-family building eased but remained elevated; single-family activity rose modestly
Share
-
14 April 2023
341 KB
PDF
- CPI: hints of moderation, but still insufficient to meet price stability mandate
- Inflation data, and comments by Fed officials, suggest no near-term pivot
- Friday data: retail sales & industrial production ease
Share
-
13 April 2023
651 KB
PDF
- Gilts were little changed, while UK GDP failed to grow in February as strikes hit public services and factory output remained subdued.
- Bunds were also little changed as a Reuters report suggested that ECB policymakers are “converging” on a 25bps rate hike in May while euro area IP data for February beat expectations and the rise in German core inflation in March was confirmed.
Share