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5 December 2022
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- HSBC Canada sale to RBC will free up capital but won’t quell shareholder’s demands for business break-up unless the group becomes consistently more profitable
- Council of Europe Development Bank raises new paid-in capital to address succession of crisis
- Primary market activity for FIGs and SSA slows but benign conditions allow for 2023 pre-funding. FIG lenders, including sub-investment grade issuers, are able to place otherwise challenging sub-debt trades. Secondary market spreads continue to tighten for EUR and USD
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2 December 2022
527 KB
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- Bunds followed USTs lower despite a larger than expected moderation in euro area producer price inflation in October.
- Gilts also made losses on a quiet end to the week for UK economic news.
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2 December 2022
199 KB
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- Employment: firm payroll growth; jump in hourly earnings
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2 December 2022
498 KB
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- The U.S. labour market: a few cracks; no meaningful breakage
- Inflation: a new metric to guide Fed decisions
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1 December 2022
525 KB
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- While the euro area unemployment rate dropped to a new series low, Bunds rallied hard as German retail sales slumped.
- Gilts also made gains as a BoE survey reported a moderation in inflation expectations and UK house prices fell by more than expected.
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30 November 2022
503 KB
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- Despite a larger than expected decline in euro area headline inflation in November, Bunds made losses as core inflation remained at the series high.
- Gilts also fell as a UK survey suggested another jump in shop price inflation to a record high in November.
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30 November 2022
111 KB
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- Powell suggests that the pace of tightening will slow...
- ...but so what?
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29 November 2022
503 KB
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- Bunds made gains as flash estimates of German and Spanish inflation fell back in November, and the Commission’s consumer price expectations index fell to a 19-month low.
- Gilts also rose as UK mortgage approvals slumped in October and a lack of demand for consumer credit suggested ongoing subdued spending.
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