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Sunrise market commentary KBC Sunrise Monday, October 14, 2024 Please click here to read the PDF version Market Commentary Markets • The US yield curve finished last week with a little steepening. Net daily changes varied between -0.2 bps (2-yr) to +5.2 bps (30-yr), underpinned by second-tier data including decelerating Read more…
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KBC Sunset KBC Sunset Friday, October 11, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • It’s more of the same today in absence of big events. Slightly below-consensus US PPI data only very briefly triggered a bid in US Treasuries which continued their Read more…
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Sunrise market commentary KBC Sunrise Friday, October 11, 2024 Please click here to read the PDF version Market Commentary Markets • US September inflation printed hotter than expected and contained some important hawkish details such as rising food prices and accelerating supercore services inflation (to an annualized 3mMA of around Read more…
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KBC Sunset KBC Sunset Thursday, October 10, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Data dependency = volatility. Today was a textbook example. The US economic agenda featured September CPI figures and the weekly jobless claims. The former came in at the Read more…
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Sunrise market commentary KBC Sunrise Thursday, October 10, 2024 Please click here to read the PDF version Market Commentary Markets • Yesterday’s risk-on sentiment, Fed comments and the release of the Minutes of the Fed September meeting all contributed to a gradual, but protracted intraday uptrend in US yields. They Read more…
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KBC Sunset KBC Sunset Wednesday, October 9, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets The announcement that Chinese Finance Minister Lan Fo’an will hold a briefing on fiscal policy on Saturday to shore up growth only briefly supported Chinese stocks. They succumbed into Read more…
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Sunrise market commentary KBC Sunrise Wednesday, October 09, 2024 Please click here to read the PDF version Market Commentary Markets • The post payrolls rise in US yields and by extension in yields on other core markets yesterday shifted into a lower gear. Uncertainty whether China (fiscal and monetary) stimulus Read more…
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KBC Sunset KBC Sunset Tuesday, October 8, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • It look that a rather guarded reaction of Chinese investors this morning to recently announced stimulus would set the stage for some kind of a risk-off correction. European Read more…
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Sunrise market commentary KBC Sunrise Tuesday, October 08, 2024 Please click here to read the PDF version Market Commentary Markets • Investors yesterday continued to adapt positions in the wake of Friday’s impressive payrolls beat. The Fed recently indicated that inflation has cooled enough to the turn the focus to Read more…
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KBC Sunset KBC Sunset Monday, October 7, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Friday’s blow-out payrolls still echoed through markets at the start of the new week. Core bond yields add several basis points again with US Treasuries underperforming German Bunds. Read more…