Market Commentary

KBC Sunset KBC Sunset Tuesday, March 11, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Bunds continued their underperformance vs US Treasuries as well as against swap. German rates add another 4 bps in a bear steepening move that’s still the result of Read more…

Sunrise market commentary KBC Sunrise Tuesday, March 11, 2025 Please click here to read the PDF version Market Commentary Markets •    There were hardly any (US) data with market moving potential yesterday. If anything, the NY Fed 1-year inflation gauge again drifted marginally higher (3.13%). US officials, including Donald Read more…

KBC Sunset KBC Sunset Monday, March 10, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Odds this morning were for markets to take a slow start to the new trading week after last week’s sharp (divergent) repositioning on both sides of the Atlantic. Read more…

Sunrise market commentary KBC Sunrise Monday, March 10, 2025 Please click here to read the PDF version Market Commentary Markets •          US payrolls were decent across the board but missed the bar by a slight margin. It triggered only a minor kneejerk upleg in US Treasuries, suggesting some fatigue creeping Read more…

KBC Sunset KBC Sunset Friday, March 7, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          US February payrolls and Chair Powell’s after-European-close speech wrap up a hectic week. The former showed US employment growing by 151k, more or less in line with the Read more…

Sunrise market commentary KBC Sunrise Friday, March 7, 2025 Please click here to read the PDF version Market Commentary Markets •          Main action on the German/European yield curve remained centered at the long end of the curve in the wake of Germany fiscal “whatever it takes”. German yields added up Read more…

KBC Sunset KBC Sunset Thursday, March 6, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          The ECB cut its policy rate as expected by 25 bps with the deposit rate hitting 2.5%. The decision wasn’t unanimous, but there was no opposition neither. Hawkish Read more…

Sunrise market commentary KBC Sunrise Thursday, March 6, 2025 Please click here to read the PDF version Market Commentary Markets •          German chancellor-to-be Merz’s fiscal whatever it takes triggered the biggest one-day move in the German 10-yr yield (+29.8 bps) since the reunification in 1990. It tells you something about Read more…