Market Commentary

KBC Sunset KBC Sunset Friday, October 4, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          US payrolls hit a home run. Literally every bit of the report was outright strong and topped estimates: from employment growth in the establishment survey over details in Read more…

Sunrise market commentary KBC Sunrise Friday, October 04, 2024 Please click here to read the PDF version Market Commentary Markets •          This week’s US data was supposed to be key input for markets to make up their mind on the amount of Fed easing in November. Data released earlier this Read more…

KBC Sunset KBC Sunset Thursday, October 3, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          An interview of BoE Governor Bailey in The Guardian changed (relative) prospects for UK yield markets and sterling. Until now, markets expected the BoE to keep a cautious Read more…

Sunrise market commentary KBC Sunrise Thursday, October 03, 2024 Please click here to read the PDF version Market Commentary Markets •          Core bonds reversed the safe-haven triggered gains of Tuesday. US yields rose by 3.7 bps (2-yr) to 5.8 bps (30-yr) while German yields rose by 1.9 bps (2-yr) to Read more…

KBC Sunset KBC Sunset Wednesday, October 2, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Oil markets show some of the biggest swings today. Brent rose as much as 3.5% before paring gains to 2.7% currently in response to Iran’s missile attack on Read more…

Sunrise market commentary KBC Sunrise Wednesday, October 02, 2024 Please click here to read the PDF version Market Commentary Markets •          German Bunds outperformed US Treasuries yesterday. German yields closed 4.8 bps (2-yr) to 9.8 bps (30-yr) lower. The curve move was at least partly inspired by technical reasons (acceleration Read more…

KBC Sunset KBC Sunset Tuesday, October 1, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          A series of weaker-than-expected national inflation figures culminated in the first sub 2% European-wide reading for September today. The 1.8% y/y outcome was the lowest since April 2021 Read more…

Sunrise market commentary KBC Sunrise Tuesday, October 01, 2024 Please click here to read the PDF version Market Commentary Markets •          Fed Chair Powell implicitly defended the base case as set out in the updated September dot plot. This year’s median suggested an additional 50 bps of cumulative Fed rate Read more…

KBC Sunset KBC Sunset Monday, September 30, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets With national German (and Italian) inflation data, an appearance of ECB present Christine Lagarde before the EU Parliament and Fed Chair Powell speaking before the National Association of Business Read more…