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Sunrise market commentary KBC Sunrise Thursday, October 24, 2024 Please click here to read the PDF version Market Commentary Markets • German Bunds significantly outperformed US Treasuries yesterday, especially at the front end of the curve. The German 2-yr yield lost 7.2 bps compared with a 4.7 bps increase for Read more…
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KBC Sunset KBC Sunset Wednesday, October 23, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Yesterday’s ECB comments coming from Washington (IMF World Economic Outlook) almost exclusively sounded dovish. The disinflation process is running faster than hoped, downside growth risks might accelerate the Read more…
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Sunrise market commentary KBC Sunrise Wednesday, October 23, 2024 Please click here to read the PDF version Market Commentary Markets • Core bonds closed near/below Monday’s sell-off lows despite a very brief intraday rebound attempt. US yields closed up to 2 bps higher at the front end with German yields Read more…
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KBC Sunset KBC Sunset Tuesday, October 22, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Markets initially followed a similar scenario yesterday. Even as there was little in the way of hard economic news, US and EMU yields tried a next step north. Read more…
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Sunrise market commentary KBC Sunrise Tuesday, October 22, 2024 Please click here to read the PDF version Market Commentary Markets • US yields closed this week’s opening session 8.3 bps (2-yr) to 11.3 bps (10-yr) higher. For the US 2-yr yield, it was the highest close since mid-August and above Read more…
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KBC Sunset KBC Sunset Monday, October 21, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Core bonds are dropping at the start of the week and no one really knows why. It’s obviously not the constructive risk environment. European stocks shed about 1% Read more…
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Sunrise market commentary KBC Sunrise Monday, October 21, 2024 Please click here to read the PDF version Market Commentary Markets • European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, Read more…
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KBC Sunset KBC Sunset Thursday, October 17, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • This morning the ‘official’ ONS UK September retail sales for the second consecutive month beat expectations by quite a substantial margin. Headline sales rose by 0.3% M/M and Read more…
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Sunrise market commentary KBC Sunrise Friday, October 18, 2024 Please click here to read the PDF version Market Commentary Markets • Second tier US economic data outgunned yesterday’s ECB meeting. Strong retail sales, lower-than-expected weekly jobless claims and a sharp rebound in the Philly Fed business outlook sparked a test Read more…
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KBC Sunset KBC Sunset Thursday, October 17, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the Read more…