Thursday, 16 March 2023 Please click here to read the PDF version Markets • Tuesday’s trading session and yesterday’s Asian session both suggested that the US government & Fed’s combined measures to limit the fallout from the Silicon Valley Bank and Signature Bank’s collapse managed to restore market confidence. This Read more…
Sunset Wednesday, March 15, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • News this morning of a major Credit Suisse shareholder ruling out a capital injection in the ailing Swiss bank not only rekindled a still lingering fire, it fanned it into an roaring blaze. Read more…
Wednesday, 15 March 2023 Please click here to read the PDF version Markets • Volatility on especially rate markets remained high yesterday. Markets in the end erased part of the fallout of the SVB and Signature Bank collapse & government deposit bailout. The jury is still out on whether these Read more…
Sunset Monday, March 13, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • During the weekend, US authorities took steps to restore confidence in the US financial system after the collapse of Silicon Valley Bank (SVB). They included full protection for all depositors of SVB (and Read more…
Thursday, 9 March 2023 Please click here to read the PDF version Markets • US and European interest rate markets diverged further yesterday. German/EU yields didn’t see much spill-over from Tuesday’s sharp post-Powell repositioning in US markets. The German curve inverted further (2-y yield up 2.5 bps, 30-y minus 6.4 Read more…
Sunset Friday, November 18, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Yesterday, Fed’s Bullard pushed back on recent ‘dovish’ market pricing as he said it is necessary for the Fed policy rate to be raised at least to at least 5.00/5.25%. ECB’s Lagarde in Read more…
Friday, 28 October 2022 Dear reader, There will be no KBC Economics Markets reports on Monday October 31 and Tuesday November 01. Please click here to read the PDF version Markets • The ECB hiked its policy rates by another 75 bps yesterday, bringing the total effort to 200 bps Read more…
Sunset Thursday, October 27, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The ECB raised its key policy rates by the expected 75 bps for a second time straight. The deposit rate now stands at 1.5%. The statement contained some dovish twists compared to the Read more…
Thursday, 27 October 2022 Please click here to read the PDF version Markets • This week’s correction higher in core bonds continued yesterday. The Bank of Canada’s decision to “only” hike by 50 bps (see below) added to the case that the Fed could do the same from December against Read more…
Sunset Wednesday, September 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The heavy UK Gilt sell-off triggered a response by the Bank of England. They consider the repricing, especially at the very long end of the curve, as a material risk to UK financial stability Read more…