market commentary

KBC Sunset KBC Sunset Thursday, October 24, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          EUR/USD tested 1.0778 for a second straight session as disappointing French PMI surveys kicked off European dealings. The French composite PMI got stuck deeper in recession territory (47.3 Read more…

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…

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…

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…

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…

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…

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…

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…

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…

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…