market commentary

KBC Sunset KBC Sunset Tuesday, November 19, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Geopolitics rattled markets otherwise on track for an uninspired trading session. Russian president Putin signed off a revised nuclear doctrine, expanding the conditions for the use of atomic Read more…

Sunrise market commentary KBC Sunrise Tuesday, November 19, 2024 Please click here to read the PDF version Market Commentary Markets •          US Treasuries followed last week’s recipe. Testing the recent low (area; depending on the maturity), but eventually rebounding higher. This time without strong trigger though like Thursday’s Powell speech Read more…

KBC Sunset KBC Sunset Monday, November 18, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          The week started off with some Bund underperformance, both vs US Treasuries and UK gilts. With the front end adding up to 7 bps, European money markets are Read more…

Sunrise market commentary KBC Sunrise Monday, November 18, 2024 Please click here to read the PDF version Market Commentary Markets •          Volatility remains high in the US Treasury market. We believed that Wednesday’s in-line with consensus CPI inflation report could be the start of a consolidation process on the sell-off Read more…

KBC Sunset KBC Sunset Friday, November 15, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Fed chair Powell laying the groundwork for a pause, possibly already in January, caused a late-session sprint in front-end US rates yesterday. In the first part of today’s Read more…

Sunrise market commentary KBC Sunrise Friday, November 15, 2024 Please click here to read the PDF version Market Commentary Markets •          Markets tried to extend the Trump trade yesterday after higher US October producer price inflation and solid (low) weekly jobless claims. They sparked a reaction higher in the dollar Read more…

KBC Sunset KBC Sunset Thursday, November 14, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          More dollar strength pulled EUR/USD to a first 1.05-quote since October 2023, but that level triggered some rebound action higher. It’s only a matter of time though for Read more…

Sunrise market commentary KBC Sunrise Thursday, November 14, 2024 Please click here to read the PDF version Market Commentary Markets •          US October inflation figures printed bang in line with expectations. Headline inflation picked up to 2.6% and core inflation matched September’s 3.3% with clear signs of price stickiness in Read more…

KBC Sunset KBC Sunset Wednesday, November 13, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          October CPI inflation was the first really important US data series for release after the Trump/Republican election victory. Concrete policy measures from the new US administration will decide Read more…

Sunrise market commentary KBC Sunrise Wednesday, November 13, 2024 Please click here to read the PDF version Market Commentary Markets •          US bond yields surged after having had the day off on Monday for Veteran’s Day. Net daily changes varied between 8.7 and 13.1 bps across the curve spectrum as Read more…