Tuesday, 27 September 2022 Please click here to read the PDF version Markets • We cannot but kick off with the UK again. Aggressive selling in UK bonds and the pound prompted a coordinated response by Treasury and the Bank of England. Markets were all but impressed. UK yields again Read more…
Monday, 26 September 2022 Please click here to read the PDF version Markets • UK (core?!) bonds got an incredible beating on Friday. Markets didn’t take the country’s borrowing and spending spree as presented by Min Fin Kwarteng well. Risk premia (gaping deficits) as well as BoE tightening bets sharply Read more…
Sunset Monday, September 19, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • No mercy for sterling today even as it’s the Queen’s state funeral. Cable is drifting towards Friday’s sell-off low at 1.1350 with EUR/GBP reaching for the 0.88 big figure. General market conditions are Read more…
Sunset Friday, September 9, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • A75 bps rate hike is not the new norm (according to ECB’s Lagarde yesterday at the ECB press conference). Also the Fed pledged to set interest rates in line with incoming economic data. Read more…