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KBC Sunset KBC Sunset Thursday, May 22, 2025 Daily Market Overview Click here to read the PDF-version of this report Markets • The flash EMU May PMI’s disappointed. After hovering just north of the 50 level that separates growth from contraction in the first four months of the year, it Read more…
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Sunrise market commentary KBC Sunrise Thursday, May 22, 2025 Please click here to read the PDF version Market Commentary Markets • Yesterday’s US 20-yr $16bn bond sale was a rough one. The auction tailed 1.2 bps vs the 5.035% WI yield with lower-than-average demand. US yields ripped higher, extending earlier Read more…
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KBC Sunset KBC Sunset Wednesday, May 21, 2025 Daily Market Overview Click here to read the PDF-version of this report Markets • Investor focus remains centered on public finances as trade wars shifted to the background following the US-Sino truce. Global yield curves extend their bear steepening run with attention Read more…
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Sunrise market commentary KBC Sunrise Wednesday, May 21, 2025 Please click here to read the PDF version Market Commentary Markets • Core bond yields finished higher yesterday. US rates added up to 6.7 bps and Germany up to 5 bps at the very long end of the curve (30-yr). That Read more…
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KBC Sunset KBC Sunset Tuesday, May 20, 2025 Daily Market Overview Click here to read the PDF-version of this report Markets • All eyes were on Japan. A flopped 20-yr bond auction pushed long-term Japanese bond yields through the roof and immediately raised the stakes for next week’s 40-yr sale. Read more…
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Sunrise market commentary KBC Sunrise Tuesday, May 20, 2025 Please click here to read the PDF version Market Commentary Markets • The 30-yr bond yield at some point yesterday surged more than 13 bps, including last Friday’s late-session move, to 5.03%. Trump’s Big Beautiful but costly Bill getting shaped in Read more…
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KBC Sunset KBC Sunset Monday, May 19, 2025 Daily Market Overview Click here to read the PDF-version of this report Markets • Moody’s depriving the US from its Aaa credit rating late on Friday to some extent was a symbolic step. It didn’t bring profound, new insights on the US Read more…
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Sunrise market commentary KBC Sunrise Monday, May 19, 2025 Please click here to read the PDF version Market Commentary Markets • Rating agency Moody’s dropped a little bombshell in late US dealings last Friday. It stripped the US of its top notch AAA-rating over, unsurprisingly, the budgetary situation: “We do Read more…
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KBC Sunset KBC Sunset Friday, May 16, 2025 Daily Market Overview Click here to read the PDF-version of this report Markets • “Time to go back home”. US President Trump wrapped up his road trip through the Middle-East, sealing substantial business and defense contracts with Saudi Arabia, Qatar and the Read more…
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Sunrise market commentary KBC Sunrise Friday, May 16, 2025 Please click here to read the PDF version Market Commentary Markets • The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on Read more…