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22 March 2023
290 KB
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- Ahead of the FOMC decision, Bunds made losses as a speech by ECB President Lagarde pointed to the likelihood of further tightening in May.
- Gilts made larger losses as UK inflation surprised on the upside, with record increases in food, services and core goods prices for the month of February.
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22 March 2023
251 KB
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- FOMC: focused on inflation, but mindful of banking risks
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21 March 2023
268 KB
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- Bunds followed the global trend lower, even as today’s German ZEW survey suggested a loss of recovery momentum in March and diminished optimism regarding the outlook.
- Gilts also made modest losses on a quiet day for UK top-tier economic news.
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17 March 2023
524 KB
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- Despite a marked acceleration in euro area labour costs, Bunds followed USTs sharply higher as concerns about banking sector stability persisted.
- Gilts also rallied while a BoE survey reported a notable decline in household inflation expectations.
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17 March 2023
283 KB
PDF
- FOMC preview: another hike despite bank uncertainty
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16 March 2023
268 KB
PDF
- Bunds made sizeable losses as the ECB ignored recent market turmoil to hike its deposit rate by a further 50bps to 3.00%, but the Governing Council offered little guidance on the path ahead.
- Gilts followed the global trend lower on day bereft of UK economic data.
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16 March 2023
156 KB
PDF
- Housing starts: jump in multi-family; marginal increase in single-family
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15 March 2023
243 KB
PDF
- Retail sales: pause in February
- PPI: food prices drop; energy prices ease; continued deceleration ex. food & energy
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