-
21 September 2021
151 KB
PDF
- Housing starts: August surge and upward revisions led by multi-family starts
Share
-
21 September 2021
468 KB
PDF
- Bunds made modest gains at the long end of the curve, as ECB Governing Council member Stournaras cautioned that it is “too early to declare victory over the pandemic” and so “too early to draw conclusions about the extension or not of the PEPP [purchase programme] beyond March 2022”.
- Gilts made modest losses at the short end as a survey of UK manufacturers flagged concerns about the impact of supply-side challenges on prices.
Share
-
20 September 2021
277 KB
PDF
- FOMC preview: strong clues for tapering this year.
- The surge in RRPs supports the case for tapering.
- Interest rate liftoff: dot plot likely to continue indicating 2023.
Share
-
20 September 2021
911 KB
PDF
- Over the past decade, global banking sectors saw rising regulatory levies applied due to poor governance and conduct. Greater reporting transparency related to ESG will highlight this further.
- EBA funding report suggests strong rise in MREL eligible debt issuance by 2023.
- Strong primary market issuance by FIGs and SSAs with several debut themed issuances while secondary spreads continue to tighten amidst rising risk perceptions.
Share
-
20 September 2021
1185 KB
PDF
- Amidst its worst Covid-19 outbreak, Japan has significantly ramped up progress on vaccination.
- Japan’s recovery has been set back by new coronavirus waves, but so far by less than expected.
- Pre-Covid-19 GDP peak still unlikely to be recaptured until 2023.
- Beyond the unwinding of base effects, the outlook for inflation remains weak.
- No matter who wins the LDP leadership vote, the LDP will very likely win the General Election.
Share
-
17 September 2021
762 KB
PDF
- Bunds made losses as final euro area inflation was unrevised at a near-decade high and risks to the near-term inflation outlook remain skewed to the upside.
- Gilts also made losses despite a downside surprise to UK retail sales in August, which marked the longest unbroken losing streak on the series.
Share
-
16 September 2021
158 KB
PDF
- Retail sales: Covid be damned; consumers remain active.
Share
-
16 September 2021
408 KB
PDF
- Bunds made modest gains as European gas and power prices fell back while the value of euro area exports resumed an uptrend in July.
- Gilts followed USTs lower as a survey suggested that UK firms found it increasingly difficult to fill job vacancies heading into September.
Share