The ECB will continue to lift rates due to sticky inflation and a tight labor market. Will it be enough to push long-term German yields higher?
Sweden’s Riksbank hiked its policy rate by a full percentage point to 1.75% on Tuesday, a more aggressive move than the 75bp hike anticipated by the consensus. The central bank also revised up its policy rate forecast. It…
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic…
Listen to a short summary of this report. Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The softer CPI print in the US boosted growth plays and pushed the DXY index below…
Listen to a short summary of this report. Executive Summary The Dollar Likes Volatility Uncertainty about Fed policy has supercharged volatility in bond markets, and correspondingly, USD demand (Feature…
Executive Summary German GeoRisk Indicator Russia and Germany have begun cutting off each other’s energy in a major escalation of strategic tensions. The odds of Finland and Sweden joining NATO have shot up. A halt…
Sweden’s Riksbank unexpectedly lifted its policy rate from zero to 0.25% on Thursday – marking an earlier-than-anticipated start to the tightening cycle. The central bank also announced plans to reduce the pace of…
Listen to a short summary of this report. Executive Summary The Currency And Interest Rates: On A Collision Course? The dip in the Swedish krona has priced in a recession in the domestic economy. If a…