• Negative on risk sentiment
• Neutral on EUR/USD
• We turn neutral on EUR/SEK after being krona bears
Market view
Risky assets have continued to experience significant volatility, and indeed headwinds, over the past few weeks. Stock markets are lower, while credits have underperformed, as have peripheral bonds. Core bond yields have risen, despite inflation expectations falling. The 10-year real bond yield has continued to climb, probably mostly due to a re-pricing of future Fed interest rates.
Read the full report: FX Research
Handelsbanken