Tag Archives: BUND
FI Eye-Opener: You better not be bluffing, ECB
Longer German bond yields continued to rise yesterday and the curve steepened some more.
ECB has the potential to surprise
Market movers ahead • Lower inflation in the euro area has also strengthened our expectations that the ECB will deliver an aggressive easing move at Thursday’s meeting.
USD/JPY & AUD/USD sellers should be tempted to step back in
EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.
FI Eye-Opener: Increasingly hard to dismiss deflation risks
Bonds continued to take a hit yesterday on both sides of the Atlantic and curves bear-steepened. The German 10-year yield leaped by some 4bp,
Dollar strength!
EURUSD: A bearish candle as a continuation pattern was added yesterday. It also persistent dynamic resistance with the 8day “Tenkan-Sen” (blue line in the chart).
FI Eye-Opener: The truth is out there – finally
Bond yields rose yesterday and curves steepened, modestly in German yields but more so in the US. The US 10-year yield leaped 5bp, bringing the yield back to above 2.50% (but only to levels seen early last week).
ECB preview: Even a package deal not enough to sustain a bond rally
There can be little doubt the ECB will provide a whole package of easing measures in its meeting on Thursday, including rate cuts, liquidity measures and a conditional LTRO.
AUD turning lower. SEK weakness takes a short pause
EURUSD: On a grander scale May probably became the turning pointfor the common currency given that the monthly candlebecame a very bearish key month reversal one arguing formore losses on a 3-4 months horizon.
FI Eye-Opener: Huge week ahead
The week starts with good news from China, as the official PMI rose to 50.8 in May (from 50.4 in April). The report showed a braod-based recovery in manufacturing activity.
FX: price matters
Inflation is this week’s theme: May HICP and ECB’s revisions are key for EUR. The Market is sceptical about higher Fed funds rate projections, but a pickup in wage growth would cause repricing…
Weekly Economic & Financial Commentary
U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,
FI Eye-Opener: Bonds still in demand for a while
Core bonds continued to rally hard on Wednesday, and the rally initially continued yesterday, before yields rebounded. The US 10-year yield touched 2.40% yesterday, before rebounding to around 2.47% currently.