Market Overview

The policy variable and intervals - the RB does not appear to like the idea of a target interval.Flattening pressure not over - we like buying SGB1059 (Nov 2026) against SGB1047 (Dec 2026). To read...

Today, the BoE kept its monetary policy unchanged as expected.The BoE left the door open for more easing later this year if data meet expectations of the August projections. However, the BoE signals...

Industrial production in the United States fell by 1.1% year-over-year in August, a slightly larger decline than the -0.6% estimated for each of the two months prior. August’s negative was the...

The Census Bureau's Advance Retail Sales Report for August released Thursday morning was once again disappointing. Headline sales came in at -0.3% month-over-month to one decimal, a 0.35 point decline...

In the fourth economic report on Thursday, we learned business inventories were unchanged.The Census Bureau report on Manufacturing and Trade Inventories and Sales showed sales were down down 0.2%...

Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia.Regional manufacturing...

Yellow lights are flashing. Bonds remain heavy despite a weak spate of data that would seem to remove nearly any chance that Fed will hike rates next week. The implications of the disappointing...

Tackling the impact brought by Brexit in the UK economy, the Bank of England is expected to have a 25 basis point reduction in bank rate to 0.25 percent and to implement a new program of private...

Wednesday was not a good day for the US equity markets as there was a lot of indigestion again due to central bankers and expectations about what they will and won't do.Given the inability of...

Earlier this week, the National Federation of Independent Businesses released their monthly Small Business Survey. While this data is much overlooked by the mainstream media, it really shouldn’t...

In this report, we make a detailed assessment of Swedish covered bonds amid rising concerns about the Swedish housing market. It is important to fully understand what has pushed house prices higher...

The sell-off in oil is weighing on the FTSE stocks. A barrel of WTI broke below $44.00 and the market remains on the sell side of the game, given the looming uncertainties vis-à-vis the...

Looking at the diary, today is the most important day of the week. The Bank of England and the Swiss National Bank meet. The UK reports retail sales. EMU reports CPI figures. The US reports retail...

Summary: Even after the sell-off over the past week, global equities are more than 15% higher than in February. A tailwind for this rally has been the bearish positioning of investors, with fund...