Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Index-Linked Report: Sweden - Tap Auction In SGBi3110 And SGBi3108

Published 02/19/2015, 12:16 AM
Updated 05/14/2017, 06:45 AM

This week, SEK500m in each of the two bonds SGBi3110 (1 June 2019) and SGBi3108 (1 June 2022) will be offered in a tap auction. The SGBi3110 bond and slightly longer SGBi3102 (1 December 2020) have performed best since the latest auction two weeks ago and we believe there will be a good interest, at least for the shorter bond, at the auction.

However, it is possible this says more about our own view. We have argued for some time that the shorter BEI rates, up to 2020 (SGBi3102), trade too cheaply (too tight in the spread). BEI rates in SGBi3110 and SGBi3102 have moved higher recently on the back of the rebound in the oil price and a somewhat higher outcome in December and January CPI data. Nevertheless, we think the auction will be well received.

To Read the Entire Report Please Click on the pdf File Below

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.