In Brief: · Analysts unanimously expect rates to be left unchanged · Majority believe no change in either QE volume or purchase pace · A few analysts believe a slowdown in the purchase rate could be announced · New macroeconomic projections to be released: · Upward revisions seen, especially in the nearer term Medium-term inflation projection not seen changing significantly, if at all · Main focus beyond near-term PEPP purchase pace […] Read More
worth revisiting some of these from yesterday… july bund 169.5 and 169 strikes been bght in size for teeny amounts —————————— 13:41:18 ASHLEY JOYE: {US}{EU} lets not be afraid of some TY and RX downside up here, TY into 1.50 and potentially a double top high… bunds high prints 35/45 as the zone keep an eye on TY Week 2 132p 3/4 16d RX week 2 171.5p 6/8 16d RX Week 2 172p 17 33d […] Read More
{AU} Westpac’s Bill Evans – RBA will not extend YCT and will move to more Flexible QE model https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2021/2021-06/er20210604BullEconNoteRBAYCT.pdf ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
(BN) ECB Seen Pushing Ahead With Faster Bond Buying Until September ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. ECB Seen Pushing Ahead With Faster Bond Buying Until September2021-06-04 04:00:00.7 GMT By Alexander Weber and Harumi Ichikura (Bloomberg) — The European Central Bank will extend itsphase of faster bond-buying through the summer to ensure theeconomic rebound after coronavirus lockdowns morphs into asustained recovery, according to a Bloomberg survey ofeconomists. The majority expects the ECB to keep purchasing about 20billion euros ($24.4 billion) […] Read More
{au} plenty of chatter about this announcement:: 6 July 2021, 4.00 pm AEST Remarks by Philip Lowe, Governor – Today’s Monetary Policy Decision – at the Reserve Bank of Australia, Sydney conspiracy theory for end less dovish grows – in past lowe never spoke when there was no policy change — seems unusual to schedule this speech now. If they really want to send a message -Tonight could be interesting ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
From: Christopher Joye <info@coolabahcapital.com> Sent: 02 June 2021 02:12To: Ashley Joye <Ashley.Joye@archr.com>Subject: RBA sets up July to move to open-ended QE, likely exceeding $100 billion RBA sets up July to move to open-ended QE, likely exceeding $100 billion […] Read More
;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px”>While business complains the international border closure is causing skills shortages, the RBA is seeing no firm evidence this is showing up in higher wages. John Kehoe Economics editor Jun 1, 2021 – 5.23pm https://www.afr.com/policy/economy/rba-skill-shortages-but-no-sign-of-wages-pressures-20210601-p57x4q The economy continues to outperform expectations, but the Reserve Bank of Australia wants to be confident that this will show up in wages and inflation before dialling back its extraordinary monetary stimulus. The monthly RBA […] Read More
BANK OF ENGLAND MPC’S VLIEGHE SAYS CENTRAL SCENARIO IS THAT THE ECONOMY EVOLVES SIMILARLY TO THE MPC’S CENTRAL PROJECTION IN MAY, BUT WITH SOMEWHAT MORE SLACK THAN IN THE CENTRAL PROJECTION * 27-May-2021 12:03:04 – BANK OF ENGLAND MPC’S VLIEGHE SAYS WORRY THAT THE TRANSITION OUT OF FURLOUGH DOES INVOLVE A MODEST RISE IN THE UNEMPLOYMENT RATE, WHILE THE ECONOMY’S SUPPLY POTENTIAL IS SOMEWHAT LESS ADVERSELY AFFECTED, SO THAT THERE IS STILL SOME EXCESS SUPPLY […] Read More
(BFW) Bundesbank: German Inflaton Could Temporarily Reach 4% in 2021 ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Bundesbank: German Inflaton Could Temporarily Reach 4% in 20212021-05-21 10:00:00.8 GMT By Carolynn Look (Bloomberg) — “In the coming months, the rate of inflationis likely to continue on a slow upward trajectory at first,”Germany’s Bundesbank says in monthly report.* From July, base effect from last year’s VAT cut will putupward pressure on headline inflation rate, which will be offsetinitially by one-off effects from statistical […] Read More
JPMorgan Treasury Client Survey shorts dropped 2ppts while longs rose 3ppts with neutrals falling 1ppt; net short contracted from widest since 2018. Active-client shorts dropped 10ppts with neutrals rising same amount and longs unchanged. All clients (May 17 vs May 10) Long: 16 vs 13 Neutral: 44 vs 45 Short: 40 vs 42 Net: -24 vs -29 Active clients Long: 20 vs 20 Neutral: 40 vs 30 Short: 40 vs 50 Net: -20 vs -30 ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
© Copyright Archr LLP 2020
