Friday, 04 June, 2021
(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
Wednesday, 02 June, 2021
{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
Wednesday, 02 June, 2021
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
Wednesday, 02 June, 2021
;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
Thursday, 27 May, 2021
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
Friday, 21 May, 2021
(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
Tuesday, 18 May, 2021
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
Wednesday, 12 May, 2021
From: Chris Jarvis <chris.jarvis@archr.com> Sent: 12 May 2021 10:12To: Futures <futures@archr.com>Subject: ZEW as a contrarian indicator German ZEW economic sentiment significantly beat expectations yesterday at 84.4 vs 72. This kept an offer tone to bunds for much of the session and broke the dreaded 12.5yr trendline…. 😐 (that GS allude to below). Banks continue to reiterate bearish takes on Euro duration with the subsequent RM repositioning beginning to reverse the widening trend in RX/TY […] Read More
Thursday, 06 May, 2021
BOE Street View Barclays: Expect BoE to maintain policy at this meeting. Although the MPC will acknowledge the optimistic narrative, they will attempt to balance it with saying there is historical high uncertainty. Aim is to avoid the mkt pricing in hikes in 2022. Forecasts will include revision of Q1 GDP from -4.0% to -1.5% while fiscal stimulus is larger than originally projected. -BoA: Expect BoE to endorse mkt expectations of 2 hikes by the […] Read More
Friday, 07 May, 2021
(BFW) SocGen Recommends Tapering Trade in Long-Dated French Bonds ——————————————————————————-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. SocGen Recommends Tapering Trade in Long-Dated French Bonds2021-05-07 08:45:49.355 GMT By John Ainger (Bloomberg) — Societe Generale are recommending investorsprepare for a flattening of the French yield curve at the verylong end to prepare for the ECB tapering its bond-buyingprogram, with a pre-announcement expected as soon as the summer.* Strategists recommend a flattener in the 30- to 50-yearsegment of the yield curve because the ECB […] Read More
