Re-funding pressures are already elevated for Treasuries. So much so that we identify a 25bp concession already implicit in ...
Headline inflation remained elevated in November, but core inflation softened marginally. Worries about above-target ...
The problem for Treasuries is a 3% primary deficit plus 3% interest rate costs exceeds the typical 4.5% GDP expansion. That ...
We forecast steeper curves as the ECB lands just below neutral and upward pressures from higher UST yields spill over to the ...
Three calls for the Dutch economy in 2025: consumption, inflation and productivity growth After two years of shallow ...
German Bunds remain still face structural headwinds, but there are aslo arguments for stabilisation versus risk free rates ...
Dutch pension funds are preparing for significant reforms, and given their sheer size, swap markets will be impacted.
USD: China respite. The dollar was a little softer against most currencies on Monday after Chinese policymakers said they ...
Sovereign related and supranational issuers are not just caught up in the reassessment of sovereign risk but also face ...
The central bank's policy statement was more dovish as it acknowledged that inflation is moving sustainably towards target ...
Eurozone bond performance is now less about general trends than individual country stories where a relative reordering has ...
Spreads to US rates have shot wider, and we see little reason for them to narrow any time soon. In fact, the trend suggests ...