Hungary's inflation rate increased and we expect more in the coming months, however the picture is not so gloomy ...
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 ...
German Bunds remain still face structural headwinds, but there are aslo arguments for stabilisation versus risk free rates ...
Three calls for the Dutch economy in 2025: consumption, inflation and productivity growth After two years of shallow ...
Sovereign related and supranational issuers are not just caught up in the reassessment of sovereign risk but also face ...
The problem for Treasuries is a 3% primary deficit plus 3% interest rate costs exceeds the typical 4.5% GDP expansion. That ...
Spreads to US rates have shot wider, and we see little reason for them to narrow any time soon. In fact, the trend suggests ...
Eurozone bond performance is now less about general trends than individual country stories where a relative reordering has ...
Dutch pension funds are preparing for significant reforms, and given their sheer size, swap markets will be impacted.
We forecast steeper curves as the ECB lands just below neutral and upward pressures from higher UST yields spill over to the ...
USD: China respite. The dollar was a little softer against most currencies on Monday after Chinese policymakers said they ...