FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Danske Recommend Adding SEK FRA vs Euribor Jun24-Mar-25 Flattener

SWEDEN

Danske enter a new tactical trade recommendation, adding a SEK FRA vs Euribor Jun24-Mar-25 flattener at 8.5bp to target -15bp, with a stop-loss at 25bp.

  • Although Danske hold an out of consensus call for the Riksbank to remain on hold next week (with the first cut instead coming in June), their medium-term Swedish inflation forecast points to an undershooting of the target.
  • “Looking into 2025, we hence also see little reason for the very front in SEK to be less inverted than EUR”…“especially if the Riksbank stays on hold next week, we would expect Jun-24 to move a tad higher and result in more inversion”.
  • “The SEK FRA steepening move in 2024 can be attributed to the international sell-off and was not driven by domestic inflation outcomes. We think this will change with Riksbank cuts around the corner and inflation close (or below) to target”.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.