Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Initial react: Hawkish forecasts and govvie bond sales announced

  • We flagged government bond sales as a risk in our preview but our based case thought it wouldn't happen until later in the year. The Riksbank has announced these will begin in April. This was not expected by the market.
  • The Riksbank's policy rate forecasts now peak at 3.33% - so pricing in around a 30% probably of 50bp more being needed with 25bp fully priced for April. This rate profile is more hawkish than expected.
  • As we expected there are no cuts in the forecast profile.
  • EURSEK down from 11.3250 prior to the decision to a low of 11.2445.

To read the full story

Why Subscribe to


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.