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MNI Riksbank Review - February 2023: Bond sales to begin

  • Thursday’s Riksbank meeting saw a more hawkish outcome than the market expected and saw the Swedish krona enjoy its second biggest day of appreciation since 2009.
  • The curveball was the decision to announce the start of active government bond sales from April. This was something that the markets were not expecting but that we had flagged up as a risk in our preview.
  • We think that the biggest risk to a larger than 25bp hike in April will be the March ECB communication.
For the full PDF including summaries of over 10 sellside view see the full report here:

MNI Riksbank Review - 2023-02.pdf

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