CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Summary of sellside views

RIKSBANK
  • 12/14 of the analyst previews that we have read look for a 75bp hike from the Riksbank this week, albeit with the majority noting that risks are skewed to a 100bp hike (rather than a 50bp hike).
  • Citi and TD Securities were the outliers – seeing 100bp hikes in their base case.
  • In terms of bond reinvestments for Q4-22, the majority who discussed this in their preview saw no or smaller reinvestments. JP Morgan and Nordea expect a cease to reinvestments, Danske Bank expected either a cease or a reduction, SEB look for a reduction to SEK2bln in Q4, Swedbank look for a halving of the Q3 pace to SEK4.625bln while TD Securities expect no change to the Q3 pace. However, 7 analysts did not spell out their expectations in their previews – so some of these may expect purchases to continue.
  • Of those who have explicitly outlined their expectations for the November meeting 7/10 look for another 75bp hike to 2.25%, TD Securities looks for a 50bp hike to 2.25% while two analysts look for a 50bp hike to 2.00%.
  • In terms of the terminal rate, the median expectation is for a 2.50% rate with the majority of analysts split over whether there would be no hikes or one 25bp hike in 2023.
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.