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MARKET INSIGHT

There have been mixed headlines surrounding the Russia-Ukraine war through the weekend and the Asia session. Despite some mixed moves in equities, core fixed income has gradually moved lower (along with STIR futures) with oil moving to its highest level since last Monday.

  • Today sees a relatively light calendar but sees some of the big hitters in CB-land making appearances. ECB's Lagarde and Fed's Powell are both due to speak with ECB's Makhlouf and Nagel and Fed's Postic also making appearances.
  • It will be another big week for UK fixed income markets. Inflation data for February is due for release tomorrow while Chancellor Sunak will deliver his Spring Statement with the gilt remit for 2022/23 due to follow. We are still compiling our preview but from nine analysts so far we have a median of GBP155bln but a huge range of GBP124.5bln to GBP200.3bln.
  • Headline flows will continue to dominate markets today.

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