May 25, 2018 - Source: Markit PMI. Source: Now-cast Economics. So without jumping to conclusions: 1. We think that at le
Investment Research
25 May 2018
Reading the Markets Sweden
We probably see a cyclical peak in both the eurozone and S weden and eventually it is likely to be a steeper slowdown in S weden compared with the eurozone. In the meantime, CPIF-inflation is underpinned by a weak krona and higher energy prices. This, we think, will lead to a continued relative curve-flattener S WE vs eurozone.
S GB1061 likely to be cheap initially.
S GB1056 dear in AS W terms – sell S GB1056 (June 2032) vs S GB1057 (Nov 2023) in a forward AS W.
What if households pile into fixed rate mortgage loans?
Buy K2206 AS W as summer trade after underperformance
EUR/S EK – trade the range with options
Trades New, we recommend buying SGB1057 against SGB1056 (nom/nom) against receiving in a forward swap between the loans at -50bp. P/L:-25/-70. New, Buy KI2206 ASW @ 0bp as a summer trade after the recent underperformance. P/L: -8bp/+5bp. 3m carry & roll +3bp. Danske Bank’s market view in a nutshell Danske Markets market view in a nutshell
