Sunset Market Comment

Markets

Behind us is another slim trading session with huge central bank meetings and counting down to US inflation on Thursday. The volatility in bond markets remains unchanged, despite persistent sales pressure. U.S. profit margin rises in US treasury ahead of 10-year and 30-year bond sales American products increase 3 bps (2-yr) to 4.6 bps (10-yr). US 10-year output trades at 1.96% For the first time since the beginning of 2019, the Psychology 2% Barrier Eyeball. German production curves move similarly. Apparently, there is silence, assuming that net asset purchases could end somewhere at the beginning of H2 2022. The ECB’s return on investment (at least 2024 for PEPP) seems to be inconsistent with the BoE’s standard deviation (natural balance sheet). To begin with) and the Federation (running somewhere in June?) German production will increase by up to 6.7 bps for a 30-year period. Germany’s 30-year output closes with 0.50% resistance, the highest in 2021. 10-year production expands with Germany facing greater pressure, especially for Italy (+6 bps). For the first time since July 2020, Italian broadcasts will move 160 BPS north. The Spanish government has announced a new 30-year deal (which may begin tomorrow) before the window of opportunity closes. UK Gills less Bills and US Treasuries It grows from 7.1 bps (2-yr) to 8.8 bps (30-yr) on the curve. The British National Institute for Economic and Social Research (NIESR) invades the Bank of England. He called for a pay cut last week to prevent a pay rise. Mortimer-Lee, deputy director of NIESR, emphasized that working for the BOE was not an individual job. The BoE has been behind the scenes for 6 to 9 months and thinks it should play a role. The MPC left a lot of fuel and inflation needed to turn it on. NIESR raised its UK inflation forecast to 5.9 percent in 2022 and 3.3 percent in 2023. Sterling is slowly gaining ground against the 0.8450 to 0.8420 ST, making it unprofitable with the Euro / GBP. It is more or less parallel to the EUR / USD. The pair traded lower at around 1.14 from 1.1442. Despite the new bond being sold, the stock market remained stable. It currently trades with most European and American stocks at a small loss. In other markets, Brent crude has dropped from $ 92.5 to $ 91 after French President Macron said he had received assurances from Russian President Vladimir Putin that the Ukraine crisis would not worsen. News headlines

The European Union (EU) has announced plans to invest 43 billion euros in chips. A.D. By 30 15bn, more የግል 15bn will be invested in private and public investment. He intends to support the plan EU to build new semiconductor factories to reduce dependence on Asian and American markets. In this context, the EU agrees to “state – for the first time – under state conditions. Public support for European ‘first-of-its-kind’ manufacturing facilities that benefit all of Europe. The EU wants to double its market share of semiconductors to 20% by 2030. The U.S. government has already announced a $ 52 billion plan To support the production of national chips

According to data published by the Czech Bureau of Statistics Retail sales declined sharply in December. Real-time real estate sales were published at 2.1% Y / Y and 9.9% in November. Sales, excluding motor vehicles, were reduced from 13.0% to 3.3%. Highly expected figures for both series. There is still a reason why the judges are more tired than expected. Excessive inflation can be part of the explanation. In a separate report December unemployment rate rose from 3.5% to 3.6%.The Czech Coruna did not suffer much from the data and traded stable around EUR / CZK around 24.30.

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