SWEDEN: *SWEDEISH VOTE COUNT CONTINUES; 6550 OF 6626 DISTRICTS COUNTED" bbg

Sep-16 15:17

*SWEDEISH VOTE COUNT CONTINUES; 6550 OF 6626 DISTRICTS COUNTED" bbg...

Historical bullets

FED: US TSY 26W AUCTION: NON-COMP BIDS $1.919 BLN FROM $79.000 BLN TOTAL

Aug-17 15:15
  • US TSY 26W AUCTION: NON-COMP BIDS $1.919 BLN FROM $79.000 BLN TOTAL

FED: US TSY 13W AUCTION: NON-COMP BIDS $1.774 BLN FROM $92.000 BLN TOTAL

Aug-17 15:15
  • US TSY 13W AUCTION: NON-COMP BIDS $1.774 BLN FROM $92.000 BLN TOTAL

SEK: Danske Bank Expect September Hike, But A Dovish Reaction In Aug

Aug-17 14:50

Despite maintaining their call for a Riksbank hike in September (followed by another in December), Danske Bank do not expect the message at Thursday’s Riksbank decision to be “hawkish enough to justify the current market pricing” 

  • They wrote on Friday that “with an accumulated 62bp priced over the coming year, we doubt that the Riksbank will be able to ‘out-hawk’ the current pricing and see risk/reward in favour of a dovish rates reaction.”
  • As such, they recommend receiving the March 27 SEK FRA vs Euribor at -29bps, targeting a move to -40bps (stop loss of -20bps).
  • “Deeming from the market reactions in May and June, the 2nd to 4th contracts saw the largest impact, both outright and spread-wise. As an outright position gives a larger exposure to the oil price/Middle East developments, we prefer to do it vs EUR. We highlight that this is a tactical trade over the Riksbank meeting and we will look to close it shortly afterwards.”