17 min listen
Fixed-income: ECB pause, Treasury auctions, and yield curve positioning
FromSaxo Market Call
ratings:
Length:
19 minutes
Released:
Oct 24, 2023
Format:
Podcast episode
Description
The ECB is expected to maintain its policy rate on Thursday but the room for maneuver is tight for the ECB with the European economy in contraction and inflation remaining stubbornly high. Add to this rising US bond yields, potential tweak to BoJ yield-curve-control and rising geopolitical tensions in the Middle East. While the ECB is in pause mode it it not a pleasant one. We also discuss this week's Treasury auctions for clues about positioning of bond investors on the yield curve and with recent weak Treasury auctions this week's auction could prove important. Finally, we discuss the different options investors have on the US yield curve depending on portfolio objectives, with Peter Garnry and Althea Spinozzi.
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Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo
Released:
Oct 24, 2023
Format:
Podcast episode
Titles in the series (100)
Fixed-income: A hawkish pause from ECB and attractive risk-reward in bonds: In today's podcast on fixed-income we preview the ECB rate decision on Thursday on the back of a recent stagflation outlook from the EU Commission making the policy decision a difficult one. We argue for a hawkish pause with the potential move by the... by Saxo Market Call