I don’t want to overload everyone with reports but this is a useful roundup report. Not as good as the CS one but useful nonetheless.

Its also noteworthy to see (and compare) forecasts across the teams.

Note forecast from Nord, US 10yr Ts to be 2.55% yield by year end? I would beg to differ, strongly on that one! They see 1.25 eurusd by year end and euro 10yr rates to offer a – spread of 90 basis points?

If they are wrong on US rates, recall CS are forecasting 3.25 ie 70 basis points more in the next 3 months, then the euro would fall out of bed vs the US$ and targets of 1.20 would come into play.

Recall Citi are forecasting dow10000 for year end and a super strong us$. I would love to see Goldmans. This is all indicating to me that we have widely diverging views here. That the calm of the markets will turn, volatility will spike up and we are in for a rough seas ahead as these different groups all adjust their models and therefore positions to the shifting rate expectations before us. This is likely going to get pretty wild in my view!

Here the Nord report:

NordBank-September-2013-MKT-Turningpoints

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