FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 07/27/22

Signs of slowing economic growth abound, but they only seem to affect EUR rates. USD rates are more circumspect heading into today’s FOMC meeting, where a 75bp hike is probable. A 75bp hike today, and the 5yr should richen further to the curve. By Padhraic Gar...

In all fairness to the Atlanta Fed, some of last week’s statistical releases indicate an economic slowdown, but at a very slow pace, nothing like the rapid contraction that accompanied serious contractions in 2008-9 or 2020. Russia’s Gazprom last week notified major cust...

As inflation raged, central banks accelerated the pace of monetary policy tightening, aiming to slow the growth of aggregate demand and calm price pressures. In response to persistently high inflation and an upward drift in long-run inflation expectations, central banks are accelerati...

The eurozone economy looks set to contract in Q3 as business activity slipped into decline in July and forward-looking indicators hint at worse to come in the months ahead. The seasonally adjusted S&P Global Eurozone PMI Composite Output Index fell from 52.0 in June to 49.4 in Jul...

Concerns about stagflation have emerged because high inflation is widespread and growth is slowing in some markets. China's zero-COVID policy could pose a risk to the global supply chain - and inflation - if the newer variants lead to more frequent and large-scale lockdowns. If de...

Most major economies are dealing with inflation highs not seen in decades. Market expectations of peak policy rates have declined since June, likely reflecting the significant slowdown in activity as well as recent commodity price declines. Tightening financial conditions as well ...

German Bund yields holding on to last week’s gains confirm the market’s recessionary mood. We identify potential drivers for 10Y yields crossing below 1%. US data should add to the economic gloom. By Antoine Bouvet Bund resilience is more ...

Market views of Fed rate hikes have swung sharply. We see more volatility ahead as long as central banks think they can curb inflation without crushing growth. Yields spiked before easing after the ECB raised rates by 0.5% last week. We expect it to pause hikes before the Fed as the e...

The outcome of the Federal Reserve Open Market Committee meeting on July 27 is the most important event in the last week of July. The eurozone and the US reported disappointing flash composite July PMIs. The euro often moves inversely to the Italian premium over German. ...

Unpacking the initial results from second-quarter earnings season. European Central Bank raises rates for first time in 11 years. Relief in markets as gas flows to Europe resume. On the latest edition of Market Week in Review, Chief Investment Strategist for North Americ...