Europe has never entered September with this little gas in store. The EU Storage Regulation establishes a 90% target for gas storage filling across the Union to be achieved between 1st October and 1st December. Deviations of up to 10 percentage points are allowed, with an extra 5 points flexibility in case of “unfavorable market […]

The summer was characterised by limited volatility in risky assets, but a sharp rise in bond yields, particularly at the long end of global curves. Growth remains solid, especially in the US, while concerns around fiscal deficits and government funding costs are increasing. Against this backdrop, duration is starting to offer attractive opportunities, while credit […]

The US reportedly added 162,000 jobs last month, well above market expectations, triggering a moderately hawkish repricing of US assets. However, Fed Governor Waller delivered a dovish speech the day before the non-farm payrolls release, suggesting that the bar for a rate hike may be higher than previously thought. The upcoming CPI report will be […]