HALISTER1: Expect Double-Dip EUR Inflation Recovery; Favor Breakevens: Barc

Expect Double-Dip EUR Inflation Recovery; Favor Breakevens: Barc

(Bloomberg) -- EUR 10Y breakeven most attractive sector to position for inflation recovery, Barclays strategist Khrishnamoorthy Sooben writes in a client note.
  • Given that most of the forces driving the rebound are set to soften in 1H 2016, Barclays economists expect inflation to fall into negative territory before technical factors push it back up by year end
  • See long-term value in breakevens, but any near-term recovery seems tied to general sentiment on risky assets
  • Bullish on real yields, given expectations for more ECB policy action in March
  • Despite steep curve, investors looking at inflation swaps as a long-term hedge may see value in back end
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Khrishnamoorthy Sooben (Barclays PLC)

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HALISTER1: Riksbank Rate Decision Due in 5 Mins; Est. Cut to -0.45%

Riksbank Rate Decision Due in 5 Mins; Est. Cut to -0.45%

(Bloomberg) -- Swedish Riksbank policy rate est. cut to -0.45% from -0.35%, according to the median of 18 forecasts in a Bloomberg News survey.
  • NOTE: Yday -- RIKSBANK PREVIEW: Rate Cut Likely as Inflation, ECB View Weighs
  • NOTE: The Riksbank will hold a press conference at 11 am CET
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1083Z SS (Sveriges Riksbank)

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