Reports are admitted only from public, source-verifiable pages. How Tlines structures a report, grouped by asset, publishing institution or topic below.
The Federal Reserve raised rates 25bp to 3.75-4.00% on 16 September, unanimous, the first rise in over three years. Most FOMC members expect at least one more hike in 2026; PCE inflation is projected at 3.7% and a return to 2% is pushed to 2029. The dollar…
European high yield retains structural appeal through higher-quality issuance and meaningful all-in yields. However, after strong performance, compressed spreads offer less cushion and limited scope for further broad-based compression. Spread timing matters…
Natixis reports the FOMC raised the policy rate 25bps to a 4.00% upper bound in a unanimous September decision, the first hike since 2023, with Chair Warsh citing persistently high inflation. Natixis expects Banxico to leave its rate at 6.50% for a long time…
ING expects the Swiss National Bank to keep its policy rate at 0% next Thursday and hold over coming quarters. Swiss GDP rose 1.5% quarter-on-quarter in Q2, but almost half came from volatile chemicals and pharma, so a second-half deceleration is likely.…
ING's James Smith argues central bank rate hikes, with the Fed and ECB expected to hike once more in December, are unlikely to trigger a recession. Fixed-rate mortgages blunt transmission; AI capex drives US growth; energy prices, not hikes, would be the…
SMBC argues the recent rise in 10-year Treasury yields is driven more by growth expectations than by term supply, with a hawkish Jackson Hole speech offsetting the roughly 10–15bp term-premium decline from the buyback announcement. The Fed may need to narrow…
The Fed's 25bp hike and higher-for-longer dot plot lifted the DXY 1.2% to 100.29, driving broad Asian currency weakness; USD/JPY rose 2.6% to 157.55 while the BOJ sounded less hawkish. USD/CNY held above 6.70 despite soft data and firmer fixing. The yuan…
ING expects the Riksbank to hold its policy rate at 1.75% on 24 September, though a surprise hike cannot be fully ruled out given only 5bp is priced. A 25bp hike is forecast in November or December, with a preference for November, followed by another in…
ING previews the CEE/CCA week: Polish August wage growth likely eased but stayed above 6% YoY, with employment falling 0.8% YoY and construction rebounding after July's disappointment. August retail sales of goods are seen around 5% YoY, helped by a temporary…
The BoJ raised its target rate 25bps to 1.25% as expected, yet the yen fell to its worst weekly cross versus the dollar after August CPI undershot (total 1.9% y/y vs 2% consensus) and Governor Ueda stressed conditional, pre-emptive tightening. Two…
The week's calendar centers on September flash PMIs for France, Germany, the euro area, the UK and the US, plus Germany's IFO and consumer confidence, euro-area M3 and US jobless claims, durable goods and new home sales. Consensus points to a euro-area…
The VIX fell 12.82% to 15.44, with the entire move concentrated in the front of the vol curve; VIX1D dropped 22.87% and VIX9D 23.05%. Saxo argues the index went quiet because components stopped moving together, not because they calmed. COR3M fell 11.40% while…
ING now expects both the ECB and Fed to hike rates once more in December, after hawkish September decisions. The shared driver is an energy supply shock with limited knock-on effects so far, weighed against memories of 2022. The Fed hike would bring a 4.25%…
State Street argues the AI debate is too narrowly framed around technology winners. For credit investors, near-term questions center on how the infrastructure buildout is financed, which tech firms convert AI spending into durable cash flow, and which face…
Poland's August industrial output rose 4.3% YoY, well below ING's 8.3% and the 6.1% consensus, despite an extra working day and a low base. Manufacturing slowed to 3.4% YoY and seasonally adjusted output fell 1.2% MoM. PPI accelerated to 4.2% YoY. ING keeps…
Charles Schwab analysis says the Fed raised rates again because inflation remains too persistent despite a resilient economy, strong labor market and robust consumer spending. Updated projections show inflation may not return to 2% until 2028 and imply…
L'Oreal overtook LVMH on 15 September to become France's most valuable listed company, worth about EUR 203bn versus roughly EUR 201bn for LVMH. The shift reflects the lipstick effect: as economic confidence weakens, aspirational consumers favour smaller,…
The BoJ delivered a 25bp hike but a 7-2 split vote and a statement lacking urgency sent the JPY lower across the board. Governor Ueda emphasised a meeting-by-meeting approach with no set pace. USDJPY has backed up sharply on the hawkish FOMC and the less…
Standard Chartered highlights yuan internationalisation momentum: PBOC swap lines exceed 4.3 trillion yuan with 30+ countries; dim sum bond issuance rose over 60% year on year in H1 2026 and panda bonds 69%. The bank became an early foreign direct participant…
Natixis reviews France's 2027 budget, presented on 18 September 2026. The plan centres on a fiscal effort of roughly €54bn (1.8 points of GDP), meant to bring the deficit to 5% of GDP in 2027 without raising headline tax rates. The 2026 starting point is now…