Reading The Markets: Sweden
Danske Markets | Feb 01, 2013 12:43PM ET
Data this week confirms our view that the economy is improving a bit, with the important exception of the labour market. Next week's data should give further support for this stance.
This should bolster the case for more upward pressure on long govvie bond yields, a steeper curve and tighter mortgage spread, notwithstanding the risk of a short-term correction.
Realise half of the profit in the swap box, 2Y/15Y SEK/EUR (relative steepener).
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