External broker reports(aggregated public sources), Nordea

Nordea

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>For Q1, we see risk/reward skewed towards paying outright. For 2024, we see risk/reward in favour of receiving outright.</li><li>Steepeners are likely to be perform from the beginning of the year and could be the trades of year if soft landing calls materialise.</li><li>Asset swap spread tightening is likely to continue in 2024, but markets may be ready ahead of January’s heavy swapped issuance, and Q1 may not be the quarter for tighteners beyond the first weeks.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For Q1, we see risk/reward skewed towards paying outright. For 2024, we see risk/reward in favour of receiving outright.Steepeners are likely to be perform from the beginning of the year and could be the trades of year if soft landing calls materialise.Asset swap spread tightening is likely to continue in 2024, but markets may be ready ahead of January’s heavy swapped issuance, and Q1 may not be the quarter for tighteners beyond the first weeks.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EUR Rates: 2024 – ECB Cuts Are Priced Too Fast, Not Necessarily Too Far

EURO/US DOLLAR

EUR Rates: 2024 – ECB Cuts Are Priced Too Fast, Not Necessarily Too Far