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Michiel Tukker

ING
  • Analysis & Comment

Michiel Tukker's Comment & Analysis
A complete archive of Michiel Tukker's articles, including current analysis & comment.

Sterling liquidity conditions have remained broadly stable since the start of this year. A likely slowdown of QT and a strong uptake of liquidity facilities limit the draining of bank reserves. Money...
Three tailed US auctions in a row now, and a 2bp tail on the 30yr is a big price miss - a message that the US curve should be higher and steeper. A hawkish cut by the Bank of England is a good...
Sterling markets remain sensitive to US dynamics and risk pricing in a too dovish path of easing by the Bank of England. Any tweaks to the pace or composition of quantitative tightening would not...
After an already eventful week, markets will have more to digest on Friday. The US payroll numbers will be the highlight, although the potential spillovers to other markets have lessened....
Consensus expects zero GDP growth from the eurozone in the second quarter, but the outlook remains positive, supporting our bearish take on rates. The Fed will most likely hold today, which could...