海外研报

SALES COMMENTARY ONLY (NOT A PRODUCT OF RESEARCH)

What a week – not only in markets but also in sports. With the Summer Olympics set to conclude on Sunday, it’s been nothing short of

BofA on USA Payback, not a slowdown

We expect a consensus-like retail sales report for JulyTotal card spending per household (HH), as measured by BAC aggregated credit and

European Morning Research Summary

This summary is compiled from research reports previously published by Barclays Equity Research. A full list of all publications is available on

US Economic Weekly Slow and steady, not fast and furious

Weekly viewpointThis week’s jam-packed data calendar delivered mostly good news. Inflation was

The Treasury cash-futures basis ischeap

The reason for these high expected returns-or, put slightly differently, thecheapness of the Treasury basis -likely stems from the recent increase in marketvolatility and ongoing concerns about funding pressure. As the chart shows,

LONG CARRY, SHORT TREND

Powell's Jackson Hole speech gave a strong indication that inflation is no longer the tail risk for the Fed and that it is the health of the labour market that is now paramount. While the dual

TECHNICAL ANALYSIS

2y UST down move stalled after defending the May 2023 trough near 3.65% but signals of significant upside are not yet visible. 2y

Monetary Policy Expectations Analysis

The opinions and research contained in this document (in the form of text, image, video or audio) are (a) not personal financial advice nor financial advice about any product or service; (b) provided for

GS--China: Soft money and credit data in August

August total social financing (TSF) flows, new RMB loans, and money supply growthremained soft, largely in line with market expectations. August money and credit

GS--Aligning our sector recommendations with the macro environment

We update our sector recommendations. We turned more“defensive” early in the summer, in response to the recent