6th Floor, Candlewick House 120 Cannon Street London EC4N 6AS International Bond Research Monday 17th November Rightmove House price index China foreign direct investment Eurozone trade balance Canada foreign securities investment Eurozone Draghi speech US Industrial production Friday 14th November 2014 Tuesday 18th November Australia RBA Meeting minutes UK CPI, PPI and RPI Eurozone ZEW Survey US PPI US Net TIC flows Australia Westpac leading index Japan to Sell 1-Year Bill Japan to Sell 20-Year Bonds Thursday 20th November China HSBC Manufacturing PMI Germany PPI Germany Markit PMI Eurozone Markit PMI UK Retail sales US CPI US Jobless claims Eurozone consumer confidence US Existing home sales Canada to Sell 2-Year Bonds France to Sell 1% 2017 Bonds France to Sell 0.5% 2019 Bonds France to Sell 1.75% 2017 Bonds U.K. to Sell GBP900 Mln 0.625% I/L 2042 Bonds France to Sell 1.85% I/L 2027 Bonds France to Sell 2.1% I/L 2023 Bonds France to Sell 1.8% I/L 2040 Bonds Wednesday 19th November Bank of Japan interest rate Eurozone current account BoE minutes Eurozone construction output US Building permits US Housing starts Japan foreign bond investment data Friday 21st November ECB Draghi's speech Canadian CPI Italian wage inflation UK, US and German sovereign yield curves source: Bloomberg Anasakti Thaker D: 0207 398 3114 www.KingandShaxson.com Page 1 of 3 INTERNATIONAL DESK E: [email protected] 6th Floor, Candlewick House 120 Cannon Street London EC4N 6AS International Bond Research Friday 14th November 2014 INTERNATIONAL BOND COMPARISONS yield (s/a) yield change yield change return MTD UK US Australia Canada Japan Germany France Netherlands Austria Switzerland Sweden Denmark Spain Italy New Zealand Anasakti Thaker D: 0207 398 3114 2 yr 5 yr 10 yr 30 yr 2 yr 3yr 5 yr 10 yr 30 yr 2 yr 5 yr 10 yr 2 yr 5 yr 10 yr 30 yr 2 yr 5 yr 10 yr 30 yr 2 yr 5 yr 10 yr 30 yr 2yr 5yr 10yr 30yr 1 yr 5 yr 10 yr 30 yr 2 yr 5 yr 10 yr 25 yr 2 yr 5 yr 10 yr 20yr 2 yr 5 yr 10 yr 26 yr 2 yr 5 yr 10 yr 26 yr 2 yr 5 yr 10 yr 28 yr 2 yr 5 yr 10 yr 30 yr 2 yr 5 yr 10 yr UKT 4 09/2016 UKT 1.75 07/2019 UKT 2.75 09/2024 UKT 3.25 01/44 912828F47 912828F54 912828F39 912828D56 912810RH3 EC575249 Corp EK3821791 EJ2445694 EK4387479 EK1739599 EJ7362241 EI7057215 EK5229738 EK4879822 EK4690054 EK4826393 EK4355757 EK4585510 EK4694379 EK0809500 EK1774786 EK3340909 EK3074136 EJ6098374 EJ4989046 EK4197019 EK1418137 EK0414632 EF3754068 EJ2583262 EK3001824 EG1036748 EC394599 Corp ED4438336 EJ1752710 SWISS 2.5 3/36 EF0868820 EH0398089 EK0417692 EH7669102 EI5589029 EH6950768 EK2541788 EH6131138 EI7927748 EH8448167 EK3289700 ED7737726 EJ6263705 EK3526614 EK0933524 EJ6794667 EC935138 EJ6281665 EI7035203 0.60 1.48 2.18 2.92 0.49 0.94 1.61 2.34 3.07 2.58 2.85 3.35 1.01 1.52 2.04 2.61 0.02 0.15 0.50 1.49 -0.05 0.10 0.80 1.72 0.00 0.29 1.16 2.26 -0.01 0.22 0.94 1.77 -0.00 0.14 0.98 1.69 -0.19 -0.04 0.37 0.86 -0.03 0.25 1.14 1.14 -0.03 0.14 1.01 1.67 0.44 1.05 2.14 3.23 0.53 1.17 2.37 3.65 3.52 3.96 4.11 www.KingandShaxson.com Page 2 of 3 on day % -0.02 -0.02 -0.01 0.00 -0.02 -0.04 -0.03 -0.03 -0.03 0.01 0.01 0.01 -0.01 -0.02 -0.02 -0.02 -0.02 -0.02 -0.03 -0.05 0.00 -0.01 -0.01 -0.01 0.00 0.00 -0.01 -0.01 0.01 -0.01 -0.00 -0.01 0.00 -0.01 -0.01 -0.01 0.00 -0.02 -0.00 0.00 0.01 0.00 0.00 0.00 0.00 -0.01 -0.01 -0.01 0.02 0.02 0.03 0.01 0.01 0.02 0.02 -0.05 -0.00 0.04 0.02 MTD % -0.05 -0.06 -0.07 -0.06 0.03 0.02 0.01 0.00 0.00 0.06 0.03 0.06 -0.02 -0.02 -0.01 0.02 0.01 0.03 0.04 -0.11 0.01 -0.02 -0.04 -0.04 0.01 -0.01 -0.02 -0.01 0.01 -0.03 -0.03 -0.03 0.02 -0.03 -0.05 -0.04 -0.10 -0.09 -0.08 -0.09 -0.01 -0.02 -0.04 -0.04 -0.02 -0.05 -0.08 -0.06 -0.09 0.05 0.06 0.04 -0.06 0.01 0.02 -0.08 0.01 0.10 0.12 (local CCY) 3.27 1.77 2.85 3.81 0.38 0.72 1.48 2.05 2.61 4.63 2.27 2.00 0.90 1.57 2.13 2.20 0.07 0.01 0.02 3.63 #N/A #N/A #N/A #N/A 0.19 0.45 1.60 2.45 -0.02 0.37 1.87 2.60 3.07 1.64 1.78 3.19 1.80 2.60 1.72 3.43 2.40 3.12 2.25 2.25 2.03 3.05 2.23 3.53 3.51 2.90 1.69 2.48 1.94 1.23 2.68 3.81 5.08 2.26 3.47 Duration 1.74 4.46 8.56 18.96 1.86 2.88 4.68 8.71 19.49 2.10 4.63 8.31 1.94 4.59 8.47 14.97 1.90 4.81 9.41 20.96 1.83 4.87 9.31 22.85 2.01 4.95 9.15 20.66 1.41 5.13 8.86 22.57 1.79 4.40 9.25 16.04 1.88 4.22 9.05 14.52 1.62 3.96 9.33 17.64 1.97 4.66 10.13 17.54 1.91 4.59 8.86 14.97 1.48 4.54 8.33 15.76 0.41 5.01 6.90 INTERNATIONAL DESK E: [email protected] Friday 14th November 2014 sell buy 10yr GLOBAL UK US Japan Euro 10yr DOLLAR US Australia Canada NZ UK -11 -58 -65 sell US 101 -30 303 EUROPE Belgium Denmark France Switzerland Austria Italy Netherlands Spain Sweden Spread to Germany 2 yr -4 1 5 -14 4 57 4 49 2 US -16 Japan 168 184 Euro 138 154 -2 Canada 30 -131 NZ -177 -76 -207 -47 -54 Australia -101 -131 95 252 10 yr -15 21 36 -42 18 157 15 134 34 The information used here is obtained from sources that we consider to be reliable but its accuracy and completeness cannot be guaranteed. The opinions and conclusions contained are those of King & Shaxson Limited. ("K&S"), and are subject to change without notice. No responsibility is taken for any losses, including any consequential loss, which may be incurred by acting upon such recommendations or information. Whilst all reasonable care has been taken to ensure that the facts stated herein are accurate and that the forecasts opinions and expectations contained herein are fair and reasonable, neither the author nor K&S has verified the information contained herein and accordingly none of the author, K&S nor any of their respective directors, officers or employees makes any representation or warranty, express or implied as to the accuracy or completeness of the information or opinions contained herein and shall not be in any way responsible or liable for the contents hereof and no reliance should be placed on the accuracy, fairness or completeness of the information contained in this document. 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If you have received this facsimile in error, please notify us immediately by telephone +44 (0)20 7426 5950 and speak to Compliance). King & Shaxson Limited Reg. No. 869780, member of the London Stock Exchange, King & Shaxson Capital Limited Reg. No. 2863591and King & Shaxson Asset Management Limited Reg. No. 3870667. The Registered Office for all companies is 6th Floor, Candlewick House, 120 Cannon Street, London, EC4N 6AS. All companies are registered in England and are part of the PhillipCapital Group. King & Shaxson Capital Limited (FSA Reg. No. 169760), King & Shaxson Limited (FSA Reg. No. 179213), and King & Shaxson Asset Management Limited (FSA Reg. No. 193698) are Authorised and Regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Anasakti Thaker D: 0207 398 3114 www.KingandShaxson.com Page 3 of 3 INTERNATIONAL DESK E: [email protected]
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