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APAC Supply Stats: September Broke Monthly Volume Record
The APAC primary US$ market produced a blowout record US$64.224bn of supply in the historically active month of September.
European Structured Finance: Q3 Supply in Review
July and late September flurry boosts Q3 volumes but market still lagging 2019 by 35%.
EMU Inflation Dynamics Supportive of More Easing
In case anyone thought that headline EMU CPI was bad at -0.3% y/y in September, at least this had the excuse of being weighed by energy prices which were -8.2% y/y. Not so for the underlying inflation dynamics. Record low core, services and core-goods (i.e. ex-energy) is a serious concern for the ECB.
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