“We had a very strong labor market report,” Mikael Nilsson Rosell, an analyst at Barclays Plc in London, told the news bureau. “The combination of the central bank repeating their concerns that too low a policy rate for too long might nourish medium-term systemic risks, and also stronger data, made the bond market sell off.”
Finance Minister Anders Borg recently said there is more downside than upside risks to the forecasts and that “there’s a significant risk that things get messy in the financial markets this autumn, that money simply rushes out of weaker countries in Europe back home to the U.S.”
Sweden is vulnerable to developments abroad as it exports about 50 percent of its output, with some 70 percent of exports goes to Europe.
Last Updated (Monday, 26 August 2013 03:07)