Apart from heading Fixed Income & FX Research in Nordea's Copenhagen office, Niels maintains a strong focus on global interest rate markets - forming views and creating trading strategies for both asset and liability clients.

Prior to Nordea, Niels spent several years in London and Frankfurt for Deutsche Bank and Dresdner Kleinwort. Prior to that he has also worked for Danske Markets.

EuropeanUnion

Euro sovereign downgrades – a crisis accelerator

16 Jan 2012

France and Austria’s top AAA ratings fell victim of the sovereign debt crisis Friday night, when S&P downgraded nine of 16 Euro countries.

EuropeanCentralBank

Fixed Income Update – Beware of Collateral Crunch

5 Jan 2012

The continuous downgrade of strong rated issuers is making high quality collateral a scarce resource.

Currency_USD

Cross Currency Basis Swap – Spread Narrowing in 2012

20 Dec 2011

Taking the temperature of the cross currency basis swap market following the coordinated central bank actions to ease money market tensions.

EuropeanCentralBank

FX themes in 2012 – Market Drivers and Effects

19 Dec 2011

Our FX strategists have reviewed this years events and selected 9 themes that will drive the markets in 2012.

Denmark

Danish callables are so yesterday

15 Dec 2011

Our expert on the Danish covered bond market, Jacob Skinhøj, has taken the temperature on the Danish covered bond market following the ARM auctions, which were finalized this week.

Global

Outlook 2012 – kill or cure

9 Dec 2011

Another year is over – a new year is beginning, and kill or cure will be the theme for 2012.

Currency_EUR3

Only the ECB can help – stay low risk

3 Nov 2011

• Future path of Greece and sovereign debt crisis highly uncertain
• Only the ECB can comfort markets via committed bond purchases – directly or indirectly
• Stay in the inner AAA-space, long duration, curve flatteners and long spread-over

Video_Currency_EUR

Breaking up is hard to do – and still unlikely in the Euro area

12 Sep 2011

The Euro area debt crisis roils financial markets once again. Is a break up of the Euro area imminent or is the stand-off between Greece and Germany just another thorny step on the road? We take a look at consequences for financial markets.

Greece

FI Update: What to make of the Greek tragedy and the Fed debate?

1 Sep 2011

In the late European session on Friday, the Spiegel story that Greece was considering leaving the Euro sent jitters through financial markets.

Country_USA2

Renewed stress—is this ‘Lehman part II’?

22 Aug 2011

It feels increasingly like “Lehman” when watching financial markets these days. But, contrary to 2008, the level of stress varies significantly from asset class to asset class. If the risk of a global recession escalates the level of stress will intensify further leading to risk off.