There is a back-mounted fingerprint sensor in this phone.Īmong other features, there is FM Radio, Dual SIM, face unlock etc. The device comes with 64 GB internal storage and dedicated MicroSD slot. It is powered by a Mediatek Helio G80 (12nm) chipset. It has 4 or 6 GB RAM, up to 2.0 GHz octa-core CPU and Mali G52 GPU.
#Spark note pro#
Tecno Spark 7 Pro comes with 5000 mAh big battery and 10W fast charging facility. It has a punch-hole design with colorful gradient back. Tecno Spark 7 Pro comes with 6.6 inches HD+ IPS LCD screen.
#Spark note full#
We will get the February reading next week, and while the consensus is looking for some moderation, certainly not of the sort to change the current narrative.Tecno Spark 7 Pro Full Specifications First ReleaseĪlps Blue, Spruce Green, Neon Dream, Magnet Black But other data had also come in better, with one outsized surprise being the ISM services which had surged back from below 50 to 55.2. That jobs resilience is for now also reflected in the weekly initial jobless claims data seen again yesterday. Outside the eurozone it had been the resilience of the US jobs market that gave the starting shot to the current leg higher in rates – and giving the Fed more reason to fret about sticky inflation. However, we also have the feeling that given how far the EUR front-end pricing has already evolved, the further upside appears limited for now with even the ECB hawks already ‘out-hawked’ by the market. It is core inflation that remains the main concernĪ sticky core rate means no relief for central bankers and thus also little reason for markets to budge from their pricing of 125bp of further rates increases from the ECB. We have heard from European Central Bank officials that they see the peak in underlying inflation still ahead, so an unchanged rate is probably the best one can expect next week. Energy price development should bring down the headline rate from that level, but it is core inflation that remains the main concern. The markets' sensitivity was highlighted by the reaction to the upward revisions in the final inflation rate for January just yesterday, to 8.6% year-on-year in headline and 5.3% YoY in core. Highlight, certainly for EUR rates, will be the eurozone CPI flash estimate for February.
#Spark note driver#
It has become a main driver of rates direction as markets try to second-guess central bankers' actions in the months ahead.Īhead lies another data-heavy week. It is being tracked closely by central banks which have reverted to a meeting-by-meeting approach. The latter is carry negative on impact (that's the tough bit), but cumulative carry positive, provided the Fed does some decent interest rate cutting as we venture closer and through 2024.ĭata remains crucial. The 4% area for the 10yr is now offering some duration at better levels, and for corporates that are over-fixed to look to swap some liabilities to floating. So, we were cautious on Treasuries around the auctions that went ultra-well some weeks back, and we'd be more constructive into the more recent ones this week that have not gone well. That thinking remains, but as noted we'd also be slowly averaging into the higher yields now attainable further out the curve, with the 10yr 50bp higher. We noted back then that the best option was to cosy up to the ultra-front end, take the 4% handles on offer (on zero risk) and sleep easy at night. That was a time when the market was looking for any excuse to test the downside in yield.
It's in stark contrast to the stellar long duration auctions of a number of weeks back when the US 10yr was in the region of 3.4% (and lower). The market is in no mood to take down extra interest rate risk Clearly the market is not convinced that the move higher in yields is behind us. Interestingly this happens in the wake of a significant concession built into the curve in the past number of weeks.
No doubt longer duration supply would have been an even tougher ask. Not by much, but enough to show that the market is in no mood to take down extra interest rate risk. Both the 5yr and the 7yr tailed, meaning that the awarded yield was above the when-isssued (market) one. US auctions have been a tough sell this week. US auctions being shunned on 50bp concession to those of a few weeks ago
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