Hopes of a soft landing for the US economy will intensify over the coming months, allowing equities to rally. However, even if an equilibrium of high employment and low inflation is reached, it will be difficult to keep the economy…
In EM ex-China, growth will continue decelerating. Some economies will experience an outright recession, while most will have a growth recession. Nearly every single economy will experience a cyclical drop in inflation (with the…
We remain bullish the yen, despite the BoJ maintaining yield curve control. In this report, we outline a few reasons for this stance.
We remain bullish the yen, despite the BoJ maintaining yield curve control. In this report, we outline a few reasons for this stance.
This insight presents an outlook on USD-Denominated Emerging Market Bonds.
BCA Research’s Global Fixed Income Strategy service recommends a neutral overall allocation to ILBs in global fixed income portolios. At the country level, go underweight Italian and French inflation-linked bonds. The…
Speculative-grade US corporate bonds have been rallying alongside other risky financial assets recently. In particular, yields on US junk bonds have declined by roughly 160bps since early October and credit spreads have narrowed…
In this Strategy Insight, we assess the best and worst opportunities for inflation-linked bonds within the major developed markets. We see a case for underweighting inflation protection in the euro area, while overweighting Japanese…
While the housing downturn will be fairly mild in the US, it will be more severe abroad. Continue to favor bonds of countries whose housing fundamentals will limit rate hikes.