Highlights Confidence vs. Inflation: Global bond yields are lacking direction at the moment. The variant is setting a near-term ceiling on bond yields while the medium-term floor is established by inflation. The inflation pressures…
US investment grade and high-yield spreads have been widening since the beginning of July. Widening spreads reflect a broader phenomenon in which other riskier financial assets such as industrial commodities and equities, which…
Dear Client, I will be on vacation next week. In lieu of our regular report, we will be sending you a Special Report written by my colleagues Chester Ntonifor, BCA Research’s Chief Foreign Exchange Strategist, and Matt Gertken,…
Highlights The baht will depreciate further, given the state of the economy and external accounts. Domestic demand was already relapsing, even before the latest surge in COVID-19 cases. Now, the recovery will be delayed more. The…
According to BCA Research’s China Investment Strategy & Global Asset Allocation services, adding a simple 50-50 Chinese stock-bond portfolio may boost the return/risk profile of global multi-asset portfolios. Chinese…
BCA Research’s European Investment Strategy & Global Fixed Income Strategy services conclude that it is too early to pivot out of European credit. The teams’ new Corporate Health Monitors (CHMs) for investment grade and…
BCA Research’s US Bond Strategists have been highlighting that employment is the single most important indicator when it comes to bond yields. They expect an acceleration in the labor market recovery to spur the next leg up in…