BCA Research’s Global Fixed Income Strategy & US Bond Strategy services recommend that investors shift out of curve steepeners and into curve flatteners. Some of last week’s dramatic curve flattening should…
Highlights Fed: The Fed’s interest rate projections moved up sharply in June but its verbal forward guidance on interest rates and asset purchases didn’t change in any meaningful way. Investors should ignore the Fed’s…
Dear Client, Next week, instead of our regular report, we will be sending you a Special Report from BCA Research’s MacroQuant tactical global asset allocation team. Titled “MacroQuant: A Quantitative Solution For Forecasting…
Highlights New variants of SARS-Cov-2 will create new waves of infection, the inflation bubble is bursting, and massive slack in the US labour market will keep US inflation structurally subdued. The coming years will be defined by a…
Dear Client, Next week, in lieu of our regular weekly report, I will be hosting two webcasts where I will discuss the outlook for China’s economy and financial markets, a year into policy normalization. The webcasts will be held…
BCA Research’s US Bond Strategy service sees no implications for the Fed’s balance sheet or interest rate policies stemming from the recent uptick in ON RRP usage. The increased take-up of the ON RRP is a sign that…
Highlights Economy – We think the current hiring logjam will prove to be temporary: Once schools fully re-open for in-person learning in August and September and enhanced unemployment benefits expire, restraints on labor supply…