As expected, the Bank of England voted to keep its bank rate unchanged at 5.25% on Thursday – maintaining policy on hold for the fourth consecutive meeting. Two of the nine MPC members voted in favor of a 25bps rise (one…
The late-2023 broad-based rally across major global financial assets fizzled at the start of this year, with most of the assets we track selling off in January. Chinese stocks continued to perform exceptionally poorly, with…
In this Insight, we share our thoughts on yesterday’s FOMC meeting and the Fed’s likely next moves, with implications for US bond strategy.
When will the US also buckle under high rates? We expect a US recession to begin around mid-year. Stay defensive.
Following the release of the white paper yesterday, today we are sending you the inaugural issue of the MacroQuant Monthly, a report summarizing the output of our next-generation MacroQuant 2.0 model.
The strong H2/2023 rally in global credit markets can be attributed to lower global inflation and the associated reduction in global interest rate volatility. However, our colleagues at BCA Research’s Global Fixed Income…
We describe and explain the wide disparity of wage inflation across G7 economies, and discuss what it means for the Fed, ECB, BoE, and BoJ policy moves in the coming year. Plus: we highlight two investments ripe for reversal, and two…
According to BCA Research’s European Investment Strategy service, European sovereign bonds in the periphery offer more upside than high-yield (HY) corporate bonds. Many question the outlook for peripheral bonds in Europe…
China’s industrial profits registered their second consecutive annual contraction last year, falling by 2.3% in 2023. The full year contraction comes despite a surge in industrial profits near year-end. Profit growth…
Is the rebound in European PMIs enough to boost the appeal of European risk assets?