The ECB will begin cutting rates in June, what does this start date imply for the yield curve and European cyclicals?
Inflation cooled for the second consecutive month in Japan with annual headline CPI inflation falling from 2.8% y/y to 2.6% y/y in December. Underlying inflation gauges also cooled, with the December prints of core and “…
An update to our outlooks for the Fed’s interest rate and balance sheet policies following this week’s remarks from Fed Governor Waller.
Decelerating nominal sales, a peaking credit cycle, and very high valuations - Indian stocks will not escape the carnage when risk assets globally begin to sell off.
Canadian government bond yields jumped on Tuesday, with the 10-year yield rising by nearly 14 basis points. While most other major DM government bonds also sold off, the move in Canadian yields was relatively more pronounced.…
The market will eventually be forced to react to rising odds of a sharp US national policy reversal. Investors should overweight government bonds and defensive equity sectors.
Canada’s Business Outlook Survey (BOS) indicator increased slightly in Q4, suggesting that sentiment stabilized at the end of 2023. In particular, easing inflationary pressures amid weaker demand and greater competition…
The Treasury curve bull steepened meaningfully on Friday with the 2-year yield falling by nearly 11 basis points versus the 3 basis point decline in the 10-year yield. A softer than anticipated US PPI release prompted this move.…
In light of the hotter-than-expected US CPI report, we look at what interest rate currency investors should focus on. Our conclusion largely keeps our existing trades in place, as published in our outlook, a few weeks ago.