Special Report

This week’s Special Report uses our Golden Rule of Bond Investing to forecast US Treasury returns for 2023 under different economic scenarios.

Special Report

In Part I of a long-term series on currency valuations, we show that a simple PPP model has a good track record of predicting long-term currency returns (over 3-to-5 years).

This insight presents an outlook on USD-Denominated Emerging Market Bonds.

Special Report

Highlights The recent decline in the US equity risk premium raises an important question for investors: are the structural risks facing the US or global stock markets higher or lower today than they were prior to the global financial…

Recession is not yet fully priced in, so markets have further to fall next year. But watch for a buying opportunity in the second half.

Special Report

This week we present six key investment views for 2023.

In Section I, we note that while recent inflation developments point to some supply-side and pandemic-related disinflation, they also point to potentially stickier inflation over the coming several months. The inflation, monetary…

This week’s report takes a look at risk-adjusted return opportunities in US spread product.

The Fed’s tone has taken a decidedly dovish turn during the past week and, despite September’s hot CPI print, there is mounting evidence that a period of disinflation is coming. This makes the case for a pause in the Fed’s tightening…

Our preferred tactical global fixed income trades for the rest of 2022 into early 2023 are all expressions of our views on relative monetary policy shifts within the main developed market economies. These involve bets on a…