Markets are pricing a return to a neutral policy stance for the major central banks within the next 12 months. However, recession risks still loom amid slowing growth. We unpack where recession risks are underappreciated and what it…

In this Insight, we highlight our strong conviction trades based on the central bank meetings held by the Bank of England, the Norges Bank, the Swiss National Bank and the Riksbank.  

The Fed’s 2025 interest rate projections reveal two camps within the committee. One group looking for no rate cuts this year and another looking for 50-bps of easing. We think the second group’s forecast will turn out to be more…

In this Insight, we look at the best trade idea from the recent rate cut by the Riksbank. 

In this note, we reaffirm our underweight position in JGBs and long yen positions given the BoJ’s meeting overnight.  

The Bank of Canada may be on hold for now, but deflationary risks are rising fast. Find out why rate cuts may come sooner than markets expect.

This Insight looks at the implications of the RBNZ’s rate cut on New Zealand assets. 

The RBA just turned dovish, but the macro data do not justify many more cuts. We unpack why Australia’s strong labor market and sticky inflation limit the scope for further easing.

The easing bias remains, but not all central banks are equal. This Central Bank Monitor update reveals who is ready to cut more and who is still pretending not to.

This week’s report looks at Japan, with the recent BoJ meeting. While a trade war has injected uncertainty into the Japanese economy, our conviction remains high that JGBs will underperform other government bond markets, and the yen…