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Correlations

Unsustainable Divergences…
August Has Been Rough On Equities (So Far…
Can EM ex-China Stocks Decouple From China…
Long Oil/Short Gold Long…
The US Dollar Is Vulnerable To A Structural Decline…
ZAR: Signal Or Noise? ZAR…
Deciphering The Signal From Singapore’s NODX…
The Dollar Breakdown And Countertrend Bounces…
The Reflation Indicator And The US Dollar…

This report looks at the relationship between rate risk and credit risk and how it has changed over time. It also makes the case for favoring agency MBS within an underweight allocation to US spread product.