This week, we present our quarterly review of the BCA Research Global Fixed Income Strategy (GFIS) model bond portfolio for Q3/2022. We also discuss the model portfolio’s expected performance over next 3-6 months after our recent…
This week’s Global Investment Strategy report titled Fourth Quarter 2022 Strategy Outlook: A Three-Act Play discusses the outlook for the global economy and financial markets for the rest of 2022 and beyond.
Executive Summary Upward Repricing Of Bond Yields Continues In this report, we discuss our move last week to shift to a below-benchmark overall global duration stance in more detail. Our strongest conviction view on…
As expected, the Bank of Japan maintained its ultra-dovish policy stance on Thursday. It left the policy rate on hold at -0.1% and kept its pledge to purchase 10-year bonds at 0.25%. Governor Kuroda noted that “there will…
The hotter-than-expected August US inflation report created a strong tailwind for the dollar on Tuesday, with the DXY soaring by 1.4% on the day. Curiously, the Japanese yen – which is the worst performing major currency…
The final estimate of Japan’s second quarter GDP growth indicated that the economy grew at an annualized 3.5% q/q, from 2.2% in Q1 and largely surpassing prior estimates of 2.9%. A 2% q/q growth in business spending was the…
BCA Research’s Foreign Exchange Strategy service concludes that underlying inflation and growth trends in Japan are nowhere close to justifying an end to Yield Curve Control (YCC) or even a mere upward tweak of the current…