Policy
Fade US Dollar Strength…
US Election: Echoes of 2016…
A Donald Trump victory would send bond yields higher during the next few weeks, but yields will fall in 2025 no matter the election outcome.
Dear client, We are launching a new type of Daily Insight titled “Cross-Asset Focus”, where we delve into the dynamics between multiple asset classes, tying them to the current macro and market regimes. The inaugural entry looks at the dynamics between equities and bonds since the August…
A “No-Landing” Playbook
A…
Fade Higher US Treasury Yields…
The Trump Trade And EM Fixed Income…
As the odds of a Trump victory increase, there are indications that the “Trump trade” has commenced in global financial markets, with negative short-term implications for EM. In short, the US dollar will strengthen, and US bond yields will rise in the lead-up to and after the election if Trump wins. In response, EM countries’ currencies will depreciate, and their fixed-income and equity markets will suffer over the coming months.
UK Housing At Crosswinds…
A Re-Heating Risk?
A Re-…