Securitized Products
Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (May 17 at 9:00 AM EDT, 14:00 PM BST, 15:00 PM CEST and May 18 at 9:00 HKT, 11:00 AEST). In addition, we are sending this Quarterly Chartpack that provides a recap of our key recommendations and some charts…
Highlights Chart 1Past Peak Inflation
Past Peak Inflation…
Executive Summary A housing slowdown has begun and it will proceed in three stages. First, rising mortgage rates will lead to slowing demand. Second, weak demand will push inventories higher and cause home prices to decelerate. Finally, construction activity will trend down signaling a peak…
Highlights Chart 1Reduce Credit Exposure
Reduce Credit Exposure…
Highlights Chart 1A Tough Balancing Act For The Fed
A Tough Balancing Act For The Fed…
Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (February 15 at 10:00 AM EST, 15:00 PM GMT, 16:00 PM CET). In addition, we are sending this Quarterly Chartpack that provides a recap of our key recommendations and some charts related to those recommendations…
Highlights Chart 1Most Sectors Have Fully Recovered
Most Sectors Have Fully Recovered…
Highlights Chart 1Stick With Steepeners
Stick With Steepeners…
Highlights Below-Benchmark Portfolio Duration: Bond investors should keep portfolio duration low in 2022. While the market’s pricing of the expected Fed liftoff date and initial pace of rate hikes is reasonable, terminal fed funds rate expectations are far too low. Own Treasury Curve Steepeners…
Highlights Chart 1Curve Flattening Is Overdone
Curve Flattening Is Overdone…