Fixed Income
In light of this week’s RBA decision to keep policy on hold, we look at the best possible trades in fixed income markets. In our view, inflation-linked bonds, relative to nominals remain a good bet.
European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?
Our reaction to this morning’s CPI report and this afternoon’s FOMC meeting.
The ECB is now firmly in easing mode, even if it refuses to pre-commit to a specific rate path. What does this data dependency mean for the euro and European yields?
Although the comprehensive economic surprise indexes continued weakening in May, the metrics in our equity downgrade checklist haven’t softened enough to check more boxes now. While we continue to expect the US economy will enter a recession before year end, it is not yet certain and we remain tactically neutral.
US Treasury yields bounced after this morning’s employment report. We offer our updated views about how long the recent trading range will hold.
