September Global Macro Monthly & Investment Strategy - Biden his time

The US has seen fewer new virus cases since its summer peak, but the virus is rising sharply in some European countries and across emerging markets more broadly

Focus on the swoosh or the push?

The recent dataflow is consistent with our base case: the world’s economy is not experiencing a “V-shape” recovery, but rather is following a “swoosh” trajectory in which after an initial spectacular ...

Asian Credit Strategies: Wavering rally to test investment convictions

Some encouraging signs of macro recovery benefitting from strong central bank support as well as fiscal policies; concerns remain over virus containment and impact

The world’s factory in COVID-19: Can China secure its supply chain kingdom?

The Chinese economy has faced dramatic challenges over the past two years. The US/China trade war and the COVID-19 pandemic have delivered short-term shocks and left lingering long-term questions una ...

Word Up

Risk-free yields and curves are range-bound and will remain so as central banks strengthen their resolve to encourage a rise in inflation.

Sterling Credit Short Duration strategy Summer rally continues

Credit spreads further tightened thanks to a sustained level of monetary and fiscal support

Global Short Duration strategy Summer rally continues

Credit spreads further tightened thanks to a sustained level of monetary and fiscal support

Why short duration Asian bonds could be a flexible and well-timed play on market uncertainty?

Specific and Limited Bearishness

Politics in the US and the UK are contributing to market moves. Uncertainty over US election outcomes is growing, and the stock market seems to be going through a pattern that has been seen in previo ...