Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

This is the third edition of our monthly trade ideas recap note in which we list our current trade recommendations and discuss whether any need to be closed. We have made a total of 12 trade recommendations so far, of which 8 are in the money.

This is the third edition of our monthly trade ideas recap note in which we list our current trade recommendations and discuss whether any need to be closed. We have made a total of 12 trade recommendations so far, of which 8 are in the money.

Alpha Bites: Monthly Trade Ideas Recap (May 2021)

In this note, we discuss the adjustment higher in Poland's curve on the back of higher inflation readings and expectations of inflation rising further. These adjustments are supporting two trade recommendations that we currently have outstanding. Separately, the attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

In this note, we discuss the adjustment higher in Poland's curve on the back of higher inflation readings and expectations of inflation rising further. These adjustments are supporting two trade recommendations that we currently have outstanding. Separately, the attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

Rates 10y Dashboard: Poland’s Curve Starts Pricing in Rate Hikes

In this note, we address the question that if US rates volatility continues to come off, then which countries are most likely to attract inflows, assuming no idiosyncratic issues.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

In this note, we address the question that if US rates volatility continues to come off, then which countries are most likely to attract inflows, assuming no idiosyncratic issues.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

Rates 10y Dashboard: Which Countries Offer High Yields Relative to Their Volatilities?

In this note, we address the reasons behind the underperformance of South Korean bonds relative to interest-rate swaps and argue that further widening of the asset swap spread may present an opportunity.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

In this note, we address the reasons behind the underperformance of South Korean bonds relative to interest-rate swaps and argue that further widening of the asset swap spread may present an opportunity.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

Rates 10y Dashboard: Korean Asset Swap Spreads Have Widened

We expect long-end rates in Mexico to perform well and show that the technical backdrop is supportive with the drop in foreign positions over the past year.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

We expect long-end rates in Mexico to perform well and show that the technical backdrop is supportive with the drop in foreign positions over the past year.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

Rates 10y Dashboard: Positioning Supports Long End of Mexico

Hungary

A vanila interest rate swap us an agreement between two counterparties to exchange cashflows (fixed vs floating) in the same currency. This agreement is often used by counterparties to change their fixed cashflows to floating or vice versa. The payments are made during the life of the swap in the frequency that is pre-established by the counterparties.

Price Gauge
52-week Range	0.00 - 0.00
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HUF 10Y (HFSW10 CURNCY)

Alpha Bites: Monthly Trade Ideas Recap (May 2021)

In our monthly trade ideas recap note, we list our current recommendations and discuss whether any need to be closed. We have made a total of 12...

Gautam Jain, PhD, CFA

Rates 10y Dashboard: Poland’s Curve Starts Pricing in Rate Hikes

We discuss the adjustment higher in Poland's curve on the back of higher inflation readings and expectations, which are supporting two trade...

Gautam Jain, PhD, CFA

Rates 10y Dashboard: Which Countries Offer High Yields Relative to Their Volatilities?

In this note, we address the question that if US rates volatility continues to come off, then which countries are most likely to attract inflows,...

Gautam Jain, PhD, CFA

Rates 10y Dashboard: Korean Asset Swap Spreads Have Widened

We address the reasons behind the underperformance of South Korean bonds relative to interest-rate swaps and argue that further widening of the...

Gautam Jain, PhD, CFA

Rates 10y Dashboard: Positioning Supports Long End of Mexico

We expect long-end rates in Mexico to perform well and show that the technical backdrop is supportive with the drop in foreign positions over the...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)