Portfolio Watch: Steep, Steeper, Steepest!
What a week in global fixed income! We thankfully rotated out of bonds and into cyclical exposures in steepeners, commodities, energy and...
516 Views
Japan Watch: Flows in JPY and JGBs after the YCC decision
The change to the YCC-policy in Japan caught a majority of investors off guard, but so did the subsequent flows and moves in Japanese markets. We...
610 Views
Steno Signals #58 – The One on Banana Republics, Yield Curve Controls and the Yuge EUR Consensus
The outlook for the economy, rates, fx and other assets apparently never fails to surprise! We have thankfully made very decent returns through a...
383 Views
Japan Watch: 1% with Added Flexibility – More or Less Printing from Here?
The Bank of Japan moved the needle on the 10yr YCC from an effective cap 0.5% to a new effective cap at 1% but with a larger...
534 Views
5 Things We Watch – Fed, ECB, BoJ, RBA & Credit
It’s central bank week again! Always a busy week when the biggest central banks publish their monthly interest rate decisions, but as always we...
435 Views