Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

Gautam Jain has over 25 years of experience covering global emerging fixed income and currency markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specializes in portfolio construction, smart-beta index creation, and asset allocation. Mr. Jain holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.

FX Dashboard: Digging Deeper into Intra-Regional Correlations

FX Dashboard: Which Countries Are Intervening the Most?

Rates 10y Dashboard: Taper Tantrum Vs Current Reflationary Scare – Part 2

Rates 10y Dashboard: Mexican Rates Post MPC Decision

Rates 10y Dashboard: Implications of US Curve Steepening for EM

FX Dashboard: Taper Tantrum Vs Current Reflationary Scare – Part 1

Alpha Bites: Receive Hungary 10y Vs Pay Poland 10y Rates

FX & Rates

<p>In this week’s Alpha Bites, we recommend a 5s10s flattener in Mexico. From here, either the sell-off in global rates curtails or, if it continues, then eventually in the case of Mexico it raises outflow risks, pressuring the currency and flattening the curve with the short-end pricing in rate hikes. We recommend keeping a paying bias given that the risks are currently tilted towards the sell-off continuing.</p>

In this week’s Alpha Bites, we recommend a 5s10s flattener in Mexico. From here, either the sell-off in global rates curtails or, if it continues, then eventually in the case of Mexico it raises outflow risks, pressuring the currency and flattening the curve with the short-end pricing in rate hikes. We recommend keeping a paying bias given that the risks are currently tilted towards the sell-off continuing.

Alpha Bites: Mexico 5s10s Flattener with Paying Bias

MXN 10Y

Alpha Bites: Mexico 5s10s Flattener with Paying Bias