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: Turkey's Assets Descend into Familiar Turmoil

FX Dashboard: Contagion from Turkey Should Be Limited

FX Dashboard: Israeli Shekel Finally Starts Getting Cheaper

Rates 10y Dashboard: Higher Inflation Means Another Rate Hike in Turkey

FX Dashboard: Explaining Lira's Outperformance

FX Dashboard: Lira Is an Idiosyncratic Play

FX Dashboard: Asian Vs LatAm Currencies During the Pandemic

FX & Rates

<p>In the near-term, we see room for the Turkish lira to appreciate as it catches up with its EM peers following the aggressive rate hike by the central bank, taking the real rate to a high positive level.</p><p>The attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In the near-term, we see room for the Turkish lira to appreciate as it catches up with its EM peers following the aggressive rate hike by the central bank, taking the real rate to a high positive level.The attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

TRY

FX Dashboard: Lira Re-Engages with EM