Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Foreign Exchange Intervention and Buybacks Masks US Treasury's Concerns About Rising Bond Yields

The Treasury Put, Financial Stability and the Road to Fiscal Dominance

US Treasuries: The Battle for Price Discovery Versus Financial Repression

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The arrival of higher inflation due to the Middle East conflict has presented headwinds for sovereign bond markets as central banks contemplate having to raise their respective policy rates.</li>
<li>US Treasury investors are fearing the potential arrival of fiscal dominance over monetary policy, whereby the Fed keeps interest rates low to suppress debt servicing costs.</li>
<li>G-7 fiscal sustainability is being challenged by governments' commitment boost defence spending without details of funding. Higher permanent defence spending has significant implications for productivity, corporate profitability and inflation.</li>
</ul>


The arrival of higher inflation due to the Middle East conflict has presented headwinds for sovereign bond markets as central banks contemplate having to raise their respective policy rates.
US Treasury investors are fearing the potential arrival of fiscal dominance over monetary policy, whereby the Fed keeps interest rates low to suppress debt servicing costs.
G-7 fiscal sustainability is being challenged by governments' commitment boost defence spending without details of funding. Higher permanent defence spending has significant implications for productivity, corporate profitability and inflation.


Geopolitics Ensuring Sovereign Bond Markets Will Face Prolonged Headwinds