Currency – Page 5
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FeaturesFixed Income, Rates, Currencies: Trickier than usual
Amongst the myriad of investment conundrums facing investors, one of the more pressing today is whether – or not – the US economy will overheat. Though the Federal Reserve has done a good job assuring the markets that while (US) inflation data may indeed print higher than “target”, Chair Jerome Powell will be “looking through” any rises. They have argued that these should be temporary and a dovish outlook will remain.
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FeaturesAhead of the curve: Crypto assets
It is no longer prudent to ignore the potential of crypto assets
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Opinion PiecesLetter from US: The rise of the new alternatives
Pension funds and other institutional investors used to invest in hedge funds aspiring to outperform public stock and bond benchmarks. Now, after years of disappointing performances, they have changed their attitude. They still invest in hedge funds, but the new expectation is simply to get a few percentage points above the return on zero risk investments.
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FeaturesFixed income, rates, currencies: Still missing the target
Most would agree that one data release from an important but volatile dataset – employment figures – should be read with caveats. However, the scale of the forecasting ‘miss’ for April’s US job numbers was hard to dismiss as just noise.
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FeaturesFixed Income, Rates, Currencies: A false start
While we may be approaching that ‘exit from pandemic’ moment, the exceptional monetary and fiscal responses from policymakers ensure COVID-19’s economic legacy will be felt globally for years to come.
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FeaturesFixed Income, Rates, Currencies: Rising yields signal reflation
The Federal Reserve has not hinted at its future plans to unwind quantitative easing (QE). However, markets are looking to 2013’s ‘taper tantrum’ for an explanation of the dramatic US-led bond market sell-offs.
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News
Swiss investor issues up to $500m in IPE Quest search
Plus: Benelux-based fund launches nine ‘Discoveries’ worth a combined €143.5m
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FeaturesFixed Income, Rates, Currencies: Priming the pump
Although COVID-19 infection rates are falling across many regions, the ‘success’ is more a reflection of lockdown restrictions keeping opportunities for virus spread low.
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News
Mandate roundup: Swiss investor issues IPE Quest searches for $1bn
Plus: Manco issues RFI for transfer agency, registrar services
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FeaturesFixed Income, Rates, Currencies: Same again in 2021?
The relief from the farewells to 2020, and welcoming a Brexit trade deal, has waned in the face of rising COVID-19 infection rates. There have also been further lockdowns across swathes of Northern Europe as well as in Japan, Thailand, and South Africa to name a few. The vaccine-generated light at the end of the tunnel which appeared last year, seems rather distant, and possibly dimmer too.
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FeaturesFixed Income, Rates, Currencies: A very different recovery
Amongst the remarkable happenings in 2020, from startling news of a pandemic to viable vaccine and beyond, has been the speed and scale of interventions from central banks and governments.
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FeaturesFixed Income, Rates, Currencies: Vaccine boosts bullish markets
The swings in outcome predictions as the vote counting began in the US election were large. From the realisation that there was no blue wave of Democrat success, to a possible re-election for Donald Trump, to a Joe Biden win but with a Republican Senate, it was tricky to comprehend the investment implications.
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FeaturesAhead of the curve: Gold all set to shine during uncertain times
Which asset has no cash flow or yield, has a volatility similar to equities even though its long-term performance lags behind equities, and which has also had long periods of negative returns? Gold.
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FeaturesFixed Income, Rates, Currencies: Economy reaches tipping point
The global reflation trade, and with it the outlook for further dollar weakness, seems paused as speculation on the outcome of the imminent US presidential election diverts attention and has many retreating to neutral positions.
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FeaturesFixed income, rates, currencies: Reality gap widens
August 2020 saw the US Treasury market post one of its worst monthly performances since November 2016, while global equities, led by the US, reached new highs.
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FeaturesFixed income, rates, currencies: Still facing anxious times
Developed market government bond yields have spent the summer drifting lower as risk assets traded better. However, this benign climate has not lifted the fog of confusion caused by COVID-19.
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FeaturesFixed income, rates, currencies: Dismay sets in
As lockdowns ease, particularly in the northern hemisphere and the Antipodes, economic recoveries get underway. Given the exceptional circumstances, economic forecasts and predictions may show little consensus, or potentially be wrong, the puzzling US payroll announcements for May being a vivid example.
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FeaturesThe Renminbi: A matter of trust
Only a few years ago, there was much hype about the renminbi becoming the next significant reserve currency and potentially even threatening the dominance of the dollar.
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FeaturesFixed income, rates, currencies: Unprecedented times
According to a Wall Street Journal blog, the word “unprecedented” was used in 395 of the publication’s articles in the past three months. Also popular were massive, enormous, staggering and eye-popping
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AnalysisFixed income, rates, currencies: Thinking on one’s feet
The enormous scale of national lockdowns has made it hard to keep abreast of all the extraordinary monetary interventions and fiscal support packages worldwide.
