Filtered by Subscriptions: Bonds & Equities Use setting Bonds & Equities
This report is only available as a PDF. Click to download. … Expectations of renminbi appreciation already being scaled back …
20th November 2009
This report is only available as a PDF. Click to download. … Capital controls unlikely, but rupiah to strengthen anyway …
19th November 2009
This report is only available as a PDF. Click to download. … Bubble trouble? …
This report is only available as a PDF. Click to download. … Are we really in a bubble? …
18th November 2009
This report is only available as a PDF. Click to download. … What should we make of the widening EMBI spread? …
This report is only available as a PDF. Click to download. … Is the widening in the EMBI spread a warning sign? …
17th November 2009
This report is only available as a PDF. Click to download. … Are central banks creating new asset bubbles? …
This report is only available as a PDF. Click to download. … Strong US consumption in Q3 was a one-off …
16th November 2009
This report is only available as a PDF. Click to download. … Bonds and equities are not breaking up just yet …
13th November 2009
This report is only available as a PDF. Click to download. … A darker outlook for the yen …
12th November 2009
The yield on Japanese government bonds (JGBs) has risen sharply in recent weeks. Admittedly, yields have risen in other countries. But an additional factor has been concern that the new government is loosening the purse strings when Japan can ill afford …
11th November 2009
This report is only available as a PDF. Click to download. … A tough six months ahead for Indian stocks …
This report is only available as a PDF. Click to download. … Inflation expectations may not have much further to rise …
The recent rise in longer-term government bond yields primarily reflects expectations of higher inflation. These expectations are still relatively low and could climb a little further in the coming months as headline inflation accelerates. However, we …
10th November 2009
This report is only available as a PDF. Click to download. … Bank costs to rise, regardless of Tobin tax …
This report is only available as a PDF. Click to download. … Markets shrug off rise in US unemployment …
9th November 2009
This report is only available as a PDF. Click to download. … Rates going nowhere in the majors …
6th November 2009
October was a month of two halves. The rally in risky assets that has been fuelled by central bank liquidity and signs of growth continued during the first two weeks before a significant bout of profit-taking set in. We do not expect the sell-off to turn …
5th November 2009
This report is only available as a PDF. Click to download. … Is the party over? …
The news that the Reserve Bank of India has bought gold from the IMF has been interpreted as very bullish for gold prices and bearish for the dollar. Neither is necessarily true: holdings of US currency and of gold have simply been swapped between two …
4th November 2009
This report is only available as a PDF. Click to download. … Monetary stimulus still has not done its job …
This report is only available as a PDF. Click to download. … More monetary tightening from the RBA …
3rd November 2009
This report is only available as a PDF. Click to download. … Don’t expect any change from the Fed …
2nd November 2009
This report is only available as a PDF. Click to download. … The party is not over for Russian equities – at least not yet …
30th October 2009
Stock markets have fallen sharply around the world this week, but Russian equities have performed particularly badly. We think renewed gains are likely in the near term, but Russian stocks are likely to come under significant pressure next year. The …
29th October 2009
This report is only available as a PDF. Click to download. … Treasuries won’t suffer just because the Fed stops buying …
This report is only available as a PDF. Click to download. … Treasuries – who will fill the Fed’s shoes? …
28th October 2009
This report is only available as a PDF. Click to download. … Rally in emerging market equities probably has further to go …
GDP growth in emerging markets is likely to outpace that of developed economies over the coming quarters. This, in turn, should ensure that emerging equities continue to outperform high-income country stocks. Somewhat paradoxically, given the …
27th October 2009
Asset markets have continued to perform strongly across the board, underpinned by exceptionally loose monetary policy and signs of economic growth. The favourable backdrop should persist over the next few quarters. However, many riskier asset classes are …
This report is only available as a PDF. Click to download. … Indian bonds are best avoided …
This report is only available as a PDF. Click to download. … GDP data should confirm an end to US downturn …
26th October 2009
This report is only available as a PDF. Click to download. … Gold 2,300? …
23rd October 2009
This report is only available as a PDF. Click to download. … When will China break the renminbi peg? …
22nd October 2009
A shift in rhetoric from China’s government suggests that a change in monetary and currency policy may not be far behind. But when it comes, the change will be gradual. In particular, the renminbi will move away from the dollar next year only at a slow …
21st October 2009
This report is only available as a PDF. Click to download. … EMBI spread to narrow further …
This report is only available as a PDF. Click to download. … UK inflation outlook poses no lasting threat to gilts …
20th October 2009
This report is only available as a PDF. Click to download. … How much further will the dollar fall against the euro? …
19th October 2009
This report is only available as a PDF. Click to download. … Growing Fed divisions cloud outlook for US rates …
16th October 2009
The new highs seen in recent weeks are unlikely to mark the resumption of the sustained bull market that saw gold prices quadruple between 2001 and 2008. Assuming at least a partial recovery in the dollar in the coming months, we expect gold prices to …
15th October 2009
This report is only available as a PDF. Click to download. … More to exchange rates than monetary policy …
Expectations have been growing that the central banks of Canada, Norway and New Zealand will soon join Australia on what is thought to be a prolonged tightening cycle. This has been supporting the ongoing rally in the currencies of these high-income …
14th October 2009
This report is only available as a PDF. Click to download. … Bank of Japan to withdraw emergency measures? …
This report is only available as a PDF. Click to download. … Re-pricing of oil would have little impact on the dollar …
13th October 2009
The re-pricing of oil in some unit other than the dollar should, on its own, have no direct effect on the value of the US currency. It might accelerate the rebalancing of official reserves away from US assets and would presumably be symbolic of a more …
12th October 2009
This report is only available as a PDF. Click to download. … The sweet spot for equities will eventually turn sour …
The authorities in Asia may be protesting recent strong FX gains but there is little evidence they are intervening directly. Indeed, appreciation reflects both dollar weakness and local economic strength and, while central banks will continue to challenge …
9th October 2009
This report is only available as a PDF. Click to download. … Are US earnings expectations realistic? …
This report is only available as a PDF. Click to download. … Little margin for error …
8th October 2009
This report is only available as a PDF. Click to download. … Real yields in a world of expected inflation …
