market-pulse audio
Market Pulse  •  19-Oct-2020

Presidential Election Series: The Impact of the Tax and Spending Plans 

Global Fixed Income Team
Jim Caron, Portfolio Manager and Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

9920558-Insight-Tile-2x2
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global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  16-Oct-2020

The Devil Is in the Details 

Global Fixed Income Team
Our Global Fixed Income team discuss a “most challenging month for financial markets” and argue their long risk position is the best way to position portfolios.

9918636_Devil-Is-In-The-Details_Insight-Tile-1x1
 
market-pulse audio
Market Pulse  •  05-Oct-2020  •  7:43 Min

Bonds Are Repricing on the U.S. Election 

Global Fixed Income Team
Jim Caron, Portfolio Manager and Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  02-Oct-2020

Road to Recovery: 2020’s Final Lap 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
market-pulse audio
Market Pulse  •  28-Sep-2020

October Discovery: Is the Price Right?  

Global Fixed Income Team
Jim Caron, Portfolio Manager and Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  21-Sep-2020  •  6:42 Min

A Mixed Bag of Data, but Optimism About the Future 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  18-Sep-2020

Animal Spirits and the US Election: Will Momentum Stall? 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  14-Sep-2020

Consolidation Is the Name of the Game 

Global Fixed Income Team
A benign August saw positive trends continue. How long will this continue, what does this mean for fixed income investors? The Global Fixed Income team explore.

9901826_Consolidation-is-the-name-of-the-Game_Insight-Tile-1x1
 
market-pulse audio
Market Pulse  •  14-Sep-2020  •  4:47 Min

Fed Focus: Credit Rates and Solvency Risk 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  08-Sep-2020

Warning: Ice on the road ahead 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
market-pulse audio
Market Pulse  •  08-Sep-2020  •  6:01 Min

Risk Off Today, but a Silver Lining Is on the Horizon 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  31-Aug-2020  •  5:58 Min

History in the Making: A Reworking of Fed Policy 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  21-Aug-2020

Global markets: China’s positive outlook may not benefit the rest of the world  

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
market-pulse page
Market Pulse  •  21-Aug-2020

Where to Go From Here? Reimagining the Fed’s Policy Response Function 

Global Fixed Income Team
In his latest Market Pulse, Jim Caron looks at how investors are incentivized to align with the Fed's policy response function, which should broadly support asset prices and ease financial conditions.

Fixed-Income-Team-Tile
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  14-Aug-2020

The Song Remains the Same 

Global Fixed Income Team
Despite good news on the policy front, challenges remain - U.S./China relations, U.S. fiscal cliff, U.S. elections and the pandemic - yet we remain optimistic.

9887263_Song-Remains-the-Same_Insight-Tile-1x1
 
market-pulse page
Market Pulse  •  29-Jul-2020

Market Pulse with Jim Caron: The Fed Keeps Rates Low While the Dollar Weakens 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today.

Fixed-Income-Team-Tile
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  15-Jul-2020

Can It, Will It, Continue? 

Global Fixed Income Team
With infection rates rising globally we ask whether the economic recovery can continue if health and employment concerns depress earnings and spending power.

9872379_Can-It-Will-It-Continue_Insight-Tile-1x1
 
market-pulse audio
Market Pulse  •  06-Jul-2020  •  6:36 Min

Will the Sizzle Fizzle? 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
global-multi-asset-viewpoint market-pulse page
Global Multi-Asset Viewpoint  •  30-Jun-2020

Stars Aligned for Higher Inflation 

Sergei Parmenov, Cyril Moulle-Berteaux
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: "Stars Aligned for Higher Inflation."

insight-tile-GMA-Viewpoint
 
market-pulse audio
Market Pulse  •  29-Jun-2020  •  7:00 Min

Policy or Pandemic: Which Will Drive Asset Prices? 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  22-Jun-2020  •  3:45 Min

Q3 2020: Better? Yes. But Good Enough? 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse page
Market Pulse  •  19-Jun-2020

Active Management in Fixed Income: Now More than Ever  

Global Fixed Income Team
Given that interest rates are near zero, or negative, in many countries for the foreseeable future, will bonds be useful diversifiers in portfolios? Jim Caron, Global Fixed Income Portfolio Manager, thinks “yes” but the key is an actively managed focus on alpha.

9857289-ERISA-Whitepaper-Insight-Tile-1x1
 
market-pulse audio
Market Pulse  •  15-Jun-2020  •  8:12 Min

Credit Check with Richard Ford  

Global Fixed Income Team
Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  15-Jun-2020

The Tide Turns: It’s More than Hope 

Global Fixed Income Team
Despite unprecedented bad economic data and the uncertain course of the coronavirus, markets continued on an upward trajectory in May and rallied further.

9857858_GFI-Bulletin_June_Insight-Tile-1x1
 
market-pulse audio
Market Pulse  •  15-Jun-2020  •  5:48 Min

New Normal? No Such Thing. The Market is Just Establishing a New Range. 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  08-Jun-2020  •  6:31 Min

The Reopening Rally and the Fed’s Forward Guidance 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  01-Jun-2020  •  6:36 Min

Follow the Money, Find the Performance 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  28-May-2020  •  3:05 Min

In a High Yield Minute  

Global Fixed Income Team
Corporate liquidity profiles have been severely challenged during the lockdown. Sarah Harrison, Head of European High Yield, believes the policy response in Europe so far has helped stem default rates, and further action has the potential to restore investor confidence in the European High Yield asset class. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  26-May-2020

The Breadth of the Market Is Encouraging 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  18-May-2020  •  5:59 Min

Credit Check with Richard Ford  

Global Fixed Income Team
Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  18-May-2020  •  6:32 Min

Never Say Never: The Pros and Cons of Negative Interest Rates 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  15-May-2020

The Long and Winding Road 

Global Fixed Income Team
There may be many twists and turns on the road to full economic recovery, but the longer your investment horizon, the more confident we believe you should be.

9844638_Long-and-Winding-Road_Insight-Tile-1x1
 
market-pulse page
Market Pulse  •  13-May-2020

Where Are Bond Yields Going? It depends on what part of the curve you are asking about.  

Global Fixed Income Team
The goal of the Fed’s policy response function is to prevent the liquidity crisis brought on by Covid-19 from becoming a solvency crisis. Jim Caron reviews the impact on bond yields.

Fixed-Income-Team-Tile
 
market-pulse audio
Market Pulse  •  11-May-2020

Jobs Report: Is the Worst Behind Us?  

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse tales-from-the-emerging-world page
TALES FROM THE EMERGING WORLD  •  07-May-2020

Why Markets Are Partying Through the Pandemic 

Global Emerging Markets Team
Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, explains why stock markets are rallying amid the worst economic crisis since the Great Depression.

9838448-Insight-Tile-2x2
 
market-pulse audio
Market Pulse  •  07-May-2020  •  4:31 Min

Bank of England Update and U.K. Outlook 

Anton Heese
Anton Heese, European Macro Strategist for the Global Fixed Income Team, offers his perspective on the May 7 Bank of England Monetary Policy Decision. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  04-May-2020  •  8:51 Min

Credit Check with Richard Ford  

Global Fixed Income Team
Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  04-May-2020  •  4:30 Min

The Risks Ahead: An Historically Weak Jobs Report & New U.S./China Tensions 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse page
Market Pulse  •  29-Apr-2020

The Fed: Playing a Strong Hand but Unwilling to Show Their Cards 

Global Fixed Income Team
On April 29 the Fed indicated the need to keep credit flowing, for both for businesses and individuals. To date most of the Fed’s actions are supporting credit in the business sector, to the point where we do not believe the Fed has done enough with respect to consumer credit, particularly in light of their statements about keeping credit flowing to the “real economy.” Jim Caron looks at a Fed that is playing a strong hand, but unwilling to show all its cards.

Fixed-Income-Team-Tile
 
market-pulse audio
Market Pulse  •  27-Apr-2020  •  4:51 Min

Market Pulse with Jim Caron: A Big Week for Global Central Banks 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  23-Apr-2020  •  04:24 Min

EM Leaders: Looking to Future Growth 

Global Emerging Markets Team
Vishal Gupta, Portfolio Manager on the Global Emerging Markets team, discusses the impact of COVID-19 on the Emerging Markets Leaders strategy. Listen now.

GEM-Media-Tile-1x1
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  23-Apr-2020  •  2:56 Min

The Case for EM in the Post-Pandemic World 

Global Emerging Markets Team
Jitania Kandhari, Head of Macroeconomic Research on the Global Emerging Markets team and portfolio manager for the Emerging Markets Breakout Nations and Active International Allocation strategies, provides timely insights on why we believe now is the time for emerging market equities. Listen now.

GEM-Media-Tile-1x1
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  20-Apr-2020  •  6:21 Min

Whatever It Takes: Loan Programs, Oil & the Reopening of America 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse page
Market Pulse  •  20-Apr-2020

Recent Fed Actions: Implications for the High Yield Market  

Global Fixed Income Team
The Fed’s involvement in the high yield market is unprecedented, so there is no prior history to look back upon as a guide. The Global High Yield team explores how the action could impact investors.

Fixed-Income-Team-Tile
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  16-Apr-2020

The End of the Beginning 

Global Fixed Income Team
We’re hopeful that policy actions will help the economy return to normal as the health crisis recedes. But it remains unknown how deep and protracted the downturn will be as we’re held hostage to the path of the virus.

9831311_GFI-Bulletin-April_Insight-Tile-1x1
 
market-pulse page
Market Pulse  •  15-Apr-2020

Allocating Fixed Income Assets Through the Great Unknown 

Global Fixed Income Team
We are facing a health crisis the likes of which we have not witnessed for close to a century. A seismic move to de-risk portfolios has created volatility and illiquidity not seen since 2008, and it is against this uncertain backdrop we invest today. Read more about the Global Fixed Income Team’s best thinking.

Fixed-Income-Team-Tile
 
market-pulse audio
Market Pulse  •  13-Apr-2020  •  6:36 Min

Market Pulse with Jim Caron: The Alphabet Soup of Liquidity & Solvency 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  08-Apr-2020

Coronavirus: Markets’ excessive optimism 

Global Balanced Risk Control Team
In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

GBaR-Tile
 
market-pulse tales-from-the-emerging-world page
TALES FROM THE EMERGING WORLD  •  07-Apr-2020

The Strange Shape of the Coronavirus Crash 

Global Emerging Markets Team
Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, makes the case for great opportunities in emerging markets in the After Coronavirus world.

The-Strange-Shape-of-the-Coronavirus-Crash-Tile-2x2
 
market-pulse audio
Market Pulse  •  06-Apr-2020  •  4:44 Min

Credit Check with Richard Ford  

Global Fixed Income Team
Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  06-Apr-2020  •  4:27 Min

Credit Beat with Joseph Mehlman 

Global Fixed Income Team
Joseph Mehlman, Head of U.S. Credit, provides timely insights on the fast-changing world of U.S. credit markets. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse audio
Market Pulse  •  06-Apr-2020  •  6:15 Min

Market Pulse with Jim Caron: A Silver Lining - Volatility Is Dropping 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
market-pulse page
Market Pulse  •  02-Apr-2020

Building a Better Transmission Mechanism: Extending Credit to the Real Economy 

Global Fixed Income Team
It's critical to understand the policy reaction functions designed to support markets during times of crisis because it provides insight into which assets may perform best as the economy moves out of the crisis environment.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  02-Apr-2020

Active International Allocation - Market Commentary 

Jitania Kandhari, Ben Rozin
The MSIM Active International Allocation Team offers their perspective on the global markets and the AIA portfolio in the context of the COVID-19 pandemic.

Insight-activeinternationalallocationportfoliomarketcommentary-Tile-1x1
 
market-pulse page
Market Pulse  •  31-Mar-2020

Rating Agencies Action Summary 

Global Fixed Income Team
The COVID-19 crisis has disrupted supply chains of many companies and caused commodity prices to fall. How will rating agencies react to this disruption? The Global Credit research team explores.

Fixed-Income-Team-Tile
 
path market-pulse page
Path  •  27-Mar-2020

Coronavirus: Focus shifts to the US 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

GBaR-Tile
 
market-pulse audio
Market Pulse  •  23-Mar-2020  •  7:56 Min

Market Pulse with Jim Caron: Encouraging Signs Emerging From Fed & Fiscal Responses 

Global Fixed Income Team
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Fixed-Income-Team-Tile
Insight thumbnail audio icon
 
path market-pulse page
PATH  •  20-Mar-2020

Coronavirus: At last - initial signs of credible action 

Global Balanced Risk Control Team
In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

GBaR-Tile
 
market-pulse page
Market Pulse  •  13-Mar-2020

European Central Bank: Looking for Silver Linings in Disappointment 

Global Fixed Income Team
The initial market response to the European Central Bank (ECB) meeting on March 12th was disappointment – equity prices fell while Bund yields rose, depsite the ECB actually delivered nearly everything analysts had been expecting from it.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  11-Mar-2020

Energy Market Turmoil: What's Next? 

Global Fixed Income Team
After what was supposed to be a coordinated supply cut by OPEC+ to balance markets and keep oil prices high, Saudi Arabia and Russia instigated an oil price war.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  11-Mar-2020

Coronavirus: Positioning Portfolios for a Delayed Recovery 

Global Balanced Risk Control Team
In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

insight-coronavirus-tailrisk
 
market-pulse tales-from-the-emerging-world page
Tales From the Emerging World  •  10-Mar-2020

Our Coronavirus Worries Are a Bit Different 

Global Emerging Markets Team
Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, offers his perspective on the burgeoning coronavirus epidemic and its potential impact on the markets.

9813764-Insight-Tile-1x1
 
market-pulse page
Market Pulse  •  03-Mar-2020

Emergency Fed Cut: Not a Vaccine, but a Treatment for Symptoms 

Global Fixed Income Team
On March 3, the Federal Reserve cut rates by 50 basis points (bps) to between 1-1.25%. What should fixed income investors make of this move?

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  02-Mar-2020

Update on Coronavirus and the Markets 

Global Fixed Income Team
By now it’s clear the Coronavirus will have at least a short-term impact on the global economy. The question is, how do fixed income investors move forward?

Fixed-Income-Team-Tile
 
global-multi-asset-viewpoint market-pulse page
Global Multi-Asset Viewpoint  •  02-Mar-2020

Global Recovery Delayed, But Not Derailed 

Sergei Parmenov, Cyril Moulle-Berteaux
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Global Recovery Delayed, But Not Derailed."

gma-viewpoint-will-turkey-be-brazil
 
global-fixed-income-bulletin market-pulse page
Global Fixed Income Bulletin  •  29-Feb-2020

It’s All About the Virus 

Global Fixed Income Team
It’s now clear the coronavirus pandemic will have a meaningful impact on the global economy. As long as the virus’s impact remains disruptive rather than destructive, we should be fine, eventually.

9820792_itsallaboutvirus_Insight-Tile-1x1
 
market-pulse page
Market Pulse  •  25-Feb-2020

How to Read the Drop in U.S. Treasury Yields 

Global Fixed Income Team
The U.S. 10 Year has reached historic lows. Jim Caron explores what that could say about the state of the U.S. economy.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  12-Feb-2020

The Coronavirus and Its Impact on the Global Market 

Global Fixed Income Team
What will be the long-term impact of the Coronavirus on the global economy? Jim Caron thinks it all depends on the shape of the eventual recovery.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  12-Jan-2020

If the economy is so darn good, why are yields so darn low?  

Global Fixed Income Team
Data is getting better, but bond yields are not following. What's going on here? Jim Caron explains.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  18-Dec-2019

U.S. - China Phase 1: More a Truce Than a Deal, but a Step in the Right Direction 

Global Fixed Income Team
On December 15 the U.S. and China stopped the “rock throwing” as no new tariffs were announced by either of the antagonists. And while there is no official deal in place, this “truce” is clearly a good first step, as outlined by Jim Caron.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  13-Dec-2019

December FOMC: Connecting the Dots 

Global Fixed Income Team
After three rate cuts in 2019, the Fed indicated that it would not touch rates in 2020, instead forecasting that its next action would be a rate increase in 2021. The market, however, has a different view, pricing in a rate cut at the end of 2020.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  27-Nov-2019

Top 10 for ‘20 

Global Fixed Income Team
In our view, 2019 was a mid-cycle reset where the Fed cut rates three times, capital expenditure bottomed out and global GDP slowed. The bad news is that yields are low and investors are long on duration, a big risk given that the Fed will likely stay on the sidelines and not lower rates in 2020.

Fixed-Income-Team-Tile
 
market-pulse page
Market Pulse  •  19-Nov-2019

From Mid-Cycle Reset to Cyclical Recovery 

Global Fixed Income Team
This time last year the market projected the economy was headed into a recession, and the Fed engaged in a policy mistake by planning to hike rates above 3.00%. Instead, what we realized was 75bps of rate cuts along with cuts from global central banks and a restart of quantitative easing (QE).

Fixed-Income-Team-Tile
 
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