Years in the bond markets:
Macro economics and corporate bonds
Espresso, my dogs, wine tasting, entrepreneurship, sailing, meditation and Travelling
Rosalen (my wife!), Iron Man, Larry Page, Sergey Brin, and the Ashoka Network
After a significant policy error at the end of last year, Argentina has once again found itself in trouble – and back in the headlines – in recent months, suffering from dented credibility and a fast depreciating peso. This morning on BVTV, I look at whether current levels now offer a buying opportunity.
Also this morning: what’s behind EM FX market weakness, and is it actually a US dollar sto… Watch the video
President Trump has sent shockwaves through the global business community with his decision to impose tariffs on steel and aluminium imports to the US. Will this protectionist move prove to be the catalyst for an eventual downturn in global economic growth, and what are the implications for equity and bond markets? Randeep Somel, deputy fund manager in M&G’s equities team, joined me this mornin… Watch the video
With the European economy growing at its fastest pace for a decade – and with Italy itself seeing an impressive return to growth – the uncertainty of an Italian election is something investors will be keeping a close eye on. The country goes to the polls on 4 March, although the outcome is unpredictable with many observers expecting a hung parliament and no outright winner.
To discuss the poten… Watch the video
Saudi Arabia, Yemen, Lebanon. The political risk spotlight has swung largely away from North Korea in recent days – despite President Trump’s visit to the region – and towards the Middle East. Fears of a wider regional confrontation have grown after an anti-corruption drive by Saudi Arabia’s young heir apparent, the firing of a missile from Yemen at Riyadh that the Saudis have blamed on Iran an… Watch the video
In today’s environment of solid, synchronised economic growth and low volatility, it is easy to believe such conditions are well set to continue. Did you know that we are now in the third longest bull run in the history of financial markets?
This week on BVTV I look back at the run-up to previous market bubbles and discuss what the Fed’s long-awaited balance sheet reduction announcement could m… Watch the video
Oil has entered a bear market, despite OPEC’s ongoing supply reduction of 1.8m barrels/day, which started in January 2017 and is set to continue until March 2018. How are fixed income markets reacting? Also, Argentina has been in the news twice this week: successfully tapping the market for the $2.75bn sale of a 2117 bond, but failing to make MSCI’s upgrade from frontier to emerging markets. Ho… Watch the video
Tune in to our latest edition of BVTV, where this week I discuss:
- The Fed hiked again! How did markets react?
- The ride of EM currencies to date
Watch the video
Join us on Bond Vigilantes TV, where this week we discuss:
- Which developed market currency is behaving like an EM?;
- UK and US inflation data: fasten your seat belt (an interview with a special guest);
- Economic insights from Trump’s inauguration day.
We will also discuss about upcoming events for the week in the economic calendar. Tune in!
Watch the video
This week on BVTV Nicolo Carpaneda discusses what’s behind the recent sell-off in government bond yields. He takes a look at some surprising updates from the US and asks the question: who is suffering one of the hardest recessions in history? Nicolo also previews the week ahead in the bond markets. Tune in to find out more. Happy Halloween!
I recently visited Hong Kong and Singapore to attend some conferences and meet clients in the region. While travelling, I put together a short video to share some of our views on Asian emerging economies and emerging markets in general.
As recently reported in Claudia’s Panoramic outlook here, following both the 2013 sell-off and the recent EMFX volatility experienced earlier this year, investo… Read the article