The Bank of England uses forward rates derived from the swap market to forecast future base rates. This approach is flawed, and has contributed to the Bank’s loss of credibility in the fight against inflation.
Continue reading..The Bank of England uses forward rates derived from the swap market to forecast future base rates. This approach is flawed, and has contributed to the Bank’s loss of credibility in the fight against inflation.
Continue reading..China’s real estate developers are frozen out of the bond markets, with steep losses priced in for bonds that haven’t yet defaulted. A sketchy regulatory rescue plan is likely to be too little, too late to make a difference.
Continue reading..Inflation-linked bonds are proving costly to governments that issued them, and in the case of the UK, markets imply the pain will last for years to come.
Continue reading..How a populist fiscal experiment brought market mayhem and ended bond investors’ patience – at the worst possible time
Continue reading..We use statistical tools to analyse how 38 currencies performed against the US dollar
Continue reading..Now that the dollar has reached 30-40 year highs against major currencies, how should non-US investors think about US stocks? We’ve built some new visualisation tools to help analyse the problem.
Continue reading..As war unfolds in Ukraine, equity markets are reflecting the abrupt change from pandemic to war.
Continue reading..What happens when inflation and quantitative easing collide? Despite the taper talk, QE isn’t going away soon.
Continue reading..Distress is building in corners of the Chinese offshore corporate bond market. What does this tell us about the nation’s relationship with foreign capital and investment?
Continue reading..Developed nations face ballooning post-pandemic debt burdens. In a QE world, does that actually matter?
Continue reading..
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