US | Positioning for rate normalisation

Posted by Javier Corominas on Aug 4, 2021 9:58:00 AM

We see the strong pull back in long-term US yields since the peak of the reflation trade this year as an opportunity to enter new positions that...

US | Where are we in the business cycle?

Posted by Kathy Bostjancic on Jul 27, 2021 10:25:25 AM

Our analysis of key economic indicators suggests on balance the economy is in the mid-cycle phase of the business cycle. We believe the expansion...

Although none of the big four central banks have started tapering their QE programmes yet, monetary aggregates are being pinched from different...

Global | Holding on to our core convictions

Posted by Javier Corominas on Jun 28, 2021 1:11:57 PM

Despite a flattening of the yield curve and some position squaring of the socalled reflation trade, we believe our key asset allocation themes are...