Latest News,
Views & Blog

Multi-Asset Blog

Read More

Emerging Market Viewpoints

Read More

G10 Macro Rates Blog

Read More

In the News

Read More

G10 Macro Rates Market Analysis – Weekly Review – 11th Nov 2019

11 November 2019

With the Pacific G10 Macro Rates Team

Global Macro Overview
Trade Wars and stabilising data continued to drive financial markets last week. As both sides of the trade dispute started sending positive signals towards the end of the week, financial markets embraced risk-on environment – equities rallied to new highs and 10y US Treasuries sold off close to 15bps. 

Read More

G10 Macro Rates Monthly View – Normality returns, or has it?

07 November 2019

G10 Macro Rates Monthly View
With Shayne Dunlap, Co-Portfolio Manager

Normality returns, or has it?
October brought a welcome period of “normal” markets. Improved sentiment on the two big pressing issues, Brexit and US China trade talks, allowed some upward movement in curves and yields from their stretched lows. This created a more balanced environment where buyers and sellers appeared in more equal measure and market volatility reduced.  

Read More

Multi-Asset – CIO Monthly View – October 2019

05 November 2019

CIO Monthly View with Will Bartleet, CIO and multi-asset portfolio manager at Pacific Asset Management

Brexit negotiations dominated the returns for Sterling investors in October as the Pound bounced on the hopes of a deal between the UK and Europe. In a month of high drama in UK politics, Parliament voted through Prime Minister Johnson’s deal but voted down the government’s attempt to push through the deal before 31st October. Whilst the end game remains highly uncertain, the reduced likelihood of a no deal Brexit led to a rally in Sterling against all major currencies.  

Read More

G10 Macro Rates Market Analysis – Weekly Review – 4th Nov 2019

04 November 2019

With the Pacific G10 Macro Rates Team

Global Macro Overview
A very busy macro week with elections in Argentina and one region in Germany. There were central bank meetings in USA, Canada and Japan, whilst data was released for PMIs, jobs, inflation and GDP.

In general the story of weak manufacturing has been borne out, with economies dominated by trade or manufacturing seeing weaker or contractionary PMIs (Taiwan, South Korea, Japan, Sweden) and those that are more insulated from these economic forces in expansionary territory (Norway, Netherlands, Canada, USA). With China appearing on both sides, depending on which PMI you chose to look at and the USA’s ISM showing a similar split in subcomponents – does this indicate a turning point in the global economy? 

Read More