IPE D.A.CH Interview with Dr Richard Marshall
6 minutes read timeRichard Marshall, Portfolio Manager of the Pacific G10 Macro Rates team interview with Frank Schnattinger from IPE D.A.CH.
G10 Macro Rates: November Monthly Commentary
2 minutes read timeNovember was a sharp reversal of trends seen in the prior months and all the volatility in rates was very much a push back against the “higher for longer” mantra.
G10 Macro Rates: October Monthly Commentary
< 1 minute read timeThe Pacific G10 Macro Rates team discuss the impact of October being the first month since January 2022 to not have a single G10 central bank move a base rate higher.
G10 Macro Rates: September Monthly Commentary
< 1 minute read timeShayne Dunlap, Richard Marshall, and Oleg Gustap from the Pacific G10 Macro Rates team discuss the benefits of steepening yield curves on the portfolio.
G10 Macro Rates: August Monthly Commentary
2 minutes read timeThe Pacific G10 Macro Rates team discuss strategic portfolio positioning, which this month benefited from the steepening yield curves and the continued softening in data from the lagged impact of monetary tightening. This gives the team confidence in the future opportunities for healthy returns, read the full commentary here.
G10 Macro Rates: July Monthly Commentary
2 minutes read timeWas July the end of the beginning, or the beginning of the end of the current rate hiking cycle? Most G10 central bank rate paths are now priced at, or close to peak rates. The softening of July data in Europe and the US provoked a dovish hike of 25bps each. Other than jawboning from […]
G10 Macro Rates: June Monthly Commentary
2 minutes read timeJune proved to be yet another brutal month for UK rates, The pressure for central banks to stay hawkish has been amplified as presented by the G4 at last week’s Sintra conference. UKs core inflation is stubbornly persisting and, in many ways, has acted as a warning to other central banks. Canada and Australia resumed […]
G10 Macro Rates: May Monthly Commentary
< 1 minute read timeMay was choppy, symptomatic of a near end to a rate hiking cycle. The monetary disparities between G10 countries being illuminated as the RBNZ hiked 25bp and indicated a peak, The Fed hiked 25bp and hinted at a pause, the ECB hiked 25bp but stayed firm on at least 2 further hikes, the RBA hiked […]
G10 Macro Rates: April Monthly Commentary
< 1 minute read timeSo much of the last 6 months has seen flows reverse direction from the prior month, April was no exception. The fear of financial contagion in March was replaced by calm and consistent Central Bank messaging from the Fed, ECB and BoE regarding financial stability and inflation focus. This led to markets backing up yields […]
G10 Macro Rates: March Monthly Commentary
2 minutes read timeSomething finally broke, in fact a few things did. March was dominated by record deposit withdrawals after the demise of a few banks, some American and one Swiss. The gist being that 475bp of tightening in a little over a year by the US Federal Reserve had not been a common scenario for risk models. […]
