G10 Macro Rates: Kepler UCITS Forum
< 1 minute read time Pacific Asset Management was delighted to host clients in person and online last week on the topic of longevity and social change.
G10 Macro Rates Blog – Walking the Credibility Tightrope
3 minutes read time Their rhetoric has hardened further this year to stern language about normalising rates, controlling inflation expectations, and quickening QE tapering. As consumer savings and incomes continue to be eroded by accelerating price increases, the policy makers reaction has been accelerating too. The Bank of England followed the Reserve Bank of New Zealand and increased interest […]
Video: G10 Macro Rates: Breakfast Webinar
< 1 minute read time Pacific Asset Management’s Dani Saurymper talks to Investment week about the recent launch of Pacific’s Longevity and Social Change Fund
G10 Macro Rates Market Analysis – Weekly Review – 13th September 2021
3 minutes read time Chinese equities rallied, when trade numbers indicated a higher level of activity than expected for July against this credit supply was lower with total social financing dropping to 10.3% YoY. Evergrande, an embattled construction conglomerate, got official permission to restructure its debt leading the market to price in 75% haircut in its bonds. This negative […]
G10 Macro Rates Market Analysis – Weekly Review – 6th September 2021
3 minutes read time Euro area inflation rose to a 10-year high, printing 3%. Despite the recent return of ABBA, this is not a return to inflation from that era, even though further near-term rises are thought likely. Tellingly, ABBA now perform with “Abatars” (virtual backing singers) demonstrating why the bargaining power of the labour market is not what […]
G10 Macro Rates Market Analysis – Weekly Review – 31st August 2021
3 minutes read time Oil’s gentle decline was reversed as hurricane Ida reduced North American capacity by over 1m bpd in crude and 2m bpd in refined products. Comparisons with Katrina were feared but not realised as the storm passed through much quicker and the consequent precipitation was spread over a much larger area. Covid news was more upbeat […]
G10 Macro Rates Blog – Vulnerability to rising yields is back
4 minutes read time Find out more on Pacific G10 Macro Rates Second bite of the cherry? Global FI Macro provided positive performance early this year, when long duration struggled. We argue, that again the opportunity exists to diversify away from long bond exposure. The vulnerability of having 12 months’ worth of carry and roll wiped out by a […]
G10 Macro Rates Market Analysis – Weekly Review – 24th August 2021
3 minutes read time In New-Zealand the short-term interest rates were volatile as a single confirmed case of Delta variant forced the RBNZ to suspend a widely expected rate hike. The bank maintained its medium term economic views, so the impact beyond the 1y point was limited. Global interest rates were almost unchanged in the 10y sector but did […]
G10 Macro Rates Market Analysis – Weekly Review – 18th August 2021
2 minutes read time China opened the week with higher inflation numbers and very interestingly also announced a lower-than-expected volume of credit supplied to the economy. This had Chinese focused economists pairing back their forecasts of Q3 GDP and predicting easing being required going forwards. And at the end of the week reports of a major Chinese port shut […]
G10 Macro Rates Market Analysis – Weekly Review – 11th August 2021
3 minutes read time The other highlight of the week was the Bank of England’s meeting. The BoE reiterated its transitory view of current inflation and raised its growth and CPI forecasts as well as lowering its unemployment forecast. Another important change was lowering the trigger level for taper to a 0.50% policy rate hurdle, down from 1.50%, and […]
