G10 Macro Rates: February Monthly Commentary
< 1 minute read timeG10 central banks didn’t have to push back against the rapid easing of financial conditions in January,the data did it for them. The widely held expectation of softening inflation numbers repeatedly failed toeventuate, including the core PCE in the US, a data point specifically focussed on by the US Fed Chair. As aresult, over February, […]
G10 Macro Rates: January Monthly Commentary
< 1 minute read timeAfter a rare negative underperformance of both bonds and equities in 2022, January 2023 bounced backwith vengeance. The question now being asked, is whether this momentum can be maintained as the market is now pricing the goldilocks’ soft-landing scenario driven by immaculate disinflation. G10 central banks are closing in on their end of cycle rate targets, […]
G10 Macro Rates: December Monthly Commentary
< 1 minute read timeDecember continued the trend of the previous month. Inflation data softened further, and with it a softening of the narrative for outsized hikes. The one exception being the ECB President Lagarde explicitly spelling out at least two more 50bp hikes, catching the market on the hop. China’s reopening is an oxymoron at this stage as […]
Kepler Alternative UCITS Forums: Pacific G10 Macro Rates
< 1 minute read timePacific’s G10 Macro Rates Team were delighted to be part of the Kepler Absolute Hedge Alternative UCITS Forums, speaking to delegates in London, Frankfurt and Geneva.
G10 Macro Rates Blog – What’s the alternative?
3 minutes read timeAfter historic bad returns for bonds in the first half of 2022, the traditional hedge for long equity exposure is being questioned after failing so spectacularly.
G10 Macro Rates: Kepler UCITS Forum
< 1 minute read timePacific 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 timeTheir 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 timePacific 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 timeChinese 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 timeEuro 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 […]
