The ECB’s bond purchases could lead to a scarity of government bonds. Sovereign issuance in the eurozone was strong early this year but it will shrink.
Spring is here. Equity markets are soaring, the euro is falling. It would appear that the European Central Bank (ECB) […]
The efficient market hypothesis (EMH), which posits that market prices fully reflect all available information, has inspired a lot of […]
The ECB has, for the first time, published an account of a monetary policy meeting held by its governing council. In so doing the ECB joins the ranks of other leading central banks and provides greater transparency on the factors affecting its decision making.
Summary Bund yields are now at levels implying that the eurozone has gone ‘Japanese’. We think this conclusion is premature. […]
Weak demand for oil, the rise of shale oil and OPEC’s changing behaviour is what the market’s focus has been on regarding the plunge of +50% in oil prices
Here is our analysis of the situation regarding Greece following the meeting of the finance ministers of the eurozone (the […]
In our 2015 outlook, further divergence in emerging market growth is a major theme. We believe that the existing divergence […]
On 22 January, the president of the ECB, known in some quarters as Super Mario (Draghi), announced a major expansion […]
The ECB’s decision on 22 January 2015 to launch quantitative easing sends a strong signal on the strength of its […]
This week, our chart focuses on the recent decline in oil prices and the impact on financial markets.
The recent reform of fuel subsidies by the new government in Indonesia and a policy rate hike by Bank Indonesia should help boost GDP growth.
On 21 November 2014,The PBoC took markets by surprise by announcing a cut in the 1-year benchmark lending rate and the 1-year benchmark deposit rate, while raising the deposit rate ceiling
On the 28-29 October, the FOMC held their monthly meeting. Steven Friedman reviews the FOMC minutes.
On the 16-17 September 2014, the FOMC held their monthly meeting. Steven Friedman reviews the FOMC minutes.
High-yield bonds have had a very strong bull run since 2009. Can this continue? The credit specialists from BNP Paribas Asset Management’ Multi Asset team present the investment cases for and against high-yield bonds.
Given the current expectations of rising interest rates, it could be opportune now to choose an absolute-return strategy to diversify a traditional fixed-income portfolio.
A renminbi short-duration bond strategy can offer investors a powerful blend of yields higher than those on comparable fixed-income issues, potential currency gains and diversification benefits, argues Adeline Ng, head of Asian fixed income.