Professor of finance at Georgetown University’s McDonough School of Business, Dr. Reena Aggarwal, predicts an explosion in digital assets as more countries move and adopt central bank digital currencies.
As emerging economies are considering crypto and digital assets long-term, Aggarwal finds technology firms entering many financial related businesses, while regulators try to determine what to regulate and how to regulate.
You can now watch the full video at the link below
Service sectors are stronger than manufacturing globally, and strongest in Asia, post-Covid. The Fed’s pause suggests most duration risk may be behind US Treasuries, though easing awaits lower core inflation. Gilts and JGBs underperformed on higher inflation and a weak yen. Credit outperformed, helped by yield levels.
Chinese sovereign spreads fell sharply, notably vs the UK, reflecting inflation rates. China IG credit is in a sweet spot, but HY depressed by property woes, YTD, despite recoveries in June. Foreign outflows from onshore government bonds has slowed, but yuan weakness may have reduced the appeal of RMB bonds.
Canadian government bonds fell, with most G7 bonds, in the last three months as disinflation slowed and after the Bank of Canada’s surprise 0.25% rate rise, though inflation has now resumed its decline. Canadian credits still made modest gains in Q2. Canadian dollar strength reduced overseas returns in CAD terms.
Copyright © 1997–2022 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP
