All Currency articles – Page 6
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Fed's Five Critical Issues
The Fed is facing five issues that could play a key role in its forward guidance on monetary policy, chief among them being the trade war and the economy.
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EM Debt: Investing with Cautious Optimism
Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds.
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Portfolios and Investing: If/When “Winter” is Coming?
Did the Fed over-tighten monetary policy with its nine rate hikes, paving the way for an investment ‘winter’ in equities and bond markets?
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Grain, Oilseed Prices Dance to a new Global Tune
As global crop production diversifies geographically, prices for corn, soybean and wheat are becoming more sensitive to currencies like the ruble and real.
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FX Leadership
Can the U.S. dollar maintain its leadership of global currencies amid a decelerating economy and the China trade war elevating risk in the United States?
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Market Resilience: Strength In Numbers
Concerns about where the financial markets are heading are at the forefront of many investors’ minds. The risks of a US or global recession this year continue to persist amid slowing global growth, trade tensions and worries about potential geopolitical shocks.
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Brexit And UK Defined Benefit Funding
Immediately following the EU referendum, financial markets downgraded medium-term growth expectations for the UK. Sterling weakened, long-dated government bond yields fell, and UK equity assets fell relative to international equities. Two-and-a- half years on we can see that this weakness has not unwound.
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Market Perspectives Spring fever
It’s winter still, but the weather has been exceptionally warm; markets too have got spring fever. After a dismal last quarter 2018, global equities have recouped most of their losses. And thanks to a dovish U-turn by the Fed and falling core yields, fixed income assets have done rather well, too, despite the sharp rebound in risk sentiment.
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Risk-on for Southeast Asian bond markets
Local currency debt markets in Southeast Asia have enjoyed a sharp turnaround in fortunes and their upward momentum is supported by improving economic trends.
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Gold in Central Banks’ Asset Allocation
After a long lacklustre period during the 1980s and 1990s, the price of gold has picked up significantly since the new millennium, and central banks, after having steadily reduced their allocation to gold, have resumed their gold purchases.
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H1 2019 - Emerging Markets Charts & Views: Seek opportunities, but be aware of short-term volatility
Emerging markets (EM) started 2019 on a strong footing and, as a result, some excessive valuation gaps have been partially closed. Yet, we continue to see opportunities in all EM segments (equity, bonds in hard currency and in local currency) with a medium to long-term view.
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Letters from Zambia and Kenya
PGIM Fixed Income’s Lead CEEMA Economist Giancarlo Perasso provides an on-the-ground look at the economic conditions in Zambia and Kenya following a recent trip to Africa.
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2019 long-term capital market expectations
We believe the global growth outlook is improving, supported by fiscal stimulus around the world, the pro-growth policies of the incoming US administration and stabilized growth in China. We also see inflation hovering in the moderate zone for the next five to 10 years.
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FX Options Skews: Economics and Implications
Are FX options skews a useful indicator of whether a currency will rise or fall against the U.S. dollar? We looked at some out-of-the-money puts and calls.
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Top trends in 2019 – Infrastructure Outlook
This paper focuses on three key themes in Europe and North America to help investors navigate portfolio allocation decisions.
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Trade Deals and Political Realities
Could the USMCA accord among the US, Canada and Mexico, and a potential US-China trade deal get approval from the Democrats-led House of Representatives?
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Brexit Do-Over?
Will Prime Minister Theresa May’s proposal win the day for Brexit or will there be another referendum? The British pound is caught in the middle.
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Trading U.S. Money Market Spreads with SOFR, Fed Funds, and Eurodollar Futures
Learn about using short-term interest rate (STIR) futures as an efficient tool for trading basis spreads between U.S. Money Market rates.
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Hedging Repo Exposure in the Treasury Basis with One-Month SOFR Futures
Learn how CME One-Month SOFR futures can be used as an effective tool for hedging Treasury overnight repo exposure.
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Big Challenges for Equities, Bonds and FX Markets
A series of challenges, from the debt ceiling to Fed quantitative tightening to Brexit, will be confronting a variety of markets.