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  • The market’s question for 2018: Will inflation surprise to the upside? download

    White papers 1 February 2018

    The fixed-income market in 2017 was bracketed by two momentous events: President Trump’s election and the passage in December of the first major US federal tax reform since 1986. Much of the market’s direction over the course of the year was driven by reaction to the former and anticipation of the latter.

  • Trump era signals higher rates, volatility and opportunity download

    White papers 17 January 2017

    Donald Trump’s surprising victory was a game changer for the markets. His election sparked the kind of change in investor psychology that we have not witnessed since the end of the financial crisis.

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