J.P. Morgan 2019 LTCMA Volatility Assumptions
Managing illiquidity risk across public and private markets
J.P. Morgan 2019 LTCMA Fixed Income Assumptions
J.P. Morgan 2019 LTCMA Currency Exchange Rate Assumptions
Developed market governments aren���t tackling high public debt levels, dating back to the global financial crisis. Will high debt to GDP lead to political pressure on central banks to keep rates low?
Recessions are milder and less frequent, while recoveries are weaker. The business cycle has not been eliminated, but perhaps it has been tamed.
LTCMA 2019 Theme: Will debt be a drag?
LTCMA 2019 Theme: Smaller cycles in a trend: The growing stability of the global economy.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
Using our 2019 Long-Term Capital Markets Assumptions and our estimate of the average current pension profile, we projected forward the buyout position of the average UK pension scheme.