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Weekly Bond Bulletin: There’s hope for emerging markets yet

By GFICC Investors
A weaker economic backdrop has driven a repricing in emerging market debt (EMD) in recent months. Several tail risks remain, but with valuations now looking attractive and a positive policy response in place, should investors begin to look again at the asset class?
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Weekly Bond Bulletin: Value-hunting in Europe

By GFICC Investors
The latest developments in the Italian political situation suggest it has become a domestic fiscal issue rather than a systemic risk to the European Monetary Union. Has the uncertainty created opportunities?
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Weekly Bond Bulletin: Blurred peripheral vision

By GFICC Investors
Fresh political uncertainty in Italy has been driving financial markets—with the effects extending well beyond that country’s borders. What could stem the contagion?
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Weekly Bond Bulletin: EM under pressure

By GFICC Investors
Emerging market assets—particularly currencies—have come under pressure in recent weeks. Is this a trend reversal, or has the correction created opportunities?
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Weekly Bond Bulletin: USD strikes back

By GFICC Investors
The US dollar has seen a powerful resurgence in recent weeks. Can its strength persist?
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Weekly Bond Bulletin: An emerging technical challenge

By GFICC Investors
Emerging market debt has seen a broad-based sell-off. What’s driving the spread widening, and are buying opportunities emerging?
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Weekly Bond Bulletin: Mind the policy gap

By GFICC Investors
Weak data trends outside the US point to increased monetary policy divergence in developed markets. What are the implications for positioning?
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Weekly Bond Bulletin: Tracking the technicals

By GFICC Investors
While strong fundamental data in the US has contributed to 3% yields, technicals are driving bond markets. What are the key factors to watch for?
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Weekly Bond Bulletin: Emerging markets hold steady

By GFICC Investors
Amid a concerted pickup in risk asset performance, emerging market (EM) resilience is a particular surprise. Despite negative headlines on Russia and more, EM corporates and sovereigns are holding up well.
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Weekly Bond Bulletin: Assessing eurozone growth

By GFICC Investors
Eurozone economic momentum has been slowing since the beginning of the year. Is this weakness temporary or an indication of a more significant slowdown?
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Weekly Bond Bulletin: Fed on target

By GFICC Investors
Global central banks are moving towards tighter monetary policy—with the Federal Reserve’s trajectory, in particular, looking mispriced by markets. Is now the time to go all in on short duration positioning?
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Weekly Bond Bulletin: Following the Japanese money

By GFICC Investors
With Japanese government bond yields depressed by easy policy from the Bank of Japan (BoJ), Japanese investors are being propelled into foreign bond markets. The destination of the flows is perhaps a surprise.
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Weekly Bond Bulletin: A currency tug of war

By GFICC Investors
The euro’s upward march against the US dollar has been on hiatus since the end of January. How do the arguments for the two currencies stack up, and where might they go from here?
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Weekly Bond Bulletin: Tale of two halves

By GFICC Investors
This year has so far been a tale of two halves: a surprisingly risk-on month in January, followed by a correction in February. What has been the impact on credit markets, and how will they fare in an environment of increased uncertainty?
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Weekly Bond Bulletin: EHY beyond the outflows

By GFICC Investors
European high yield has lagged the US in excess return terms so far this year, and fund outflows from the sector persist. Is there value to be found?
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Weekly Bond Bulletin: Stuck at 3%?

By GFICC Investors
The US growth and inflation backdrop continues to strengthen, yet Treasury yields are likely to remain capped around 3%. Now that the recent market volatility has calmed, we take a look at some of the factors that may prevent a further steep rise in yields—at least in the near term.
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Weekly Bond Bulletin: A local surprise

By GFICC Investors
Emerging market (EM) local bond yields have defied historical relationships by resisting much of the recent risk-off move. Can this de-correlation with risk markets persist, or are EM local bonds due for a correction?
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Weekly Bond Bulletin: Reversal or correction?

By GFICC Investors
The sharp equity sell-off that began the month has provided a reminder that markets do not move in one direction. But is this a full reversal, as we transition out of a world of easy policy, or simply a correction?
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Weekly Bond Bulletin: More than three?

By GFICC Investors
With the conditions for tighter monetary policy firmly in place, might the Federal Reserve (Fed) go faster or further than the market currently expects?
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Weekly Bond Bulletin: ECB to follow?

By GFICC Investors
With global growth strong and broad-based, several other major central banks have joined the Federal Reserve (Fed) on a tightening path. Is the European Central Bank (ECB) next?
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Weekly Bond Bulletin: Demystifying the dollar move?

By GFICC Investors
Despite positive rate differentials, the dollar’s meaningful decline has continued into the New Year. With no single culprit identifying itself, several factors may be contributing to the US currency’s ongoing weakness.
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Weekly Bond Bulletin: A stellar start

By GFICC Investors
2018 has got off to a strong start on both the economic and market fronts. Will this strength continue throughout the year, or are there clouds on the horizon?
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Weekly Bond Bulletin: Weighing the credit trade-offs

By GFICC Investors
The credit picture remains a trade-off between very strong fundamentals and tight valuations. With the technical backdrop becoming more mixed, where will the opportunities lie in 2018?
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