Liquidity Insights Overview | J.P. Morgan Asset Management

Liquidity Insights

Discover our vast array of liquidity insights covering global investment news and trends that may impact your cash portfolios

Liquidity Talk

LATEST LIQUIDITY COMMENTARY

RBA Tentative Tapering

The RBA announced its first tentative step towards tapering and eventual policy normalization.

PBOC latest deposit price reform – limited implications for cash investors

In June 2021, the People’s Bank of China (PBoC) announced changes to commercial banks’ mechanism for setting the time deposit ceiling from a multiplier method to a basis points method.

PBoC RRR Cut - A dovish policy signal

On 9 July 2021, the PBoC announced a 50bps RRR cut that will reduce bank funding costs and unleash a substantial quantity of liquidity support. The size of the rate cut surprised the market and confirmed the authority’s dovish pivot.

Monetary Authority of Singapore – Cautious optimism as recovery continues

At their latest semi-annual policy meeting, the MAS' comments was modestly upbeat and the central bank revised up their headline inflation target - both of which could have implications for SGD cash investments.

Hong Kong Budget 2011/22 - Is the glass half full or half empty

Hong Kong's 2021-22 budget was announced recently. Although there were a few specific implications for short-term interest rates, the budget and the government’s economic plans will have significant longer term implications for HKD cash investors.

RBA Divergent Difficulties

Cash investing remains extremely challenging with institutional investors trapped between an extremely dovish Reserve Bank of Australia (RBA) and markets pricing in inflation and steepening yield curves.

Chinese taper tantrum

The surprise withdrawal of liquidity by the People’s Bank of China in the last week of January triggered a spike in short-term interest rates. Aidan Shevlin, International Head of Liquidity Fund Management, shared his perspectives on China’s monetary policy.

China’s onshore corporate bond market – understanding recent market volatility

China’s bond market has seen an unusual wave of defaults over the past month – triggering a jump in credit spreads and raising investor concerns. Find out the implications to cash investments and why independent credit research remains important.

RBA's further rate cuts - when low is not low enough

The RBA cut base rates and announced the introduction a traditional quantitative easing program “to support job creation and the recovery of the Australian economy from the pandemic”. This was by far the most wide-ranging monetary policy actions by the RBA – with significant implications for the AUD interest rates and investors.

HIBOR – History does not necessarily repeat itself

Escalating political and trade tensions, strong international demand for HKD and increasing connection with China, have weakened the Linked Exchange Rate System (LERS) – with significant implications for HKD cash investors.

Reserve Bank of Australia: Able but not willing

The recent Melbourne lockdown and uneven global recovery have increased market speculation that the RBA will intervene further to support the recovery – with significant implications for the AUD and short-term interest rates.

Interbank Offered Rate (IBOR) Transition: The impact on Asia-Pacific Markets

Majority of Asia-Pacific markets administer and maintain their own IBORs, and are responding to IBOR transition differently.

Market & Portfolio Commentary

Read the latest review of Global Liquidity market and portfolio commentary across the Americas, Asia Pacific, as well as Europe and UK.

Singapore Dollar – no longer defying gravity: Implications for cash investors

The Covid-19 outbreak has accentuated the negative implications for international trade, as well as domestic productivity and tourism in Singapore.

Implications of COVID-19 outbreak for short term interest rates

The recent coronavirus (2019-nCoV) outbreak in China has increased investors’ trepidation and financial market uncertainty.

Leveraging the power of cash segmentation

The most effective strategy incorporates a clear investment policy, well-defined goals and parameters for liquidity, quality and return.

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Cash investment policy statement

A cash investment policy statement lets an organization define its short-term investment objectives and the strategies for achieving them.

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Managing your Renminbi cash needs an expert guide

We've been offering renminbi solutions since 2005, combining global expertise with local knowledge to help you navigate this complex market.

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Case studies

Read about companies with specific cash management challenges and the solutions when they worked with J.P. Morgan Asset Management.

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John T. Donohue

Head of Global Liquidity

24 years with J.P. Morgan

33 years in the Industry

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Aidan Shevlin

Head of International Liquidity Fund Management

25 years with J.P. Morgan

25 years in the Industry

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Lan Wu

Investment Specialist and Fund Manager

10 years with J.P. Morgan

13 years in the Industry

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Andy Chang

Credit analyst

7 years with J.P. Morgan

12 years in the Industry

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Dave Martucci

Portfolio Manager, Global Head of Managed Reserves

21 years with J.P. Morgan

21 years in the Industry

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Kheng Leong Cheah

Head of Global Liquidity Sales, Asia Pacific

12 years with J.P. Morgan

24 years in the Industry

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Paula Stibbe

Global Head of Liquidity Clients

10 years with J.P. Morgan

29 years in the Industry

View Full Profile

Paul Przybylski

Global Head of Product Strategy and Client Service

13 years with J.P. Morgan

20 years in the Industry

View Full Profile

Ted Ufferfilge

Global Head of Client Portfolio Management

20 years with J.P. Morgan

29 years in the Industry

View Full Profile

Claude Lam

Trader and Junior Portfolio Manager, Asia Pacific Liquidity

5 years with J.P. Morgan

5 years in the Industry

View Full Profile

John T. Donohue

Head of Global Liquidity

Aidan Shevlin

Head of International Liquidity Fund Management

Lan Wu

Investment Specialist and Fund Manager

Andy Chang

Credit analyst

Dave Martucci

Portfolio Manager, Global Head of Managed Reserves

Kheng Leong Cheah

Head of Global Liquidity Sales, Asia Pacific

Paula Stibbe

Global Head of Liquidity Clients

Paul Przybylski

Global Head of Product Strategy and Client Service

Ted Ufferfilge

Global Head of Client Portfolio Management

Claude Lam

Trader and Junior Portfolio Manager, Asia Pacific Liquidity