A New Attraction for Emerging Dollar Debt
Borrowers from developing countries are rushing to sell debt, capitalizing on increased investor appetite and the search for high yields.Mexico led the way, starting the...
Author: J-P. Pizzini
Taiwan or a $10 Trillion Risk for the Global Economy
A war with Taiwan would have such an enormous cost that even those most dissatisfied with the status quo have reasons not to risk it....
2024, a High Geopolitical Risk
After 2023, an excellent year for risky assets despite the war in Europe and the Middle East and an increasing confrontation between the United States...
The ECB Under Market Pressure
Inflation in the eurozone accelerated in December, highlighting the challenge of reaching the 2% target set by the European Central Bank as governments withdraw support...
Germany, the New Weakness in Europe
Even if Germany finally starts to grow again in 2024, it will struggle to shake off the depression lurking behind one of its weakest annual...
Tense and Uncertain Equity Markets
The S&P 500 ended its longest streak of weekly gains in two decades. It was different from how Wall Street hoped to start 2024.Investors, who...
The Fed still anticipates that interest rates will remain high for some time
Policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time” while acknowledging that they were likely at the...
Short-term maturities will benefit from the Fed’s easing in 2024
Money market fund holders have a new reason to turn to short-term bonds. The best way to play the Federal Reserve’s pivot towards monetary easing...
The Bursting of the Chinese Real Estate Bubble: A Policy Mistake?
In 2020, the darling of bond investors was called Evergrande. Investors loved the debt of the Chinese real estate conglomerate. It was liquid, linked to...