Mid Week Bond Update

U.S. Data: Higher Than Expected

U.S. economic momentum is a more tangible reality for markets this week than trade war with China; German bunds continue to flirt with zero, but maybe for not long; Turkey takes effective but unpalatable medicine on interest rates.

Around the Curve

The Deal on the Dollar: Divergence

The story behind the forces driving the dollar to its current levels -- and what could happen next.

U.S. Inflation: A Step Slower

U.S. inflation took a brief breather in August; the ECB added some encouraging words to its unchanged stance; Russia's central bank made a normal, if unexpected, rate hike to stave off future inflation.

Mid Week Bond Update

Emerging Markets: Buying Fear

Emerging market bonds and Italian government debt bounced back from market lows; 10 years after the financial crisis, the market for residential mortgage backed securities looks very different.

U.S. Jobs: Good News. vs. Market News

The August jobs report came in with strong headline figures, spooking bond markets already nervous about other signs of growth; Eurozone growth had a solid summer; Argentina and Turkey followed their own paths toward recovery

Navigating Emerging Markets

Mexico's New Deal

Only a few months ago, NAFTA (the North American Free Trade Agreement) looked dead in the water. The US seemed hell-bent on walking away from the 24-year-old deal, while Canada and Mexico were unwilling to concede any ground.

Around the Curve

Emerging Markets: The Never Ending Story

In a market where contagion fears can run wild, it is important to revisit the thesis that not all emerging markets are lemons.

Mid Week Bond Update

The Dollar: How High is Up?

The greenback's move is best understood in the context of the past five years; some troubled EM countries are taking positive steps; Italy's leadership appears to have committed to meeting EU budget guidelines.

EM Duel: Argentina and Turkey

The countries with the two worst-performing currencies in 2018 are taking very different paths to resolving their challenges; Italy added a second budget conflict to its agenda.

Around the Curve

Developed, Emerging Yields: Different Apples

Explaining current valuations, thematic factors, our point of view, and some of the risks. Part 2 of 2

Mid Week Bond Update

Fixed Income Headlines: Italy's Turn

Attention now returns to Italy, where coalition politics and the upcoming budget negotiations intersect with EU realities.

Around the Curve

U.K. Pre-Brexit: Solid. Three Scenarios

“Brexitville” has been busy lately. Before discussing the state of play, here's a look at the U.K. economy, which continues to display remarkable resilience despite the uncertainty.