Will Brazil’s outperformance continue under Lula?
Brazil is at the end of its monetary tightening cycle; inflation is slowing down, and the country is richly endowed in energy and commodities. Since the start of the war in Ukraine, Brazil has seen inflows worth about US$9bn into local equities. For bond markets, Lula’s victory in the presidential election could mean a shift […]
Credit markets? They’re too cheap to ignore
Fast reading: Yields and prices are at levels we have not seen for more than a decade, indicating that a moderate recession and even some systemic stress are already in today’s prices. Investors in the investment grade market today are receiving a yield similar to one year ago from a CCC-rated index. How does credit […]
The art of going against the grain
Asia ex-Japan’s ten-year anniversary
Central banks ramp up rates in shadow of recession
market snapshot
Markets take fright as Xi assumes total control
market snapshot
Inflation still stubbornly high despite central bank hikes
market snapshot
Spectrum Q3 2022
Have alternatives gone mainstream?
View from Private Markets: Reappraising the value of real estate debt
Fast reading In the years following the global financial crisis, low rates reduced absolute returns for real estate lenders, but that is set to change now that rates are rising. Defensive real estate debt strategies should be largely protected from short-term property value declines, and may actually benefit from the rising rates environment. An allocation […]
UK government woes continue to overshadow markets
market snapshot
360°, Q3 2022
Rates, recovery, recession
