News & Insights

AUTUMN STATEMENT – FIXED INCOME REACTION

AUTUMN STATEMENT – FIXED INCOME REACTION

Given the intense anticipation for the Autumn Statement please find below our market update and a summary of the macro impact. Post Autumn Statement Market Update The fiscal consolidation package, alongside Hunt’s reiteration of his support for the Bank of England...

UNCERTAINTY, INFLATION AND THE US FEDERAL RESERVE

UNCERTAINTY, INFLATION AND THE US FEDERAL RESERVE

The markets have been on a rollercoaster ride over the past couple of weeks. Initially there was a significant drop in equities and a rise in bond yields following the US Federal Reserve (Fed) statements on the 2nd of November. This was quickly followed by a large...

Can the central banks pull off a soft landing?

Can the central banks pull off a soft landing?

There is an increasingly big gap appearing between official economic forecasts (the consensus is for a soft landing) and market expectations (inverted yield curves, higher market volatility, and falling risk assets) that are beginning to discount a greater probability...

What are central banks trying to achieve?

What are central banks trying to achieve?

The focus seems to be on demand destruction to take inflation back to target. Fed set on a quick path to a terminal rate above.4%. ECB and BoE following suit, even with weaker economies. Some central banks (BoC and RBA) taking their foot off the pedal. Central Bank...

ANDPAPERS Q4 2022 | WINTER IS COMING

ANDPAPERS Q4 2022 | WINTER IS COMING

Q3 began with a glimmer of hope for markets. Expectations that the Fed could start to pivot (given concerns about slowing growth) translated into a significant rebound from mid-June lows. By mid-August, the rally had come to a screeching halt: a high US inflation...