Buy High Yield / What to Expect on Rates Repricing / Global Growth Rotation

(1) Global Growth Rotation – A Positive for Asia (3 min read)
Caroline Grady looked at why Asia stands to benefit from the shift towards a more US-led global growth story. The dominance of electronics exports and some intra-regional trade effectively destined for the US are two key reasons.

 (Caroline Grady │ 1st April, 2021)

(2) High-Yield Credit Is Still a Buy(2 min read)
Contained moves in high yield spreads during recent volatility in equity and rates reflects strong underlying fundamentals, writes John Tierney. He remains positive on credit and highlights which ETFs will give broad credit exposure.

(John Tierney │ 1st April, 2021)

(3) CAD, GBP Curves Could Be Mispriced (3 min read)
Several major central banks, including the Fed, BoE, BoC and RBA, have adopted a policy of benign neglect over recent curve steepening, writes Dominique Dwor-Frecaut. But several factors point to shifts ahead.  

(Dominique Dwor-Frecaut │ 1st April, 2021)

The New York Fed DSGE Model Forecast—March 2021 (Liberty Street Economics, 3 min read)

Retail participation in capital markets soars (OMFIF, 2 min read)

Three steps to stop the health crisis turning into the biggest emerging market debt crisis (VoxEU, 6 min read)

Is the Asian Century Really Here? (Project Syndicate, 3 min read)

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)