ByGeorge Goncalves
John Butler
October 22, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
October 22, 2020Summary TIPS-implied real rates are being driven lower by supply/demand imbalances, the Fed’s forward guidance on interest rates and balance-sheet policies, and…
By
Bilal Hafeez
October 08, 2020
In: hive-indicators |
Rates
October 08, 2020Summary Bond yields in developed markets like the US, UK, Germany and Japan are less than 1% or even negative To earn…
By
Dominique Dwor-Frecaut
August 28, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
August 28, 2020At Jackson Hole today Chair Powell announced a move to average inflation targeting, reflected in changes to the Statement of Longer Run…
By
Sam van de Schootbrugge
August 19, 2020
In: Deep Dives |
Investment Strategy
Rates
August 19, 2020The Study in a Nutshell There has always been a question of how hedge funds and asset managers make money. By exploiting…
By
Dominique Dwor-Frecaut
July 24, 2020
In: Hive Exclusives |
Economics
Rates
US
July 24, 2020Despite the extraordinary US budget deficit, a very dovish Fed and depressed private investment suggest the Treasury could term out some of…
By
George Goncalves
July 15, 2020
In: Deep Dives |
Economics
Monetary Policy & Inflation
Rates
US
July 15, 2020What is liquidity? In market parlance, it’s the idea that investors have the ability to quickly buy or sell an asset without…
By
Caroline Grady
July 09, 2020
In: Hive Exclusives |
Economics
FX
Growth & Labour Market
Rates
July 09, 2020- CNY to benefit from rising yield differentials and a strong recovery - INR continues to defy dismal economic reality due to…
By
Mirza Baig
July 06, 2020
In: Hive Exclusives |
Emerging Markets
Monetary Policy & Inflation
Rates
July 06, 2020Indonesia’s finance minister and Bank Indonesia’s (BI) governor have announced a ‘burden sharing’ plan to fund part of the government’s fiscal stimulus.…
ByBilal Hafeez
July 02, 2020
In: hive-podcasts |
Economics
Investment Strategy
Rates
July 02, 2020Macro Hive Conversations With Bilal HafeezEp. 16: Chris Crowe On End Of Safe Asset Shortage You can listen to the podcast on…
ByGeorge Goncalves
Vikrant Kumar Chandan
June 25, 2020
In: Hive Exclusives |
Rates
US
June 25, 2020No two periods are alike but what is starkly different now from the GFC is that foreign investors (including foreign central banks – FCBs) were sellers…
By
Sam van de Schootbrugge
June 24, 2020
In: Deep Dives |
Equities
Investment Strategy
Rates
June 24, 2020The global economy’s problematic re-emergence from the Great Recession revived interest in Alvin Hansen’s 1939 secular stagnation hypothesis…
By
George Goncalves
June 18, 2020
In: Hive Exclusives |
Rates
US
June 18, 2020There are a number of market beliefs that develop over time which end up being accepted without question. One of those givens is that foreign…
By
George Goncalves
June 09, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
June 09, 2020Over the last five years, the Treasury decided to maintain large cash balances at the Fed for a variety of reasons. However, those levels have jumped off…
By
George Goncalves
June 04, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
June 04, 2020With the dust now settled post weeks of massive Fed liquidity injections, I explore the concepts of the Fed’s directive to maintain “market function”…
By
Peter Attard Montalto
May 28, 2020
In: Hive Exclusives |
COVID-19
ESG & Climate Change
Investment Strategy
Rates
May 28, 2020How should an investor price a government bond? Is the risk of repayment all that matters, or is it important to consider what the proceeds will be…
By
George Goncalves
April 29, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
April 29, 2020With the dust now settled post weeks of massive Fed liquidity injections, I explore the concepts of the Fed’s directive to maintain “market function”…
By
George Goncalves
April 02, 2020
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
April 02, 2020US equities just finished their worst first-quarter performance in history only to be met with the worst first-day start of a new quarter. 2020 started off with…
ByGeorge Goncalves
Bilal Hafeez
March 20, 2020
In: hive-podcasts |
Investment Strategy
Monetary Policy & Inflation
Rates
US
March 20, 2020There is so much catching up to do but before we go into markets and the response from policymakers, we first need to put things into perspective…
By
Stefan Posea
February 12, 2020
In: Deep Dives |
Monetary Policy & Inflation
Rates
February 12, 2020In the last two decades, central banks have significantly increased communication towards the public in the form of speeches, reports, press…
By
John Butler
February 06, 2020
In: Hive Exclusives |
Commodities & Energy
Investment Strategy
Rates
February 06, 2020Gold has the unique and valuable characteristic of being a de facto form of ‘insurance’ for a portfolio of financial assets, and the national fiat currencies…
By
Mehdi Farooq
January 15, 2020
In: Deep Dives |
Credit
Economics
Monetary Policy & Inflation
Rates
January 15, 2020A new paper by Harvard economist Paul Schmelzing, Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311-2018, puts…
By
George Goncalves
December 18, 2019
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
December 18, 2019As we head into the final days of trading in 2019, the Fed is taking no chances. But at the same time, they are avoiding jumping to QE4…
By
Bilal Hafeez
December 13, 2019
In: Podcast Playlists |
Credit
Economics
Monetary Policy & Inflation
Rates
US
December 13, 2019Srinivas Thiruvadanthai, Managing Director of the Jerome Levy Forecasting Center, explains how the Fed’s goal of inflation targeting is responsible for high leverage…
By
George Goncalves
December 11, 2019
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
US
December 11, 2019Cracks are forming on the fringes of credit markets, but most asset classes are doing well year-to-date and have avoided any major corrections…
By
Bilal Hafeez
December 09, 2019
In: Hive Exclusives |
Business & Technology
Data, Models & Market Infrastructure
Equities
FX
Geopolitics
Monetary Policy & Inflation
Rates
December 09, 2019Black swan events are the unknown unknowns that no one can even envisage, let alone predict. But their close cousin – grey swans – can enter our imaginations…
By
Bilal Hafeez
December 05, 2019
In: Podcast Playlists |
China & Hong Kong
Rates
December 05, 2019Jun Pan, Professor of Finance at Jiao Tong University, has a flair for insightful communicaton and is an expert researcher of Chinese corporate bond markets…
By
Bilal Hafeez
November 15, 2019
In: Podcast Playlists |
Monetary Policy & Inflation
Rates
November 15, 2019Credit Suisse’s Zoltan Pozsar, one of the leading experts on money markets, speaks on September’s repo market volatility…
By
John Tierney
November 14, 2019
In: Hive Exclusives |
Monetary Policy & Inflation
Rates
November 14, 2019As most readers know, the repo market crashed on 17 September. Ever since then speculation has swirled as to exactly what set it off…
