A just-released webinar provided our latest views on G10 interest rates and preferred currency cross rates.
The macro global backdrop for the major developed market (DM) economies is one of monetary policy being much more accommodative than DM central banks had foreseen. Consequently, the rate-hiking club has seen a number of new members join in the past year, with the notable exception of the U.S. Federal Reserve. While new Fed Chair Walsh talks tough on inflation, he has done nothing to ensure inflation will return to 2% and runs the risk of losing control of the long end of the yield curve if MRB’s expectation of sticky and gradually firming U.S. inflation pans out.
The webinar highlighted a number of investment opportunities covering a range of the major DM currencies and fixed-income markets.
