If you had been watching Chinese media for economic news over the past few months you might have noticed something odd.
There's been virtually nothing. No comments on data, no policy developments – basically radio silence when it came to the economy.
Skepticism grew among investors and outside observers of China...
The Fed chose a bold first move to ensure the "soft landing" can remain soft. The ensuing trajectory remains very dependent on the US elections outcome though.
The ECB still sounds more cautious, even if they started easing earlier. We think they should be more decisive.
Bond returns...
In brief
■ Capital cycles are imperfect, showing a tendency for booms and busts.
■ Over the past year, investors have focused on the economy and interest rates when assessing risk.
■ That emphasis may be misplaced because that wasn’t where the boom was.
The capital cycle drives booms and busts
Capitalistic economies allocate...
Written By Chamath De Silva Head of Fixed Income, Betashares
With the Fed officially commencing its easing cycle with a 50-basis point cut, much of the debate now shifts to the softening US labour market and the degree of further easing that’s required.
However, it’s worth remembering that the Fed is quite...
With the Federal Reserve now on an easing cycle, investors are turning their attention to the performance of US long duration Treasury bonds. The key question on the minds of many investors is: When is the optimal time to position in long term bonds, specifically those with 20 year...
Franklin Templeton Fixed Income CIO Sonal Desai disagrees with the Federal Reserve's (Fed's) choice of a larger 50 basis points (bps) instead of a more moderate 25 bps.
"But I agree with most of the underlying assessment of the economy that Fed Chairman Jerome Powell laid out. The latter, I...
From Flavio Carpenzano, Haran Karunakaran, and Manusha Samaraweera, Investment Directors at Capital Group.
Key takeaways
• Fixed income markets could offer compelling investment opportunities alongside continued lower inflation and central banks entering the easing cycle.
• The role of fixed income in portfolios is back. Bonds now offer attractive levels of income...
Moody’s Ratings says in a new report that Australian mortgage delinquency rates, which increased over the June quarter, will continue to rise moderately over the rest of this year as high interest rates and sticky inflation put financial stress on households.
The latest data for the residential mortgage-backed securities (RMBS) we...
In anticipation of this week's Fed meeting we publish some insights below from Dr. Stephen R. Foerster CFA, award-winning author, and professor of finance at Ivey Business School at Western University in London, Ontario, Canada.
There are always winners and losers when there is a change in interest rates....
