The Macro Chart Book

The Macro Chart Book : July 2019

2019-07-08 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

The strategy of buying financial assets that will offer a sure loss if held to maturity, originally initiated by actions of central banks, is now a prevalent market phenomenon.

The Macro Chart Book : May 2019

2019-05-31 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

US/China trade war continues to have an impact on bond yields, while Chinese authorities are under pressure to maintain the currency to protect the local economy and avoid a global shock. Core inflation has declined significantly and on the credit side issuance has fallen in May.

The Macro Chart Book: April 2019

2019-04-30 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

The local credit market has been booming this year and, following a quiet 2018, demand for inflation-linked bonds is also on the rise. The increased demand for these bonds also contributed to an increase in the breakeven inflation rate.

The Macro Chart Book : March 2019

2019-03-29 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

Central banks’ dovish stance boosts asset prices, while local bonds should benefit from low global yields
Central banks globally have turned dovish. This supports financial conditions, which, in turn, boosts asset prices. With global bond yields falling, investors will start looking for higher-yielding assets.