The cycle and the spreads

In their latest Tribune, Head of Macro Strategy Platform Yann Lepape and his team reveal how they are positioning their portfolios on the back of the UK’s mini-budget crisis, the drop in US house prices and EM debt outflows.

Are central banks overreacting? Jobs data may offer a hint. The accelerated Fed tightening has shown a mix of immediate and lagging effects. There are also emerging markets opportunities for investors willing to look through the short-term noise – the view from Head of Macro Strategy Platform Yann Lepape and his team.

Inflation and forex remain in the spotlight ahead of several key central bank rate decisions this week, with a special eye on Asia – the view from Head of Macro Strategy Platform Yann Lepape and his team.

The ECB keeps the door open for jumbo rate hikes, while slowing North Asian exports hint at lower demand for goods and emerging Europe sees high inflation – the view from Head of Macro Strategy Platform Yann Lepape and his team.

Soft landing hopes are alive in the US, while Latin America is ahead of the cycle and the euro zone readies for rate hikes – the view from Head of Macro Strategy Platform Yann Lepape and his team.

Quantitative tightening, corporate margins pressure and rising gas prices: Head of Macro Strategy Platform Yann Lepape and his team look at three pockets of volatility on the horizon.

Head of Macro Strategy Platform Yann Lepape and his team on three pockets of pessimism ­– stagflation in the UK, unease in China, and European high-yield spreads.

Head of Macro Strategy Platform Yann Lepape and his team give their view on disinflationary data and take a look at some attractive segments in the developed markets credit universe, while keeping an eye on where emerging market spreads stand.

Head of Macro Strategy Platform Yann Lepape and his team on the awful growth in second quarter and why the prevailing “fear factor” supports a strong USD.

Head of Macro Strategy Platform Yann Lepape and his team give their latest views on the downward revisions in growth, the Japanese yen and how emerging markets are at a crossroads

Head of Macro Strategy Platform Yann Lepape and his team give their latest views on the Fed’s acceleration in their tightening path to dampen demand, the EU’s concerns about EMU fragmentation, and EM outflows.

Head of Macro Strategy Platform Yann Lepape and his team give their latest views on oil prices, the ECB pivot and skyrocketing Central European inflation.