海外研报

Cross Asset Strategy Spotlight on Inflation

The strong rally in markets during November and December 2023 was attributable to the emergence of the immaculate disinflation thesis. This

US MARKET INTELLIGENCE:MORNING BRIEFING

SPX +0.2%, NDX +0.4%,RTY -0.2%.WTl Obps at $82.85, NatGas +10bps to $2.04, UKNatGas +111bps to £0.7459, Gold +32bps to $2,467, Silver +73bps to $30.52,10Y @4.185%and VIX @ 14.44.

Relative value models and analysis

Mean Rvt Rank is based on an autocorrelation statistic on spline spreads over the past month. 100 means the spread is highly mean reverting relative to others, and vice versa.

Europe Economic Weekly Back to cuts when back to school

Weekly view: Time to watch cycling and the OlympicsWe end the week feeling more comfortable again that the ECB will deliver a September

Never (OK, rarely) short a dull market

Two studies, one conclusionThe challenge with studies on prolonged stretches like the chart on page 1 is that

Mizuho China Weekly Outlook

Last week, the PBoC signaled its intention to borrow central government bills (CGBs) to calm the rate rally onshore if needed. This announcement followed investors’ dismissal of the PBoC’s warning in May about

Catch-Up Call-Weekly Investment Grade TMT Review

Theme of the week – Between a Roundball Rock and a Hard Place: Although the league has yet to confirm the details, the WSJ and The Athletic both reported

ECB: A September cut remains on track

The ECB kept rates on hold today, as was universally expected. This decision was unanimous and the Governing Council was also united in not giving an explicit

Machine Learning Based Trade Recommendations

The CARV model continues the short vol bias in Fixed Income and Credit,while shifting to a long vol bias for most Commodities, led by WTl andprecious metals. In Equities, NlFTY had

Sunday Start | What's Next in Global Macro Labour at Dawn

The incoming Labour government will inherit a UK economy that, by many measures, has underperformed sharply. Since 2010, the UK has grown ~10% less