海外研报

GEMs Flow Talk The word is resilience

Leverage: Credit markets held in well and support our view that there is little if any leverage in public credit markets. EM and DM spreads held in surprisingly well and

Banxico cut 25bp and didn’t close the door to future cuts despite inflation

Banxico cut the policy rate by 25bp, leaving it at 10.75% on August 8. Banxico also increased its inflation forecasts.

Municipals Weekly Muni rates to ride rogue wave lower

A rogue wave event starts the rigorous phase of rallyThe three-day event of equity and bond market moves post FOMC meeting exhibit all

What we learned at our 2024 SMID Cap Conference

Top takeaways from our virtual SMID conference (8/6-8/7)This week we hosted management of 11 SMID cap corporates for fireside video chats

US Economic Weekly Now it’s up to the data

Weekly viewpoint: Now it’s up to the dataFinancial markets have momentarily stabilized after concerns about hard-landing risks

Higher Than Expected Headline IPCA in July, Firmer Core-Services Momentum

Bottom line: The July IPCA printed at 0.38%, slightly above consensus, mostlydriven by higher-than-expected transportation due to rising gasoline prices and airline

End of Week Market Intelligence: flattish

what’s in a friday?A week after last Friday’s July unemployment report raised concerns about the US

Ferrous Tracker: Drop in Steel Output Hits Iron Ore Consumption

The Platts 62%Fe iron ore index (CFR China) returned to $99.3/t yesterday (8thAugust), down 4% from last Friday.

Global FX Trader Too Much Shade on the Carry Trade

n JPY: Carry not so scary. Since the sharp sell-off in USD/JPY that started onFriday and accelerated through Monday alongside broader market volatility, the

It's positioning, stupid!

US jobless claims were down by 17,000 to 233,000 in the week that ended 3 August. The drop was