Real rates in the United States have moved sharply higher since the beginning of 2021. The move has..

Macro Strategies, Sovereign Research, Emerging Markets

The market seems sensitive currently to news about inflation and growth. We are entering a period..

Macro Strategies, The Fed, Reflation

Rising yields and a steeper yield curve are par for the course as an economy enters the recovery..

Macro Strategies, Fixed Income, The Fed, Recovery, Reflation

Congress has moved fast on a fiscal stimulus package. This surprised me in some ways. In my last..

Macro Strategies

We believe the global economy could see strong growth in 2021, though the next few months could be..

Macro Strategies, Sovereign Research, Market Outlook, Infographic

For months now, US political watchers have been focused on the first week of January 2021. It was..

Macro Strategies, Election