The global economic activity continued to expand worldwide in H1 2017, driven in most countries by domestic demand. However, investors must remain selective and strive to shield portfolios through hedging
Pascal BLANQUE - CIO Amundi
Fed’s Balance sheet reduction: how will it impact the US Treasury market?
FOMC members plan to reduce the Fed’s balance sheet this year and gave recently some precisions about how they will do. Even if the reduction of the Fed’s balance sheet will take place very gradually, the amount of Treasury securities that non-Fed investors will be very large. Moreover, the evolution of the Chinese FX policy will be crucial.
The recovery story in Europe offers a great opportunity to buy small and mid caps.Our focus this month is on Financial Innovation in Convertible Bonds.Over the years, the convertible bond market has seen several financial innovations, some tempor...
Fixed Income Letter - Bank balance sheets: for high quality, the tide has turned
In our February commentary, “Of bank balance sheets, private and public,” we discussed the forthcoming shrinkage in the Federal Reserve’s balance sheet and wondered whether constraints on private sector balance sheets might be loosened in the nea...