
No systemic risk from SVB failure, but watch out for areas o...
2023 will be a two-speed year, with plenty of risks to watch out for.
Read moreUnderstanding the outcome of the December FOMC meeting and its market implications.
More < 5 minutesThe flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth.
More 5 to 10 minutesThe Fed is determined to hike rates rapidly. In the short-term the US economy will be supported by the many cushions present in the economy, as a result of all the fiscal and monetary support provided during the Covid crisis. The Fed will be in a more difficult situation in 2023.
More < 5 minutesThe three major central banks issued restrictive signals last week. The banks have succeeded in changing the course of their monetary policies without harming the markets.
More 5 to 10 minutesUS consumer prices jumped by 6.2% in October, their highest level in 30 years! Deteriorating inflation data have pushed markets towards forecasting a faster pace of tapering and a more rapid removal of accommodation in 2022.
More 5 to 10 minutesEurozone and US sovereign bond markets have partially reversed the decline recorded over the summer.
More 5 to 10 minutesCentral banks have put in place ultra-accommodative monetary policiesto support economies during the Covid crisis.
More 5 to 10 minutesWhat matters to fixed income investors is the macro-financial environment that will prevail after the strong rebound in growth and inflation expected in H2.
More > 10 minutesSince the start of the year, bond yields have surged in the economies of the G10 as markets anticipate a sharp acceleration in inflation and economic activity. This rebound is likely to be particularly strong in the US given its enormous fiscal stimulus plan. In the medium term, opinion is divided concerning the post-Covid crisis macroeconomic trajectory and a possible change in the inflation regime in the US.
More < 5 minutesProfessional investors are Professional investors of the European Union, as defined as in European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments(MIFID) to investment services providers and any other professional of the financial industry,and as the case may be in each local regulation, and, as far as the offering in Switzerland is concerned, a Qualified Investor within the meaning of the provisions of the Swiss CollectiveInvestment Schemes Act of 23 June 2006 (CISA), the Swiss Collective Investment SchemesOrdinance of 22 November 2006 (CISO) and the FINMA’s Circular 08/8 on Public Advertising under the Collective Investment Schemes legislation of 20 November 2008
European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (MIFID)
Private customers or retail investors, or to investors who do not comply with the definition of qualified investors as defined in the applicable legislation and regulation
as defined in the US Securities Act of 1933
You may print a copy of any page for personal or non-commercial purposes provided that you do not remove any copyright notices or any Amundi trademarks or logos, or change any content. Except for a purpose or a use permitted by statute, or with the prior written consent of Amundi you must not copy, modify, sell, distribute, adapt, publish, frame, reproduce,translate, distribute to any third person or entity in any country or jurisdiction which would subject Amundi or any of its products, to any registration requirements within these jurisdictions or where it might be considered as unlawful or otherwise use any of the information contained in this website or any material or Amundi trademarks or logos on the website.