2025 Government bond supply and Swap Spreads
An analysis of recent swap spread trends across many different government bond markets, highlighting new and the break down of existing...
An analysis of recent swap spread trends across many different government bond markets, highlighting new and the break down of existing...
Summary of November's research, covering the following topics: Debt: Continuing huge burden on Domestic investors in 2025 to fund...
RESEARCH CONTENT Current status of French public sector debt trends, including annual growth rates, maturity profiles, interest costs and...
RESEARCH CONTENT Topics covered Current European money market and bond market price expectations, and a comparison against credit market...
Research Content Topics covered: recent developments of Economic Surprise indices inflation data and implication for forward Simple Real...
Research Content Topics include: Elon Musk and cutting the deficit Price momentum in gold - an opportunity to buy the dip? Risk...
Research content: There is surely a huge gulf between the market’s expectations for the future, derived from recent political policies...
A projection of the US's Government Deficit and Debt should there be a repeat of the policies enacted by Trump in his first term (which...
Brief note post US election highlighting how global fiscal profligacy would eventually impact asset prices. Research that demonstrates...
An updated analysis of global swap spreads and correlations between curves.
Summary of topics covered: Economic surprise index highlights weak coincident data, despite upbeat/neutral survey data The...
Updated analysis of UK macro and investment themes, covering: Deteriorating Public Debt trends (Deficit, Stock, Issuance) Weak Private...
Data, charts and discussions on important themes, including: Update on inflation in various countries, showing that this is no longer a...
An in depth analysis of government bond NET and GROSS supply for USA, Japan, UK, Italy and France, highlighting the challenges for the...
Friday’s Non-Farm Payrolls clearly took the market by surprise given the 20bp increase in 2yr USTs after the number’s release. What to...
RESEARCH CONTENT John Maynard Keynes is often credited with saying “When the facts change, I change my mind. What do you do, sir?” This...
RESEARCH CONTENT Data within the GDP release show the strong disinflationary trends in the UK economy. This piece argues that the BoE is...
RESEARCH PUBLICATION Following the announcement of multiple packages to support the economy and equity markets, this piece looks at the...
RESEARCH CONTENT Some key considerations for the valuation of JGBs and Yen, including analysis of: Inflation BOJ QE Domestic funding of...
RESEARCH CONTENT UK INFLATION LOWER DUE TO SUBSTITUTION? An analysis of UK inflation, highlighting that one indicator of inflation, which...