Greetings,
Equities: The reflation trade has accelerated.
Credit: Here is an overview of fixed-income asset volatility, yield, duration, and yield per unit of volatility.
Rates: While the Treasury curve keeps steepening, it is not as steep as growth indicators would imply.
Real rates rather than inflation expectations drove the most recent jump in yields.
Commodities: Commodity fund inflows remain robust.
Emerging Markets: The Petrobras mess has been putting pressure on Brazil’s markets.
Food For Thought: Who was the best US president according to GOP voters?
Edited by Devon Lall
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