Finance Analysis

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Economic Analysis - Credit Risks To Increase As Regulatory Tightening Continues - 15 MAY 2017

Any policy missteps by the Chinese government in curbing leverage could lead to continued onshore bond sell-off and potentially spill over to the US dollar bond market, considering the dominance of Chinese investors in the offshore market. Additionally, we expect the number of defaults to rise in the coming months due to increasing refinancing needs coupled with rising borrowing costs and...

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Market Strategy - MXN Top Pick Among EM FX - 20 FEB 2017

We think the dollar has likely topped out in broad trade-weighted terms, particularly when measured in total returns, but we do not expect a bear market to ensue. We remain fundamentally bearish on the the yuan, which is one of the main components of the USD's trade-weighted index. Weakness in the currency is likely to resume in the near term. That said, we continue to see EM FX excluding the...

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