November 2023

Enrique Díaz-Alvarez, Matthew Ryan, CFA, Roman Ziruk, Itsaso Apezteguia, Eduardo Moutinho & Michał Jóźwiak We’ve witnessed a rather mixed performance from the currencies in Central and Eastern Europe since our last update. All four of the currencies covered in this report have lost ground against…

‘Higher for longer’ base ratees together with an increase in the term premium keep pressure on 10- year US Treasury yields. Lauréline Renaud-Chatelain, Fixed-income strategist, Pictet Wealth Management. The US 10-year yield has risen substantially since September, briefly touching 5% on 23 October (before retreating…

The volatility of the fixed income market has left investors wary. But the yields offered by shorter- dated bonds are as attractive as they have been in quite a while. Mickael Benhaim, Head of Fixed Income Investment Strategy & Solutions Pictet Asset Management. With bonds…

Powell’s soft pivot César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Financial markets switched to risk-on mode last week, as a dovish pivot from the Federal Reserve and a big slowdown in US job creation fuelled expectations that US interest rates have peaked. The…

Matthew Ryan, CFA - Ebury. There were no major surprises from the Federal Reserve on Wednesday, with interest rates kept unchanged and Chair Powell striking a hawkish note on the US economy. Fed fund futures were assigning effectively zero chance of a hike this month,…

ESG corporate ratings are redrawing the financial landscape, yet investors often struggle to interpret them. Caroline Reyl, Senior Investment Manager, Stephen Freedman, Head of research and sustainability -Thematic Equities & Faisel Syed, ESG Specialist Pictet Asset Management. Overview Britain’s system of imperial measurements has long…