Take advantage of the turmoil in the bond markets to build a position. Since the results of the European elections in France showed a massive victory for the far-right, and the subsequent announcement by President Emmanuel Macron of the dissolution of the French National Assembly,…

Please find below a comment from Michael Hart, Senior FX Strategist at Pictet Wealth Management, on the Bank of Japan. At today’s meeting, the BoJ decided to leave rates unchanged at 0-0.1% (as expected) and to cut the size of its bond purchases. This was…

Please find below Xiao Cui’s, Senior Economist at Pictet Wealth Management from the FOMC meeting. The FOMC left rates unchanged and is in no hurry to cut. Interest rate projections moved up to show just one rate cut in 2024 (down from 3), fewer than our expectation of two.…

The historic tightness of credit spreads and the delay in US rate cuts is impacting the relative attractiveness of US investment-grade credits. Lauréline Renaud-Chatelain, Fixed-income strategist, Pictet Wealth Management. After months of tightening, credit spreads look tight compared to their historical ranges, especially for US…

Please find below a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management, ahead of next Wednesday’s Fed meeting : The new dot plot and Chair Powell’s press conference will take center stage at the FOMC meeting next week, where we expect no…

Please find below a new comment from Frederik Ducrozet, Head of Macroeconomic Research, at Pictet Wealth Management, on today’s ECB meeting: ECB: one step at a time As widely expected, the ECB cut its key rates by 25 basis points, bringing the deposit facility rate…