skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Please find attached our weekly newsletter, The Context, from IFI Research. The Context contains a selection of thought leadership articles from around the globe, spanning a host of asset classes to give you value-added insight into key themes affecting fund flows, macroeconomics, and markets. As always, all feedback is greatly appreciated, so please do get in touch if you have any comments or suggestions. We hope you find it useful!

For the pdf, please click The Context - 2018 Outlook

Recommended Articles

  • IGM Credit, IGM FX and Rates

    The Context 11.11.19

    11 Nov 2019

    Inside this week’s edition of The Context, Financial Intelligence thought leaders discuss: The Power of Trade Talk Given events towards the end of last week, focus will fall on any details of the Phase 1 trade deal currently under negotiation between the US and China. The moves were sharp in debt markets which suggests any sort of negative news flow will lead to an equally sharp reversal. The NZD Week - Bias is Neutral RBNZ rate cut probability for Nov, i.e. early Wed, is back at 60%. On balance, we think the RBNZ could wait, but suspect the market will stay cautious. Outlook Into Year-end Now Looks More Positive For EMs The Emerging Market carry trade is so far heading for its best quarter in two (and possibly in four if upside persists), and in an environment of still ultra-low global bond yields and with some concerns starting to creep in over equity valuations after a surge in stocks, currency related strategies may find particular favour among investors. Read more from The Context and subscribe to have it delivered to your inbox each week!

    Topics Industry News

  • IGM Credit, IGM FX and Rates

    China Insight: Special Bond Issuance Will be Subdued in Q4

    By Tim Cheung 05 Nov 2019

    Given the lower-than-budgeted fiscal revenue growth so far in 2019 (chart 1), the central government may find it difficult to fulfil its fiscal transfer budgets. As such, local governments could rely more on borrowing to support infrastructure investment. As the total local government bond issuance quota of CNY3.1tn has been fulfilled this year, the total size of extra issuance could be up to CNY2.5tn (including CNY1.3tn in general and CNY1.2tn in special) if necessary. If the government decides to fully utilize the extra special bond issuance quota within the debt ceiling, it could bring CNY2.1tn funds to the government to support infrastructure investment. However, chart 2 shows that special bond issuance has been subdued since it reached its year-high in June. Given the restricted commencement of winter construction, special bond issuance will likely remain subdued in Q4.  

    Topics Industry News

  • IGM Credit, IGM FX and Rates

    The Context 11.04.19

    04 Nov 2019

    Inside this week’s edition of The Context, Financial Intelligence thought leaders discuss: The AUD Week - Bias is Bullish The RBA decision takes centre stage this week, and the Bank is widely forecast to keep rates steady at 0.75%, with a mere 6% chance of a cut currently priced. Evidence of Damage Wrought. Little Central Bankers Can Do South Korean exports continue to plummet (-14.7% y/y in October) indicative of the slowdown in both global trade and in turn economic growth. That the US isn’t insulated from these dynamics was made clear by the Fed chief after the October FOMC. Still, domestic demand continues to bound along at a healthy pace in the US and remains supportive in other jurisdictions… Pinera Gives More Ground to Chilean Protesters, But is CLP Ripe For Bulls? There have been over ten days of riots, protests and strikes in Chile, and after adopting a number of stances (from tough to conciliatory) and failing to quell the unrest with a raft of proposed policy changes, President Pinera has given in to demands and fired eight ministers, including the interior, finance and economy ministers. Read more from The Context and subscribe to have it delivered to your inbox each week!

    Topics Industry News

;

Any questions? Speak to a specialist

Would you like to request sample data or analysis from Informa Financial Intelligence? 

See how our tailored solutions can help you gain a competitive advantage: