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Global Perspectives

Mastering the Bloomberg Global Aggregate Bond Index

Spanning more than 30,000 securities across government bonds, corporate credit and securitised markets, the Bloomberg Global Aggregate Bond Index offers a broad snapshot of global fixed income.

The importance of inflation protection

Inflation has fallen from its post-pandemic peaks, but the underlying story may have dramatically changed. In this paper, we argue that disinflation has stalled and that markets may be underestimating a structural shift to a more inflationary world.

Assessing European energy dependence

The global energy landscape has shifted. What were once considered tail risks are now recurring features of the macro environment, with recent disruptions highlighting the structural vulnerabilities created by energy import dependence.

Digital assets are moving beyond experiment

Digital assets are moving from concept to institutional reality and will reshape the plumbing of financial markets.

Global macro, Economics

China: potential growth – lower for longer

We continue to have a bearish view for Chinese growth over the medium term relative to current market expectations.

14 February 2024

10-15 min read

Global macro, Fixed income

Global Macro Research: The case for a higher neutral interest rate

In our view, the level of real interest rates at which central bank policy is neither stimulating or restricting growth has moved upwards.

06 November 2023

10-15 min read

Global macro, Fixed income

Global Macro Research: Yield-curve inversion

Central banks have suppressed longer-dated bond yields, according to our analysis, undermining the value of an inverted yield curve as a recession signal.

13 October 2023

10-15 min read

Global macro, Geopolitics