Our models hint of a HUGE increase in liquidity in January due to issuance and outflows from the ON RRP facility, which might provide some fuel for the soft landing rally in equities and bonds. See what our Asset Allocation tool suggests for the month ahead here.
We launch our Yield Curve watch series with an editorial of the prospects for the curve. Is steepening on the cards? And is bull- or bear steepening most likely from here? Here is the data!
The US credit rating downgrade is making the rounds, but is it even relevant? We take a look at the empirical data alongside updates on the five things we watch currently in global macro.