At Any Rate

Global FX: The weak dollar view passes a flow test

Global FX: The weak dollar view passes a flow test

European Rates: Euro and UK inflation markets summer update

Global Rates, FX & Economics: Scandinavian macro, FX, and rates update

Global FX: Can USD weakness continue, Russia/Ukraine Scenarios and what’s next for GBP

US Rates: Analysing Eurex and US futures roll

Global FX: Update on systematic FX signals and EM currencies

Global Rates: Dissecting the BoE’s hawkish cut, Scandi rate markets update

EM Fixed Income: Stay local this summer

Global FX & Economics: BoE policy meeting preview

Global FX and Rates: FOMC, Payrolls, Refunding and Trade deals

EM Fixed Income: Assessing a big week for trade and macro data

Global Commodities: Tariff shockwaves churn crude and copper markets

US Rates: Stablecoins – they’re only getting started

Global FX, Rates and Economics: Post-ECB and pre-trade deal thoughts

Global Commodities: Is volatility cheap in September?

EM Fixed Income: Summer catch-up as spreads catch-down

US Rates: Previewing the August refunding announcement

Global FX: Japan & US policy implications for FX

EM Fixed Income: Emerging Markets Outlook and Strategy: Hold reduced EM exposure into the summer as market pricing and positioning are downplaying risks

Global Commodities: Cocoa market crunch

Global Rates: European rates summer themes – seasonality, swap spreads, SSAs and gilts

Global FX: Keeping the bearish USD view

Global Commodities: 50% copper tariffs coming soon; now comes the copper hangover

Asia Cross Asset: Liberation Day 2.0 and Asia

Global Commodities: Global upstream Oil & Gas capital spending faces first contraction since 2020

Global FX: Deep-dive into global FX hedge ratios

Global FX Derivatives: Thin Cushion. A Slippery Slope from Calm to Uncertainty

Global Rates: European rates markets roundup: German fiscal, NATO meeting, carry themes, de-dollarisation flows and UK rates

Global FX: Mid-Year Outlook - Tell me something new

Global Commodities: Big crops are unlikely to build world stocks, agri outlook into 2H25

US Rates: DM swap spread outlook

Oil Prices and Asia - Macro and Market Implications?

Oil Prices and Asia - Macro and Market Implications?

Global Rates: European rates Scandi and UK central bank round up

Global FX and Economics: A look back to monetary policy and a look ahead to fiscal

Global Commodities: The unintended consequences of destabilizing Iran

EM Fixed Income: Weighing the impacts of Middle East escalation

Global Rates: Monthly Inflation Outlook

US Rates: US rates market 2H25 outlook

Global FX: Range breaks in the offing for the dollar

Global Rates: European rates market 2H25 outlook – range trade and selectively seeking carry

Global Commodities: Aluminum’s premium paralysis

US Rates: IORB, WFC, SLR, Oh My!

Macro Corporate Spotlight - De-dollarization: Fact and fable

Global Commodities: Agri market globetrotting, outlook and risks ahead

Global FX: The dollar, ECB, Treasury manipulator report and the 2H’25 outlook for EM FX

EM Fixed Income: EM outlook for 2H25

Global Rates: European rates market topics: The ECB, cross currency basis and €-SSA markets

Asia Cross Asset: What's going on in JGBs?

Asia Cross Asset: What's going on in JGBs?