Alpha Bites: A DV01-Neutral 5s10s Steepener in Czechia
The Czech rates curve has overreacted to the central bank’s aggressive tightening in our view and the 5s10s curve is now inverted, providing an...
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Rates 10y Dashboard: Rising Sensitivity of EM Rates to the US
When we compare the current sell-off in EM rates with the 2013 Taper Tantrum and the one earlier this year when US rates sold off similarly, we...
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Rates 10y Dashboard: EM 2s5s Slopes Continue to Normalize
EM curves have been normalizing with US long-end rates staying in a narrow range since early July, even after the tapering signal from the Fed...
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Rates 10y Dashboard: Bucking the Trend in the Rest of EM, Turkey Looks Set to Cut Rates
Turkey's central bank is set to cut the policy rate either at the upcoming meeting on Thursday or in October at the latest, in our view. If it...
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Rates 10y Dashboard: EM-US 10y Spread Close to the Widest in a Decade
With US yields rallying following the CPI data, the spread of EM rates to the US widened further. We continue to find a diversified basket of EM...
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