Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

<p>In our monthly trade ideas recap note, we provide a performance update of the trade recommendations in FX and rates that we make weekly and discuss the new recommendations as well as those we closed over the past month. We have made a total of 21 trade recommendations so far, of which 15 are in the money.</p>

In our monthly trade ideas recap note, we provide a performance update of the trade recommendations in FX and rates that we make weekly and discuss the new recommendations as well as those we closed over the past month. We have made a total of 21 trade recommendations so far, of which 15 are in the money.

Alpha Bites: Performance Summary of Trade Recommendations – August 2021

<p>In this week’s Alpha Bites, we recommend receiving the 5-year rate vs paying the 2-year rate in India. India’s 2s5s curve slope is close to its steepest in a decade and among the steepest in EM. The Reserve Bank of India (RBI) continues to emphasize growth uncertainty over high inflation, leading the curve to push out rate hikes and keeping it steep. We expect the RBI to tighten earlier than currently priced in and given the steepness of the curve, recommend a flattener. We recommend keeping a receiving bias though because of RBI's dovish leaning.</p>

In this week’s Alpha Bites, we recommend receiving the 5-year rate vs paying the 2-year rate in India. India’s 2s5s curve slope is close to its steepest in a decade and among the steepest in EM. The Reserve Bank of India (RBI) continues to emphasize growth uncertainty over high inflation, leading the curve to push out rate hikes and keeping it steep. We expect the RBI to tighten earlier than currently priced in and given the steepness of the curve, recommend a flattener. We recommend keeping a receiving bias though because of RBI's dovish leaning.

Alpha Bites: A 2s5s Flattener in India with Receiving Bias

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INR 5Y (IRSWO5 CURNCY)

Alpha Bites: Performance Summary of Trade Recommendations – August 2021

We provide a performance update of all our trade recommendations along with discussing the new trades from last month. We have made a total of 21...

Gautam Jain, PhD, CFA

Alpha Bites: A 2s5s Flattener in India with Receiving Bias

India’s rate curve is steep with the pricing of rate hikes pushed out. We expect the RBI to tighten earlier than currently priced and recommend a...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)