Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

Gautam Jain has over 25 years of experience covering global emerging fixed income and currency markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specializes in portfolio construction, smart-beta index creation, and asset allocation. Mr. Jain holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.

Rates 10y Dashboard: Colombia’s Curve Steepens on Fiscal Concerns

FX Dashboard: Monitor Colombian Peso for an Entry Point

Alpha Bites: Receive Colombia 5y Versus Pay Mexico 5y Rate

Rates 10y Dashboard: Chile’s Curve Steepens Even as US Curve Flattens

Rates 10y Dashboard: Which Countries Have the Steepest Curves?

Rates 10y Dashboard: Which Countries Underperformed as US Rates Rallied?

Rates 10y Dashboard: Greater Dispersion Within EM Means More Trading Opportunities

FX & Rates

<p>In this week’s Alpha Bites, we recommend receiving Chile 10y against paying Chile 2y with a receiving bias. The long end of Chile's curve has sold off this month even as US and EM long-ends have broadly rallied in what appears to be a technical, and likely temporary, move on the back of the congressional approval of the third round of pension withdrawals. The short end, in the meanwhile, should price in more hikes as real rates are quite negative even as the country’s growth forecasts get revised higher.</p>

In this week’s Alpha Bites, we recommend receiving Chile 10y against paying Chile 2y with a receiving bias. The long end of Chile's curve has sold off this month even as US and EM long-ends have broadly rallied in what appears to be a technical, and likely temporary, move on the back of the congressional approval of the third round of pension withdrawals. The short end, in the meanwhile, should price in more hikes as real rates are quite negative even as the country’s growth forecasts get revised higher.

Alpha Bites: Receive Chile 10y Vs Pay Chile 2y with Receiving Bias

CLP 10Y

Alpha Bites: Receive Chile 10y Vs Pay Chile 2y with Receiving Bias