Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Thematic (Sector/Industry)

United states Financials / Thematic (Sector/Industry)

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TIME HORIZON: 6 MONTHS
US YIELDS REACHED THEIR MAXIMUM RESISTANCE AREAS WHERE A CORRECTION SHOULD TAKE PLACE (85 to 115BPS potential depending on the maturity).
STEEPENING REACTION ON THE US CURVE IS CURRENTLY BEING CONFIRMED. 5-30YR US YIELD CURVE EXPECTED TO STEEPEN BY 48BPS EVEN 82BPS OVER TIME.
THE US DOLLAR BULLISH TREND IS IN PROGRESS AND HAS STILL POTENTIAL FOR FURTHER RISE.
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TIME HORIZON: 6 MONTHS
US YIELDS REACHED THEIR MAXIMUM RESISTANCE AREAS WHERE A CORRECTION SHOULD TAKE PLACE (85 to 115BPS potential depending on the maturity).
STEEPENING REACTION ON THE US CURVE IS CURRENTLY BEING CONFIRMED. 5-30YR US YIELD CURVE EXPECTED TO STEEPEN BY 48BPS EVEN 82BPS OVER TIME.
THE US DOLLAR BULLISH TREND IS IN PROGRESS AND HAS STILL POTENTIAL FOR FURTHER RISE.


Bullish Steepening of the US Yield Curve Combined with a Higher US Dollar. Risk Off?