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.

FX Dashboard: Which Currencies to Target in a Carry Trade Environment?

Alpha Bites: Long Romanian Leu (RON) Vs Short Czech Koruna (CZK)

FX Dashboard: EM Currencies to Target in the Late Recovery Phase

FX Dashboard: LatAm FX Outperformance Versus Asia Did Not Last

Rates 10y Dashboard: Colombia Has Room to Ease

Alpha Bites: Long Colombia 5s10s Steepener

FX Dashboard: EM Currencies on Aggregate Have Mirrored the Dollar This Year

FX Dashboard: US Treasury Holds Back Labeling Taiwan a Currency Manipulator

FX & Rates

<p>In this note, we discuss the rise in volatility for Latin American currencies especially relative to their carry. The low carry relative to the volatility puts the accommodative monetary policies in Peru and Colombia at risk in our view.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In this note, we discuss the rise in volatility for Latin American currencies especially relative to their carry. The low carry relative to the volatility puts the accommodative monetary policies in Peru and Colombia at risk in our view.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: High Volatility Relative to Carry Weighing on LatAm Currencies

Dollar Index

FX Dashboard: High Volatility Relative to Carry Weighing on LatAm Currencies