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 Countries Are Intervening the Most?

Rates 10y Dashboard: Colombia Has Room to Ease

Alpha Bites: Long Colombia 5s10s Steepener

FX Dashboard: Russian Ruble Lagging Oil Rally

FX Dashboard: Digging Deeper into Intra-Regional Correlations

FX Dashboard: Colombian Peso to Continue Underperforming

Alpha Bites: Mexico 5s10s Flattener with Paying Bias

A Dollar Macro Low Would Surprise Crowded Shorts

FX & Rates

<p>In this note, we discuss the underperformance of the Russian ruble (RUB) and the Colombian peso (COP) relative to the rally in oil prices.</p><p>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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.</p>

In this note, we discuss the underperformance of the Russian ruble (RUB) and the Colombian peso (COP) relative to the rally in oil prices.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. The analysis, therefore, is not a forecasting tool but to be used for identifying dislocations, which we loosely define as price moves that cannot be justified by fundamentals.

RUB

FX Dashboard: Oil Currencies Vs Oil