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.

Alpha Bites: Receive Czech 2y Vs Pay Poland 2y Rates

Alpha Bites: Monthly Trade Ideas Recap (April 2021)

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

FX Dashboard: Taper Tantrum Vs Current Reflationary Scare – Part 1

Alpha Bites: Long Polish Zloty (PLN) Vs Short Czech Koruna (CZK)

Alpha Bites: Receive Hungary 10y Vs Pay Poland 10y Rates

FX & Rates

<p>In this note, we reiterate our recommendation to be long the Polish zloty (PLN) against the Czech koruna (CZK), as the former has underperformed.</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 reiterate our recommendation to be long the Polish zloty (PLN) against the Czech koruna (CZK), as the former has underperformed.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.

FX Dashboard: Polish Zloty Underperformance Looks Overdone