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.

What to Expect of EM Rates When Expecting US Rates to Stay Volatile?

Gems Among Stones: EM Rates’ 2021 Performance and What to Expect in 2022

Alpha Bites: A DV01-Neutral 5s10s Rate Curve Steepener in Colombia

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

FX & Rates

<ul>
<li>In the current environment of upside risks to global rates, it is appropriate to look for countries where one can position for rates to move higher with limited downside.</li>
<li>From this perspective, I like shorting long-end rates in Colombia ahead of the upcoming presidential election in May where a leftist candidate is leading in the polls.</li>
<li>The political risk premium should rise in Colombia using the increase in rates in Peru and Chile last year as guidance since both countries went through similar election-related political turmoil.</li>
</ul>


In the current environment of upside risks to global rates, it is appropriate to look for countries where one can position for rates to move higher with limited downside.
From this perspective, I like shorting long-end rates in Colombia ahead of the upcoming presidential election in May where a leftist candidate is leading in the polls.
The political risk premium should rise in Colombia using the increase in rates in Peru and Chile last year as guidance since both countries went through similar election-related political turmoil.


In an Environment of Rising Rates, Colombia 10y Local Rate Is a Good Short

COP 10Y

In an Environment of Rising Rates, Colombia 10y Local Rate Is a Good Short