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.

Yields in Asia Are Far from the Peak – Part II

Asia Faces Short Lived Push Above Key Trendline Barriers

Alpha Bites: Long Indian Rupee (INR) Vs Short Indonesian Rupiah (IDR)

Alpha Bites: Pay India 5y Vs Receive Mexico 5y Local Rate

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

FX & Rates

<ul>
<li>The Reserve Bank of India roiled the market yesterday with an unexpected inter-meeting policy rate increase, leading to rates moving higher across the curve.</li>
<li>I have been arguing for a few months that the RBI needs to start raising rates based on the high inflation and narrowing rate differential with the US.</li>
<li>Despite the move higher in rates in India, I continue to like paying rates in India, particularly against receivers in other countries to hedge against the volatile US rates.</li>
</ul>


The Reserve Bank of India roiled the market yesterday with an unexpected inter-meeting policy rate increase, leading to rates moving higher across the curve.
I have been arguing for a few months that the RBI needs to start raising rates based on the high inflation and narrowing rate differential with the US.
Despite the move higher in rates in India, I continue to like paying rates in India, particularly against receivers in other countries to hedge against the volatile US rates.


India’s “Surprise” Rate Hike Was Overdue

INR 10Y

India’s “Surprise” Rate Hike Was Overdue