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: LatAm FX Has Started Outperforming Against Asia FX

Rates 10y Dashboard: Positioning Supports Long End of Mexico

FX Dashboard: Short Dollar Positions Have Been Cleaned Up

Alpha Bites: Mexico 5s10s Flattener with Paying Bias

Rates 10y Dashboard: EM Long-End Rates Relink with US Rates

Rates 10y Dashboard: Which Countries Are Most and Least Correlated with the US?

Rates 10y Dashboard: Is the Correlation of EM with US Curve Steepening Re-Emerging?

FX & Rates

<p>In this note, we discuss the underperformance of 10y rates in Latin America versus Asia and make the case that if the volatility of US rates continues to drop, Latin American rates should outperform.</p><p>The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.</p>

In this note, we discuss the underperformance of 10y rates in Latin America versus Asia and make the case that if the volatility of US rates continues to drop, Latin American rates should outperform.The attached file is a snapshot of EM 10y rates market, which we produce daily, and where we seek to identify the leaders and laggards among countries by comparing the performance of each to its history as well as to other countries based on their respective betas to the broad market.

Rates 10y Dashboard: LatAm Rates Lag Asia Even When Adjusted by Beta

US Treasury (10 Yr Generic)

Rates 10y Dashboard: LatAm Rates Lag Asia Even When Adjusted by Beta