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.

Rates 10y Dashboard: Limited Impact on China’s Rates of US Sell-Off

Rates 10y Dashboard: Which Countries Have the Steepest Curves?

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

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

Rates 10y Dashboard: Sensitivity of EM Rates to Rising US Rates

Rates 10y Dashboard: Are EM Rates High Enough for the Risk?

FX Dashboard: Brazilian Assets Build Risk Premia

FX & Rates

<p>In this note, we identify the countries where rates have outperformed or underperformed relative to the correction in US rates.</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. 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 identify the countries where rates have outperformed or underperformed relative to the correction in US rates.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. 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.

Rates 10y Dashboard: Leaders and Laggards in the Rates Sell-Off

US Treasury (10 Yr Generic)

Rates 10y Dashboard: Leaders and Laggards in the Rates Sell-Off