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: Poland’s Rates Need to Rise Further to Account for Inflation Risk

Rates 10y Dashboard: Interest Rates in Poland Diverge from Neighbors

FX Dashboard: Is Monetary Policy Driving FX Returns?

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

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

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

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

FX & Rates

<p>In this note, we discuss the adjustment higher in Poland's curve on the back of higher inflation readings and expectations of inflation rising further. These adjustments are supporting two trade recommendations that we currently have outstanding. </p><p>Separately, 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 adjustment higher in Poland's curve on the back of higher inflation readings and expectations of inflation rising further. These adjustments are supporting two trade recommendations that we currently have outstanding. Separately, 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: Poland’s Curve Starts Pricing in Rate Hikes

PLN 2Y

Rates 10y Dashboard: Poland’s Curve Starts Pricing in Rate Hikes