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: Which EM Countries Stand to Benefit if US Rates Vol Keeps Falling?

Rates 10y Dashboard: 5-Year Is the Most Attractive Tenor in EM Rate Curves

Rates 10y Dashboard: EM-US Rates Divergence Persists Despite Falling Volatility

Rates 10y Dashboard: EM Rates Volatility as High as the US in a Rare Occurrence

Rates 10y Dashboard: Which Countries Offer High Yields Relative to Their Volatilities?

Rates 10y Dashboard: Taper Tantrum Vs Current Reflationary Scare – Part 2

Alpha Bites: Monthly Trade Ideas Recap (May 2021)

Rates 10y Dashboard: EM Long-End Rates Continue to Maintain Risk Premium Cushion

FX & Rates

<p>In this note, we discuss the reasons behind the rise in betas and correlations of EM rates with the US and identify the countries that are the most and least vulnerable to a continued rise in US rates.</p><p>Separately, the attached file is a snapshot of the EM 10y rates market in which 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 an EM rates index.</p>

In this note, we discuss the reasons behind the rise in betas and correlations of EM rates with the US and identify the countries that are the most and least vulnerable to a continued rise in US rates.Separately, the attached file is a snapshot of the EM 10y rates market in which 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 an EM rates index.

Rates 10y Dashboard: Which EM Countries Are Vulnerable to a Further Rise in US Rates?

US Treasury (10 Yr Generic)

Rates 10y Dashboard: Which EM Countries Are Vulnerable to a Further Rise in US Rates?