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.

Alpha Bites: Trade Ideas Performance Summary – July 2021

Rates 10y Dashboard: Which Countries Stand to Benefit as EM Rates Volatility Falls?

FX Dashboard: Is It Time for Latin American Currencies to Turn Around?

Rates 10y Dashboard: Can US Curve Flattening Pull EM with It?

Alpha Bites: Long Indian Rupee Vs Short Korean Won

Alpha Bites: A 2s5s Flattener in Colombia with Receiving Bias

FX Dashboard: Which Currencies Are Most Vulnerable to Dollar Strengthening?

FX & Rates

<p>With the Fed turning hawkish, the pressure on EM central banks to do the same has increased. In this note, we identify the countries where 2s5s slopes can flatten as rate hikes get priced in earlier than before.</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>

With the Fed turning hawkish, the pressure on EM central banks to do the same has increased. In this note, we identify the countries where 2s5s slopes can flatten as rate hikes get priced in earlier than before.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 to Target for 2s5s Flatteners?

COP 5Y

Rates 10y Dashboard: Which EM Countries to Target for 2s5s Flatteners?