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: Regional Correlations Within EM Break Down

US 10yr Yield Support Will Define the USD

FX Dashboard: Declining EM FX Volatility Foreshadows a Positive Environment

Alpha Bites: Receive Chile 10y Vs Pay Chile 2y with Receiving Bias

Alpha Bites: Long South Africa 2s10s Flattener

Alpha Bites: Receive Czech 2y Vs Pay Poland 2y Rates

Rates 10y Dashboard: Which Countries Underperformed as US Rates Rallied?

Rates 10y Dashboard: Chile’s Curve Steepens Even as US Curve Flattens

FX & Rates

<p>In this note, we point out the best and worst performers among 10y rates in EM countries and connect their performance with their volatility-adjusted yields, allowing us to identify those that can perform well going forward.</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 point out the best and worst performers among 10y rates in EM countries and connect their performance with their volatility-adjusted yields, allowing us to identify those that can perform well going forward.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: YTD Leaders and Laggards Among EM 10y Rates

ZAR 10Y

Rates 10y Dashboard: YTD Leaders and Laggards Among EM 10y Rates