Markets were in reflation mode during the final weeks of 2016, sending the 10-year US Treasury yield to its highest level in more than two years. While economic indicators have shown modest improvement, most of the rise in yields is built on lofty expectations. In the coming years, we think a strengthening macro backdrop may support modestly higher yields.
Every six months, we share insights from Loomis Sayles portfolio managers and analysts; what are the current themes and risks shaping their investment decisions? Looking into 2017, geopolitical shifts, rising rates, regulatory changes and new proposed policies from President-elect Trump will all be key factors.
It wasn’t much of a surprise that the Federal Reserve announced a 25 basis point rate increase today - its first hike in 12 months and the second hike since 2006.
Donald Trump’s presidential victory may have a mildly positive impact on US banks. A change in several economic factors could signal a more positive environment for banks.
Italy rejected Prime Minister Matteo Renzi's constitutional reform in Sunday’s referendum, as polls had predicted. But Italian voters didn’t just say “no,” they said “hell no!” with 59.1% voting against and 40.9% voting in favor.
The Trump victory has inflicted a heavy dose of uncertainty on the capital intensive global auto industry.
Many of the policies President-elect Trump discussed on the campaign trail align with current and past GOP tendencies but others seem diametrically opposed to GOP DNA.
Donald Trump’s presidential upset has stunned financial markets, which had heavily discounted a Clinton victory. What might Trump’s policy proposals mean for markets and key components of the US economy going forward?
Donald Trump's presidential upset has stunned financial markets, which had heavily discounted a Clinton victory. What might Trump's policy proposals mean for markets and key components of the US economy going forward?
As do many economists, I have a strong bias for free trade. These are not happy times for those of us with such a perspective.
The burning question for equity investors is: what will happen to earnings in 2017?
Every quarter, we update our global forecast map. Explore our key themes by region in our latest infographic.
We expect equities to continue their slow uptrend into next year.
Senior Global Economist James Balfour explores some of the key macro themes influencing global markets.
Fiscal policy developments could create bond market volatility going forward, but historically low interest rates are likely to persist.
Our bank loan team has long believed that BB-rated bank loans can be very attractive to asset allocators who wish to reduce volatility, improve risk/return trade-offs, and ameliorate drawdown in high risk categories such as high yield and equities.