Positive real interest rate: a new world opens
New regime change on the debt market, inflation and long-term interest rates are now on an equal footing. A little over two years ago, investors had to successively face a…
Philippe Waechter's blog
The Macro 2 pagers – Low interest rates for a long time
The Macro 2 pager explains how the interest rates profile will remain low for an extended time. The central banks’ stimulus after the 2008 crisis has been caught up by an…
Italy – The crisis is coming
The adjustment on the upside is not over on Italian rates. The 10 year bond’s rate is converging to 3%. The spread with the German 10-year rate is now circa…
Higher bonds rates in China – Should we care?
Written with Zouhoure Bousbih This week, the Chinese bond market has again been under selling pressure. The yield on 10-year Chinese government bonds once again flirted with the 4%, the…
Economic Outlook – September 2016
The Economic Outlook issue for September 2016 is now available Economic-Outlook-September-2016
5 points to keep in mind after the Fed's meeting
The Federal Reserve has kept unchanged its main interest rate in the corridor [0.25; 0.50%]. It will continue to reinvest the proceeds of its portfolio. 5 points to keep in…