Fynsa
Convergence between Fed and US Treasury rates is a complex issue, with important implications for the US economy.
Going forward, there remains some uncertainty associated with inflation convergence and monetary easing.
What explains this nice world in terms of prices that we are living in?
This time there is a greater concentration on a choice of three cuttings
No correction has been observed so far in the equity market, despite technical indicators that the market is overbought and at all-time highs.
The January monetary policy meeting opened a chapter in the search for economic stability in a challenging global and local context.
The spread between the local rate and the FED rate has been compressed, but the game will continue until we have clarity on the beginning of the rate cut in the US and we discount the level to which the Central Bank will have to adjust rates.
In our 2024 Asset Allocation Outlook, bonds emerge as a prominent asset class.
It is time to sell the short-term deposit and buy the long-term deposit, looking for better rates in issuers that offer a higher premium.
