Macro Update

How is the US dollar doing?

Is dollar weakness over and what does it mean for asset allocation? Listen to the view of our economist & strategist Marie Thibout on this subject.

Bond moment

Green isn't a shield

Stars are aligned and the fight against climate change may have found its financing tools: green bonds. While records in terms of new issues will very probably be broken in 2021, let’s not forget that green bonds are first and foremost bonds… and are subject to the same market risks than any other bond. Let Catherine Reichlin explain you more in her Bond Moment.

Weekly Insights

Space and financial market’s conquest

Investment bank Morgan Stanley estimates that the global space industry could generate revenues of more than $1 trillion within 20 years. SpaceX is now developing reusable rockets to reduce launch costs, which could well mark a historic turning point in space investment. Would you invest in the space industry?

Macro Update

Fed's "Operation Twist" programme

Federal Reserve members are meeting today to discuss the monetary policy stance in the US. Given the rise in long-term yields, Fed Chair Powell will certainly be asked about a possible “Operation Twist”. But what is it exactly? Listen to our expert Valentin Bissat.

Bond moment

Same but different

Today our financial expert, Catherine Reichlin talks about the recent global increase in long-term yields. Indeed, while the pandemic has brought the monetary and fiscal policies to converge, the end of the crisis seems to accentuate gaps between countries and create discrepancies.

Weekly Insights

"Never bet against America"?

"Never bet against America" is what Warren Buffet says in a letter trumpeting Berkshire’s US-based assets in 2021. Listen to what our expert John Plassard has to say about that and his explanation regarding the economic growth of the US and its position against China.

Macro Update

The US consumer is on fire

US consumer spending, which represents more than 2/3 of total US economic activity, appears to be on fire... Could that be a sign of recovery for global growth? Listen to our Chief Economist Gero Jung to know more.

Bond moment

Nature bonds

A new type of bond could be created this year: Nature bonds. The protection of biodiversity is now emerging as a crucial issue for financial markets, given that more than half of the world's GDP is based on natural resources. Pakistan could be the first state to take the plunge! A case to follow.

Weekly Insights

Is it the end of Tech Companies?

In this Weekly Update, John Plassard points out the challenges this economic downturn poses for technology companies and their place in the market. FANGs are facing major issues. This leads to the question: is this the end of technological values?

Macro Update

Sectorial allocation update

Time to switch from growth to value stocks? Listen to our economist & strategist Marie Thibout, giving us a sectorial allocation update, to know more about this question.

Bond moment

Reflation

The word reflation is currently around every corner... what is it exactly and how does it affect bond markets? Let Catherine Reichlin tell you more about it in her Bond Moment.

Weekly Insights

Sand

Wouldn't we be underestimating the importance and the value of sand? Listen to John Plassard's insights on this crucial material.

Macro Update

Cyclical equities

Why do we maintain a positive view on cyclical equities in a context in which analysts fear that the reflation trade is already priced into markets, and rising long-term yields in the US could hurt equities? Listen to Valentin Bissat to know more.

Bond moment

Total.ly surprising

Catherine Reichlin today reflects on Total's surprising announcement to issue only sustainability linked bonds to finance its operations. Will investors respond more favourably than when Repsol made a similar attempt in 2017?

Weekly Insights

US Treasury yields

John Plassard today puts a special focus on the US Treasury yields and answer 5 major questions around it. Why is the yield of the 10-year rising so sharply? Is the risk of inflation really that big?... Listen to his rich analysis of the day.

Ask Mirabaud

Options & volatility

We are thrilled to launch our new mini-series "Ask Mirabaud". Once in a while, we will pick a subject and elaborate on it. In this first episode, listen to Abdel Hamidouche answer the questions “what is an option and what is volatility?”.

Macro Update

US fiscal largesse: is it too much?

Could the new fiscal stimulus plan, unveiled by the Biden administration, increase the risk of an overheating US economy? Gero Jung clarifies this hot topic for you today.

Bond moment

It's Party time!

For the first time ever, the average yield to maturity in US High Yield fell under… 4%! Can we still talk about High Yield? With the recent bond issued by Party City, Catherine Reichlin examines this unprecedented situation.

Weekly Insights

Democratisation of cryptocurrencies

While traditional currencies are going through a period of crisis, cryptocurrencies have the wind in its sails. Will we soon be paying bread in Bitcoin rather than in euros? Listen to John Plassard's insights.

Macro Update

Retail investors: a disruptive power for financial markets?

Could retail investors, such as the "Reddit community", be a disruptive power for financial markets? And what effects can we expect in the middle to long term? Listen to the analysis of our economist & strategist Marie Thibout on this very trending topic.