Allison Nathan of Goldman Sachs Research dives into macro developments that are top of mind for investors, executives and policymakers.
US-China tensions have been running high for a while, but the US’ downing of a suspected Chinese spy balloon earlier this year, increasingly hostile rhetoric between the two countries, and, most recently, President Biden’s plans to unveil further China investment curbs have again left these tensions—and their investment and industry implications—Top of Mind.
Bond markets have been on a wild ride. After a rally heading into the year, yields have recently risen sharply on better growth and sticky inflation data. The bond story has also been joined by a character not seen in many years: Japan. What lies ahead for global bond markets—and especially JGBs given the impending shift in BoJ leadership—and the implications for other assets and investors’ portfolios is Top of Mind.