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...Michael Metcalfe, head of macro strategy at State Street, custodian to about $40tn of assets, said his firm’s data showed investors had “rapidly reassessed” their underweight positions in sterling since...
...Other investors have followed hedge funds in buying dollars in recent weeks, according to Michael Metcalfe, head of macro strategy at State Street, which is custodian to $40tn of assets....
...Michael Metcalfe, head of macro strategy at State Street, said sterling purchases were not only driven by expectations that the Fed would more aggressively cut its rates, weakening the attractiveness of...
...Michael Metcalfe, head of global market strategy at State Street, custodian to $40tn of assets, said fund managers had been adding to their yen positions over the past fortnight on speculation that the BoJ...
...“Given the volatility surrounding the UK’s fiscal outlook in the past 18 months, the Autumn Statement was an appropriately sober affair,” said Michael Metcalfe, global head of macro strategy at State Street...
...“The big change in November was . . . the conviction in lower inflation, rates and yields,” wrote Michael Hartnett, investment strategist at Bank of America....
...“Flows in the past two weeks point to a rapid rethink with dollar demand,” said Michael Metcalfe, head of macro strategy at State Street, adding that recent sales marked the unravelling of “an unusually...
...Mary McDougall Is Lagarde comfortable with dovish ECB pricing?...
Green debt issuance will be a test of investor appetite for Lula’s environmental agenda
Country under pressure to devalue currency again after radical rightwinger’s presidential primary victory knocks markets
...“Bond markets are prone to price in rate cuts as soon as you get to peak rates and there’s starting to be a degree of confidence in markets that we are there,” said Michael Matthews, co-head of fixed interest...
...“With eurozone inflation still above average and growth well below, it’s clear that by most definitions the eurozone is suffering from stagflation,” said Michael Metcalfe, head of macro strategy at State...
...Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
...“Disinflation is back,” said Michael Metcalfe, head of global macro strategy at State Street Global Markets....
...control based on the fear that higher yields in Japan may lead local investors there to invest more in Japanese government bonds and therefore sell some of their holdings of Treasuries or Bunds,” said Michael...
...Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
...Here’s the FT’s accountancy correspondent Michael O’Dwyer, who explains how this all unfolded....
...Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...Additional reporting by Mary McDougall in London...
...Lord Michael Spencer, founder of interdealer broker ICAP and a Tory party donor, said: “The UK should maintain corporation tax at no higher than 20 per cent to put us in the most competitive bracket globally...
...Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
...Billionaire Michael Dell’s investment vehicle has agreed to back two former senior Goldman Sachs executives, Tom Connolly and Mike Koester, who are launching a private credit investment company....
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