From Lyxor Asset Management* Hedge funds are increasing their short bets on US rates as the flow of economic data improved and inflation figures edged higher. Moderate price pressures materialised recently (PCE deflator at 1.6% yoy in April), though the inflation rate remains below the 2% target of the Fed. This triggered a rise […] Read more »
European Credit Commentary and Outlook from LNG Capital
By Louis Gargour, CIO of LNG Capital and Europa Credit Fund After the month of June markets have been significantly more constructive, key themes include a re-evaluation of credit, a decoupling of interest-rate risk from credit and equity risk, and a market which is more accepting of the Fed comments concerning the anticipated tapering of […] Read more »