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Global Markets: Stocks Over Bonds

No matter what short-term respite is on the cards for global fixed income (the JPMorgan EMBI Plus spread has already eased back to 305 basis points (bps) from a high of 390bps in June), we continue...

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Emerging Market Currencies: TRY Harder

Most of the world appears to be adjusting to the reality that the end of the US Federal Reserve’s long-term easing cycle is finally in sight. In the past month, emerging market central banks...

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