CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 12/16/21

The Fed's hawkish pivot came a few weeks before yesterday's FOMC meeting, which confirmed more or less what the market had already largely anticipated. Australia reported a dramatic improvement in the labor market last month. The UK's preliminary PMI also looks to have been impact...

The defining characteristics of the economic outlook for 2022 could be more about the composition of global growth than its trend. Year 2022 will be marked by the Fed's tapering and fading fiscal stimulus. The potential for spread pick-up and ratings boosts in the structured credi...

The US 10-year Treasury yield is flat, near 1.44%, while European yields are mostly a little higher. The yuan has been confined to an unusually narrow range within yesterday's range, and for the second session, the dollar has not traded off the CNY6.36 handle. Ahead of the FOMC me...

Global economic growth will be slower but still above trend in 2022. This forecast should allow equities to outperform bonds. Inflation has yet to peak, but it will likely decline over the year and as a result any central bank tightening will be modest. 2021 was a year of rebound ...

The EMBI High Yield Index yields 330 bps above the U.S. High Yield Index, which is around two standard deviations relative to the last five years’ average. Apart from China and the frontier markets, there are opportunities in more “traditional” EM countries. I...

In the sovereign space, we have a strong preference for BB- or B-rated sovereigns because of the valuation that’s currently offered. On the corporate side, we have a preference in between investment-grade and high-yield rated debt. On the residential side, fundamentals are ...

Taking an active approach in fixed income will be key to finding investment success in the upcoming year. In 2022, we expect the market narrative to transition to the traditional expansionary phase of the business cycle. We believe 2022 will be a strong year for “rising sta...

The Australian dollar rose about half of a cent yesterday and is up around another half-cent today to test $0.7100. On November 30, the euro spiked higher and has subsequently worked its way lower. The US is expected to report that productivity fell in Q3 by 4.9% rather than the 5...

The absence of negative developments surrounding Omicron over the weekend appears to be helping markets stabilize today after the dramatic moves at the end of last week. Asia Pacific equities traded heavily, and among the large markets, only South Korea and Australia escaped unscathed...

There still is a bias in the currency market of talking about the Japanese yen or Swiss franc as safe-havens. The Federal Reserve meets in mid-March 2022, and if the Fed would finish its tapering that month, it could ostensibly raise rates at its next meeting, which is on May 4. E...