Rising Yields Will Not Derail the Economy
Download Oliver Brennan's Macro Strategy, "Rising Yields will not Derail the Economy"
- Anything is a risk when equities are rich; but higher yields, steeper curves and rising earnings are natural in a recovery
- 10y yields are also anchored by short-end: yields >1.5% imply tight Fed policy
- Global demand for US bonds is strong: EM FX reserves are rising
Head of Research
Ollie joined TS Lombard in April 2017 and is part of the Macro Strategy group, working on medium-term asset allocation and shorter term tactical investment ideas with a particular focus on currencies and fixed income. He is now Head of Research at TS Lombard, and leads our team of analysts.
He has more than ten years’ experience in financial markets on the buy- and sell-side, prior to joining TS Lombard, as FX strategist in a large macro hedge fund. As well as being an experienced market strategist he has been closely involved in portfolio construction, risk management and trade structuring throughout his career.
How we work with our clients
Our culture is to produce high conviction views, constantly test them and holding ourselves to account. And we are storytellers trying to explain a complex world. By specialising in serving the investor community, we are able to apply our macro and thematic thinking to the specific needs of varied investment professionals across multi-asset, equities, fixed income, wealth management and specialist classes. Clients use our views both as raw material to inform their own research process and as a source of specific ideas to inform trades or asset allocation over the short, medium and long-term.