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Outlook
News found: 124
Rates strategy
OATs: Still trop tôt
We remain underweight French government bonds. The transition towards greater domestic ownership of French debt will happen in a context of much higher monetary policy rates, the lack of a massive, price-insensitive buyer (the ECB) and a much higher deficit than in the aftermath of the eurozone debt crisis episode.
10.30.26
Other
Getting near peak rates
We expect the ECB to remain on hold in October. All eyes on financial conditions.
10.21.26
Equity strategy
Wider Credit Spreads Push Equities to NEUTRAL
We adopt a tactical NEUTRAL stance on equities amid a challenging earnings season and tighter credit conditions. Regionally, we move to NEUTRAL across major markets and shift to a more defensive sector allocation.
10.21.26
Macro Outlook
PACE KEEPING
We raised our US and euro-area inflation forecasts in response to the persistent energy shock. A potential ECB dovish bias will hinge on core inflation converging towards target in H2 2027.
10.21.26
Rates strategy
Topping TIPS
Little scope for further increases in real yields. TIPS are an attractive investment opportunity.
10.21.26