Trading Fixed Income and FX in Emerging Markets A Practitioner's Guide.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Willer, Dirk
Otros Autores: Chandran, Ram Bala, Lam, Kenneth
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newark : John Wiley & Sons, Incorporated, 2020.
Colección:Wiley Finance Ser.
Temas:
Fixed-income securities > China.
Foreign exchange futures > China.
Change à terme > Chine.
Fixed-income securities
Foreign exchange futures
China
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • List of Figures
  • List of Tables
  • Introduction
  • Acknowledgements
  • Acronyms
  • CHAPTER 1 EMFX and Fixed Income: Where the Opportunities Lie
  • 1.1 EM Debt
  • Growing Too Fast to Ignore
  • 1.2 Returns Too Attractive to Ignore
  • 1.3 EM as an Alpha Opportunity
  • 1.4 Scope for Even More Alpha
  • 1.5 Summary
  • CHAPTER 2 Global Macro Rules
  • 2.1 What You Need to Get Right: 65% Global, 35% Local
  • 2.2 When the US Sneezes, the World (Still) Catches a Cold
  • 2.3 EM Central Banks Stimulate as Fast as Markets Allow
  • 2.4 When Bullish on US Rates, EM Rates Outperform EM Credit
  • 2.5 When Bullish on EUR, Overweight CEEMEA Over Asia
  • 2.6 When Bullish on Commodities, Overweight Latam Over Asia
  • 2.7 Risk Aversion Barely Hurts EM Rates
  • 2.8 Rising US HY Spreads Worse than Rising VIX
  • 2.9 Summary
  • CHAPTER 3 China: The Only Emerging Market that Counts
  • 3.1 Global Business Cycle Made in China
  • 3.2 The Commodity Link
  • 3.3 On Leverage
  • 3.4 Current Account Surpluses No More
  • 3.5 Enter the Capital Account
  • 3.6 Reading the CNY Tea Leaves
  • 3.7 CGBs: The JGBs for Millennials
  • 3.8 The Grand Decoupling?
  • 3.9 Summary
  • CHAPTER 4 How to Trade EMFX
  • 4.1 Only the JPY is Special
  • 4.2 No Helping Hand from EM Rates
  • 4.3 Carry Works - if You Are Japanese
  • 4.4 Current Accounts: Measuring Risk the Old-fashioned Way
  • 4.5 Going for Growth
  • 4.6 Modest Value in Valuation
  • 4.7 Terms of Trade
  • 4.8 Technicals to the Rescue
  • 4.9 Flows Follow
  • Don't Follow the Flows
  • 4.10 Positioning with Positions
  • 4.11 Going with the Seasons
  • 4.12 Volatility: Foe, Not Friend
  • 4.13 Summary
  • CHAPTER 5 How to Trade EMFX: Event Guide
  • 5.1 Chaining the FX Vigilantes
  • 5.2 Intervention at Work
  • 5.3 Emergency Rate Hikes - Only for Emergencies
  • 5.4 Capital Controls, IMF, or ... China
  • 5.5 IMF Packages Stabilize FX - Eventually
  • 5.6 EM Elections: Of Market Foes and White Knights
  • 5.7 Trading Data
  • 5.8 Summary
  • CHAPTER 6 How to Trade Emerging Market Rates: The Cycle
  • 6.1 Emerging Markets: A Definition for Rates Traders
  • 6.2 The Structural EM Trade is Dead
  • Long Live the Cycle
  • 6.3 US Lessons for EM Rates: Turning Points
  • 6.4 US lessons for EM Rates: After the Turn
  • 6.5 The Power of Patience: Receive Around the Last Hike Until the Last Cut is Close
  • 6.6 More on Patience: Pay into the First Hike Until the Last Hike is Close
  • 6.7 Steepeners: Receivers for Chickens
  • 6.8 Flatteners: Payers for Chickens
  • 6.9 How to Trade QE
  • 6.10 It is Tough to be an EM Central Banker
  • 6.11 EMFX as an Unpleasant Constraint on EM Central Bankers
  • 6.12 Commodity Prices as an Unpleasant Constraint on EM Central Bankers
  • 6.13 The Fed as an Unpleasant Constraint on EM Central Bankers
  • 6.14 Inflation Forecasting in EM
  • 6.15 Peaks in Inflation as the Holy Grail

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