Capital Calls

Published on: 1 June 2021

These are our highest conviction macro calls, and their market implications. These calls are rooted in our macroeconomic analysis, selected according to the strength of our views, and with an emphasis on assets that are widely tradeable. Current calls include for long-term US Treasury yields to rise further than similarly-dated government bonds elsewhere, and why we don’t think commodities markets are seeing the start of a “supercycle”.