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Algonquin-Commentary-January-2018.pdf

🔗 Source: algonquincapit.wpengine.com

📊 Size: 135 KB

👤 Author: Markus Otema

⬇️ Downloads: 69

Summary

Interest rates have been artificially suppressed since the 2008 Great Recession through central banks' aggressive rate cuts and quantitative easing. However, with global economies gaining strength, central banks are poised to reverse this trend, potentially leading to rising interest rates. The pace and magnitude of this rise are uncertain, and the removal of stimulus may impact markets. From 2015 to 2017, the US, Europe, and Japan issued $3.77 trillion in debt, while the Bank of Japan and European Central Bank purchased $4.88 trillion in sovereign bonds, lowering yields by over 1%. The economic outlook is positive in the US, with potential for wage growth, but murkier in Canada due to concerns over indebtedness and potential headwinds. The Algonquin Debt Strategies Fund LP gained 1.19% in January, benefiting from exposure to REITs, bank subordinated debt, and floating rate notes. The fund maintains a modest risk exposure, with positions concentrated in shorter-dated securities, and is prepared to increase hedging activity if warranted.

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Description

Interest rates have been artificially suppressed since the 2008 Great Recession through central banks' aggressive rate cuts and quantitative easing.

Technical Information

File Format: PDF
File Size: 135 KB
Pages: 3
Language: EN
Author: Markus Otema
Total Downloads: 69
Last Updated: 1 week ago

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