There is a consistent thread of discussion regarding the impending Fed rate hike and its impact on various markets, which are known to front-load the expected returns impact of the entire series of hikes in the first hike. Such forward expectations of relative value are common, as a change in interest rates impacts the expected returns not just in bonds, but any market that considers U.S. Treasuries as one barometer of return of “safe” assets. When return of safe assets rises, a value adjustment across the risk curve should be expected. What a higher U.S. interest rates does is increase…
Emerging Market Currency Values Are Not All About The US Fed
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.