India continues to be an important allocation for the Trust and our conviction in India's long-term growth story has further strengthened over the past year, leading MCP to add three new high-conviction Indian ideas to the portfolio in 2023. These companies have already contributed significantly ...
1. Q2 set to be the real test, and the earnings trough The second quarter will show the full impact of the national shutdown on US corporates. Consensus expectations are for an 11% revenue fall yoy and a 43% earnings decline. Consensus (see chart below) says this is the revenue and T...
Corporates have the lowest yields, followed by Treasuries, then by corporates, which provide the highest returns. B. Treasuries have the lowest yields, followed by corporates, then by agencies, which provide the highest returns. C. Treasuries have the lowest yields, followed by agencies, the...
Yet the quality of our talent remains a vital competitive advantage for us — if not the vital competitive advantage we maintain. Ours is a business of relationships. This is the case not only in our work with clients, but also here within the firm. To that end, Goldman Sach...
QE tapering is likely to take place by end-2013 though this will largely be data- dependent. The form of this tapering is likely to be the reduction in purchases of UST and MBS to half the current quantum. Seniors versus subordinated bonds trade ideas Among the senior bonds, we prefer ...