The expert magazine of Ostrum AM

Read our market review and find out all about our theme of the week in MyStratWeekly with our experts Stéphane Déo, Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
 
This week:

Topic of the week: The Fed and the $10T mortgage market

  • The sharp increase in home prices in the US is definitely worth monitoring.

  • Strong home sales and mortgage refinancing demand spurred by Fed monetary easing resulted in near-record residential mortgage origination in 2020. 
  • It will be interesting to see if Fed policymakers find appropriate to dial down support to a booming housing market in light of building risks to financial stability.

 

Market review: The Fed’s virtual reality 

  • Powell maintains current stance despite disagreements within FOMC.
  • Several banks raised rates last week
  • Treasury note yields hover about 1.70%
  • Modest pullback in equity markets

Bloomberg Barclays, Long US Treasury Index : Drawdown

Figure of the week

The depreciation of the Turkish lira this morning after the sudden firing of Turkish central bank head Naci Agbal by President Recep Tayyip Erdogan over the weekend.

MyStratWeekly : Market views and strategy

Download Download MyStratWeekly - March 22nd 2021
  • Stéphane Déo

    Stéphane Déo

    Head of markets strategy

  • Axel Botte

    Axel Botte

    Global strategist

  • Aline Goupil-Raguénès

    Aline Goupil-Raguénès

    Developed countries strategist

  • Zouhoure Bousbih

    Zouhoure Bousbih

    Emerging countries strategist

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