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2024

2023

  • Daiwa's View

    Daiwa's View

    7 March 2023 662 KB PDF
    • UK has been incurring constant current account deficit
    • Performance of British pound depends on inflow of investment funds
    • British pound will be influenced by whether UK can retain position as financial center
  • Daiwa's View

    Daiwa's View

    7 March 2023 1066 KB PDF
    • 10-year UST yield above 4% and JGB reversion
    • Conditions more likely to encourage JGB reversion compared to last year
  • Daiwa's View

    Daiwa's View

    3 March 2023 799 KB PDF
    • Our near-term view of the USD/JPY
    • Increased risk of yen depreciation is only temporary
  • Daiwa's View

    Daiwa's View

    3 March 2023 833 KB PDF
    • Commodity currencies as spot for parking funds amid USD weakness?
    • Selling pressure on commodity currencies if recession emerges
    • Long-term commodity currency trends impacted by commodity super-cycles
  • Daiwa's View

    Daiwa's View

    1 March 2023 788 KB PDF
    • Commodity currencies as spot for parking funds amid USD weakness?
    • Selling pressure on commodity currencies if recession emerges
    • Long-term commodity currency trends impacted by commodity super-cycles
  • Daiwa's View

    Daiwa's View

    22 February 2023 903 KB PDF
    • We forecast US 10-year yield of 3.8% at end-Mar 2023 and 3.3% at end-2023, reflecting new rate hike projections
  • Daiwa's View

    Daiwa's View

    16 February 2023 631 KB PDF
    • The key is how one anticipates yen selling due to actual demand and speculative investment
  • Monthly MBS Issue

    Monthly MBS Issue

    14 February 2023 1156 KB PDF
    • JHF shows market it recognizes importance of demand by smoothing out issuance