Global Fixed Income & Currency Strategy

Global Fixed Income & Currency Strategy is spearheaded by Harvinder Kalirai. The focus is on analyzing macroeconomic and political trends for the purpose of identifying actionable investment and trading opportunities in G10 bonds and currencies. 

Harvinder Kalirai
Chief Fixed Income & Currency Strategist
Full Bio >

Global Fixed Income & Currency Strategy Deliverables
Weekly Report

Published three times per month, the Weekly Report assesses the major global macro and political themes impacting G10 bond and currency markets. The reports provide continuous updates on our market views and investment strategy.

Fixed Income & Currency Indicators

A chartbook consisting of our proprietary indicators is published 10-12 times per year. Our bond models provide a quantitative assessment of the cycle, value, and momentum. For FX, we focus on technical indicators as currencies are prone to momentum trading and trends.

Special Reports

These are ad hoc in-depth reports that delve into key topics. Some examples include focus reports on Bank of Japan policy, gold, and long-term dollar cycles.

Previous Global Fixed Income & Currency Strategy Research

Fixed Income & Currency IndicatorsSeptember 6, 2019

The risk profile of U.S. Treasuries has deteriorated over the last month, but yields may still have more downside potential. Bond yields should continue to decline until policymakers have taken sufficient measures to improve the economic outlook.


The Dollar PuzzleMay 6, 2019

The Fed has created a shortage of dollar liquidity, which has been a factor behind the recent resilience of the greenback. The upward pressure on the dollar should alleviate as the Fed brings QT to an end and lowers short-term interest rates later this year.


End Of The Line For The Bank Of Japan?March 1, 2019

The truth of the matter is that the BoJ has been tapering JGB purchases for over two years now. This shift has less to do with a desire to pare back the monetary stimulus. Rather, the change in the BoJ’s stance is driven by supply constraints. As hard as it may be for investors to believe, the BoJ is faced with a shortage of JGBs!

Global Fixed Income & Currency Strategy

Global Fixed Income & Currency Strategy is spearheaded by Harvinder Kalirai. The focus is on analyzing macroeconomic and political trends for the purpose of identifying actionable investment and trading opportunities in G10 bonds and currencies. 

Harvinder Kalirai
Chief Fixed Income & Currency Strategist
Full Bio >

Key Deliverables
Weekly Report

Published three times per month, the Weekly Report assesses the major global macro and political themes impacting G10 bond and currency markets. The reports provide continuous updates on our market views and investment strategy.

Fixed Income & Currency Indicators

A chartbook consisting of our proprietary indicators is published 10-12 times per year. Our bond models provide a quantitative assessment of the cycle, value, and momentum. For FX, we focus on technical indicators as currencies are prone to momentum trading and trends.

Special Reports

These are ad hoc in-depth reports that delve into key topics. Some examples include focus reports on Bank of Japan policy, gold, and long-term dollar cycles.

Previous Research

Fixed Income & Currency IndicatorsSeptember 6, 2019

The risk profile of U.S. Treasuries has deteriorated over the last month, but yields may still have more downside potential. Bond yields should continue to decline until policymakers have taken sufficient measures to improve the economic outlook.

The Dollar PuzzleMay 6, 2019

The Fed has created a shortage of dollar liquidity, which has been a factor behind the recent resilience of the greenback. The upward pressure on the dollar should alleviate as the Fed brings QT to an end and lowers short-term interest rates later this year.

End Of The Line For The Bank Of Japan?March 1, 2019

The truth of the matter is that the BoJ has been tapering JGB purchases for over two years now. This shift has less to do with a desire to pare back the monetary stimulus. Rather, the change in the BoJ’s stance is driven by supply constraints. As hard as it may be for investors to believe, the BoJ is faced with a shortage of JGBs!

“At Alpine Macro, we have brought together some of world’s brightest and most successful Strategists with decades of combined experience with global financial markets. Our clients can rest assured that our team is dedicated to producing the most insightful, relevant and provocative independent investment research you can find.”

– Chen Zhao, Co-founder & Chief Global Strategist