Skip to main content
Citi

Citi Wealth Insights

-

RBA likely to shift to slightly more hawkish in July following the solid Australian jobs report

AUD: RBA may no longer roll-forward purchases to Nov-24 bond after the strong May jobs report - the Australian May labor force smashes all expectations with employment rising +115.2k (Citi; 39.1k, Consensus; 35k), and the unemployment rate falling from 5.5% to 5.1% (Citi and Consensus; 5.5%) even as the participation rate rises from 66% to 66.2% (Citi and Consensus; 66.1%).
Continue Reading
-

Traveling to the post-COVID world: New portfolios for a new economy

In Mid-Year Outlook 2021, we examine our exit from the pandemic and what lies beyond. We highlight the assets that still...
Watch Now
-

June FOMC - hawkish upward revisions to dots, taper into view

USD: Citi analysts see the updated Fed projections overnight as more hawkish than expected, with the median dot implying two 25bp hikes by the end of 2023 versus Citi analysts’ base case of the median 2023 dot to move to only one 25bp hike.
Continue Reading
-

June policy minutes – RBA mulls its QE options

AUD: RBA June board meeting Minutes - On the yield curve control target (YCC), the Bank notes that consideration to roll forward onto the November 24 bond would imply that the cash rate will not increase until late 2024.
Continue Reading
-

June FOMC board meeting this week - preview

USD: Another potentially pivotal data release (stronger-than-expected US core CPI inflation) has come and gone with a counterintuitive market response – 10Yr Treasuries yields falling to their lowest levels since early March on Friday.
Continue Reading
-

The Beginning of the End of Easy Money

Citi analysts believe the period of “free money policy” is coming to an end. The very strongest returns from the crisis period have passed. Citi analysts urge investors to allocate for the opportunities of the new post COVID-19 economy that lies ahead.
Continue Reading