10 FEB 2022
January 2022 will be remembered as a weak month with a broad-based correction for risky assets (excluding a few “value” names). Hawkish Central Banks have completely taken over the centerstage of volatility in market beta, resulting in a surge of short-term rates and a flatter yield curve.
At the time of writing, the Fed signaled a more aggressive hiking path than during recent cycles; the ECB put rates on hold while acknowledging the unanimous concern on inflation and a policy recalibration will be held in March; the BOE hiked by 25bps with a few participants voting for a 50bps step up.
Utoquai 55
8008 Zürich
Switzerland
Asset Management
+41 43 888 45 60
Wealth Management
+41 43 888 60 60