Resources featuring Cristina Stoian

A new day might rise for India Middle-East Europe economic corridor

The India-Middle East-Europe Economic Corridor (IMEC) is a major new trade and infrastructure initiative with the potential to reshape regional connectivity. Signed on September 9th, 2023, the IMEC aims to bolster economic development by fostering connectivity and integration between Asia, the Persian Gulf, and Europe. Shared economic interests could provide a multilateral basis for dialogue […]

The long is even longer

The U.S. government bond market, a cornerstone of the global financial system, is the world’s largest and most actively traded. As Scott Bessent steps into the role of Treasury Secretary in the US, he faces the colossal task of managing the issuance of trillions of dollars in government bonds. Among his strategies is introducing ultra-long-term bonds (50- to 100-year Treasuries), an idea previously explored by Steven Mnuchin, who served as the 77th United States Secretary of the Treasury from 2017 to 2021, during the administration of President Donald Trump. This approach reflects confidence in stable interest rates and marks a potentially transformative strategy for managing the $36 trillion U.S. debt.

Ultra-long bonds: Purpose and demand

Predicting the future of oil prices – Lessons from history’s biggest oil shocks

From its early discovery in the 19th century to its role as a geopolitical asset in the modern world, oil has consistently shaped global economies and influenced the outcome of wars. Historical oil price spikes, from the oil embargo of the 1970s to the Gulf Wars, have had profound effects on global markets, inflation, and […]

Treasuries should benefit from highly probable September cuts

As of the last policy decision in July 2024, the Federal Reserve maintained its interest rates at a high of 5.25% to 5.50%. However, it is expected that the U.S. Federal Reserve will lower interest rates by 25 basis points after each of its final three meetings in 2024, according to the majority of Reuters-surveyed economists who said a recession is unlikely. Inflation data (currently 2.9 %) and the August employment numbers (significantly weaker than initially estimated) will guide the Fed’s hand in September. Chair Powell stressed in a 2023 speech that the Fed “is navigating by the stars under cloudy skies.”