Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Alicia Garcia Herrero
  • Alicia Garcia Herrero
Alicia Garcia Herrero
  • Alicia Garcia Herrero

Venezuela: the upending of values and another warning to Europe

The stunning military operation conducted by the United States on 2 January to remove Venezuela’s President Nicolás Maduro sends an unmistakable message: the Monroe Doctrine is back and the US will not tolerate external powers exerting control in Latin America. However, the consequences of the US intervention in Venezuela extend far beyond the Americas. In particular, China has expanded its influence in Venezuela since 2008, when the global financial crisis and collapsing oil prices threatened t...

Natixis US Rates Technical Chartbook - January 5th 2026

Happy New Year! The New Year brings some interesting technical developments in US rates, such as 2s10s breaking above key weekly resistances, 2s5s10s on the move (targeting -12bps), 5s and 10s holding decent supports but failing to bounce much off them, and a well defined bearish channel in 30yr bonds that will be challenged by a bullish reversal signal.  Please see the attached for all the details.John BriggsHead of US Rates Strategy

Alicia Garcia Herrero
  • Alicia Garcia Herrero

Venezuela's Impact on Asian Investors has three Key Channels

US forces targeted military operation in Venezuela and Maduro's removal is a major global event with relevant consequences for Asian investors even if they so far seem to have shrugged it off. Three key channels of impact on Asia stand out.First, China's deep economic stakes in Venezuela could be at risk, built on $60 billion in loans restructured into oil-for-loan swaps and investments in precious metals and critical raw materials. Since Maduro's 2023 Beijing visit elevating ties to an "all-wea...

Inna Mufteeva ... (+2)
  • Inna Mufteeva
  • Thibaut Cuilliere

Lipper-FMI fund flow data - Week ended August 29

Fund flows showed a more risk-on mood of the investors due to more positive political news flow (respite in trade war tensions, new coalition government in Italy) . Indeed, US IG and US HY enjoyed +3.5bn and +$0.69bn inflows respectively while EM debt funds got +$0.2bn. Yet, investors remained vary of equities with the $7.3bn of outflows for US-based equity funds . M oney market funds saw significant outflows at $16.2bn after solid inflows a week before -$16.2bn while l everage loan funds did no...

Inna Mufteeva ... (+2)
  • Inna Mufteeva
  • Thibaut Cuilliere

Lipper-FMI fund flow data - Week ended August 29

Fund flows showed a more risk-o n mood of the investors due to more positive political news flow ( respite in trade war tensions, new coalition government in Italy) . Indeed, US IG and US HY enjoyed +3.5bn and +$0.69bn inflows respectively while EM debt funds got +$0.2bn. Yet, investors remained vary of equities with the $7.3bn of outflows for US-based equity funds . M oney market funds saw significant outflows at $16.2bn after solid inflows a week before -$16.2bn while l everage loan funds did ...

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