Despite continued growth and inflation, long rates back off first-quarter highs

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Despite continued growth and inflation, long rates back off first-quarter highs, as outlined by Eric Stein, Eaton Vance chief investment officer, fixed income, in his latest commentary. Mr Stein notes: “The markets got a bit overextended with the first quarter surge in long-term rates and inflation expectations, and the second quarter reversal appears to reflect

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Eric Stein appointed Chief Investment Officer, Fixed Income at Eaton Vance Management  

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Eaton Vance Corp. (Eaton Vance) (NYSE: EV) has announced the appointment of Eric A. Stein, CFA, as Chief Investment Officer, Fixed Income, of Eaton Vance Management (EVM), effective November 1, 2020.  Mr. Stein will replace Payson F. Swaffield, CFA, who previously announced his intention to retire. Mr. Stein will report to Thomas E. Faust Jr.,

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Geopolitical ramifications of the upcoming US election should not be underestimated

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In the US presidential election, the polls have tightened over the past several weeks and market-implied betting probabilities have started to close. Eric Stein, Co-Director of Global Income at Eaton Vance Management notes: “At this point, however, I think Joe Biden should still be considered the frontrunner. Recent momentum for President Trump depends heavily on

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Investors should consider lasting effects of higher-quality macroeconomic developments

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Global markets have settled into a more normal, high-volatility environment from the extreme volatility over the past few weeks. As hot-spot countries like Spain and Italy hopefully have passed their peak mortality rates, global markets appear to be finding their footing. Michael A. Cirami, CFA, and Eric Stein, Co-Directors of Global Income for Eaton Vance

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US midterm elections: We’re on to 2020!          

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The American midterm elections didn’t trigger any high-level surprises in Congress with the Senate remaining in Republican control and the House flipping Democrat, as expected. Now, investors can focus their political attention on the 2020 presidential race and what should be a wide-open field of Democratic candidates says Eric Stein, Co-Director of Global Income, Eaton Vance, a leading

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Will European politics break the market calm?

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Eric Stein, Co-Director of Global Income,  Eaton Vance, a global investment manager, notes that markets have been seemingly impervious to negative headlines and volatility, but emerging political uncertainty in Europe might just test investors’ nerve. Specifically, we are watching the ongoing stalemate over Catalonia’s independence and the populist movement gaining momentum in Italy. Investors were able

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Where did the Trump trade go? Eaton Vance looks at reasons why the Trump trade has faltered

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The markets showed a clear pattern in the weeks following President Donald Trump’s election victory: stocks rallied, Treasury yields rose and the U.S. dollar strengthened. Some investors and commentators called it the ‘Trump trade’. However, according to Eric Stein, Co-Director of Global Income at Eaton Vance, a leading global asset manager: “Fast forwarding to today,

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Inauguration Day: Trump bump or Trump slump?

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“May you live in interesting times” goes the Chinese curse. It also pretty much sums up many investors’ mindset as they await the inauguration of Donald Trump says Eric Stein, Co-Director of Global Income, Eaton Vance. “Inauguration Day is finally here and it could be a whole new world for investors after January 20th. With

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