HALISTER1: Eaton Vance Favors SEK/EUR Given ‘Easy’ Swedish Central Bank

Eaton Vance Favors SEK/EUR Given ‘Easy’ Swedish Central Bank

(Bloomberg) -- “Of all the central banks in the world that are too easy, the Riksbank in Sweden is certainly one of them,” Eaton Vance portfolio manager Eric Stein said in Bloomberg TV interview.
  • If ECB starts to consider normalizing monetary policy, Sweden’s Riksbank should follow suit
  • Eaton also favors AUD/NZD, given stronger cyclical data in Australia, and likes Indian bonds and INR  
    • RBI cut interest rates today, countering global trend
  • Still “pretty good value” in EM real interest rates vs DMs; EM dollar debt “a little bit frothy”
To contact the reporter on this story: Anna Windemuth in New York at awindemuth1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Vivien Lou Chen

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1083Z SS (Sveriges Riksbank)

People
Eric Stein (Eaton Vance Corp)

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