The Year of the Central Banks
Stress-testing the impact of monetary policy tightening
2019 will be a decisive year for three of the world’s biggest central banks. In this paper, we use the stress-testing capabilities of our Axioma Risk™ platform to examine the impact of rate hikes on a global multi-asset class portfolio, with a particular focus on equity and credit spread performance in response to a yield curve inversion.
Christoph V. Schon, CFA, CIPM
Executive Director, Applied Research