Fixed Income Portfolio Strategist Portfolio Advisory Group–U.S.
Since joining RBC Wealth Management in 2020, Atul has focused on macroeconomic analysis and yield curve management strategy. He is a member of the firm’s U.S. fixed income subcommittee, which determines the investment profile for the U.S. fixed income allocation of RBC Wealth Management’s managed portfolios. Atul is also a regular contributor to the Global Insight suite of products, providing insights on U.S. fixed income in both the weekly and monthly publications.
In addition to macroeconomic analysis, Atul provides regular insights into corporate issuers in both high yield and emerging markets. He has been quoted on these topics in online and print publications including The Wall Street Journal and MarketWatch.
Atul has over 20 years of financial markets experience, primarily in portfolio management and proprietary trading at such firms as D.E. Shaw, Credit Suisse and Cargill. He has a Bachelor’s degree in economics from Harvard College and is a CFA charterholder.
U.S. government borrowing costs on longer-maturity debt have risen more quickly than on shorter-maturity debt since so-called reciprocal tariffs were announced. We discuss what drove that reaction and why the difference is likely to persist.
Running up debts to buy foreign goods is unsustainable in the long term. Identifying the problem is simple, but we see no easy or quick escape for the U.S. from the imbalances built up over the last four decades.
The Fed has often been quick to cut rates to help support the economy during slowdowns. We look at why the current combination of potential inflationary pressures and policy uncertainty may leave the Fed sidelined longer than some investors may hope.
The dollar’s role in the global economy is evolving, and its “exorbitant privilege” looks to be as well. We examine the greenback’s role as the reserve currency and the implications of the world’s changing currency appetites.
Economics is rife with self-correcting mechanisms, and we give our thoughts on how that dynamic is likely to play out in the relationship between the U.S. budget deficit and longer-term interest rates.
Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.
Every administration enters office with aggressive policy goals. But a lot of give-and-take may be needed to turn goals into policy.
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