Broker Research: Sector, Macro and Strategy Notes

Bernstein·2026-10-23Sector

Goldman Sachs·2026-10-23Rates

Euro area 2s5s·OverweightUK swap spreads·Overweight

Goldman Sachs·2026-10-23Strategy

Short duration factor·OverweightStrong balance sheets·OverweightGlobal cyclicals value·OverweightAsia AI infrastructure·Overweight

Nomura·2026-10-23Thematic

AMZN GOOGL META

BofA Securities·2026-10-23Macro

JPY·OverweightIDR·UnderweightUSD/JPY: 1522026-12

Bernstein·2026-10-23Sector

B.USNEMRIO.L

BofA Securities·2026-10-23Rates

US 2y Treasuries·UnderweightFrance OATs vs Bunds·UnderweightBoJ policy rate: hold at 1.25%2026-10

Goldman Sachs·2026-10-23Strategy

Agency MBS basis·OverweightNon-QM AAA RMBS·Overweight

Morgan Stanley·2026-10-23Sector

Goldman Sachs·2026-10-23Strategy

Quality / strong balance sheet·Overweight

Nomura·2026-10-23Thematic

UNITREE NVDA TSLA

J.P. Morgan·2026-10-23Sector

Nomura·2026-10-23Macro

CNH·OverweightJPY·OverweightIDR·Underweight

Goldman Sachs·2026-10-23Strategy

ADVANTEST TOKYOEL SOFTBANKTOPIX: 4,400 3-month target3mTOPIX: 4,500 6-month target6mTOPIX: 4,600 12-month target12m

Nomura·2026-10-23Macro

Goldman Sachs·2026-10-23Sector

ANET CLS HPE

Goldman Sachs·2026-10-23Strategy

BofA Securities·2026-10-23Macro

Fed funds rate: 25bp hike in October2026-10ECB deposit rate: final hike in December2026-12

J.P. Morgan·2026-10-23Sector

AMGNNOVN.SW

Nomura·2026-10-23Rates

HK Mar-1y IRS: target 3.80% by end-November2026-11

Research: Broker notes on sectors, macro, rates and strategy

US Telecom: SpaceX in Talks for an 80K Tower Deal-A Potential Point of No Return and Implications for US Telcos

GLOBAL RATES TRADER AI Volatility Disrupts Energy Risks

ASIA STRATEGY BASKETS: Positioning for Higher Rates and a More Differentiated Asia

Global Memory: The unstoppable race

Global FX weekly: Thin cushions, wider cracks

Global Metals & Mining: The fastest & most elastic pound of copper comes from recycling

Global Rates Weekly: OAT la la

MORTGAGE & STRUCTURED PRODUCTS TRADER: Structural changes to non-QM RMBS deals enhance AAA relative value

China Biotechnology: COINS: Familiar Tunes, Evolving Partnerships

EUROPE WEEKLY KICKSTART: Rising Cost of Debt and What It Means for Corporates

Global Robotics: The ChatGPT moment comes into view

China Healthcare Treasury rules for COINS Act: More negative than our expectations, but we see possibility for change

Key focus and themes: FX rate trades with the US-led tech wobble

JAPAN WEEKLY KICKSTART: Under pressure; YTD winning thematics get aggressively sold off

Asia Chart Alert: Nomura’s leading index of Asian exports

Americas Technology: Hardware,Expert Network Series: Data Center & Networking Equipment October 2026 outlook with 650 Group

US WEEKLY KICKSTART One step back from the retail trader, two steps forward from household equity demand

Global Economic Weekly: Shaken and stirred

Cardiology Expert Call: Key Takeaways from the Expert Call on the Evolving Cardiology Landscape

Strategy Trade: Hong Kong rates: Maintain max conviction in front-end receive