Amundi ETF Market Strategy-Weekly Pulse

May 17, 2024--Risk assets extended gains and hovered near record highs. A further deceleration in inflation revived hopes that both the US Federal Reserve and the European Central Bank (ECB) are heading closer to a pivot in monetary policy.
Treasuries rallied across the board and the US dollar weakened. Flows were primarily directed into government bond exposures and high yield debt.

Japan and EM exposures were favoured within equities.

PREDICTABILITY WITH FIXED MATURITY

Navigating the ECB's future policy rates path:
The final inflation release for April indicated continued disinflation in the euro area, clearing the way for the central bank to start cutting rates in June.

Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

July 3, 2025-Tokenization unlocks efficiencies like instant settlement, 24/7 trading, and fractional ownership-but real-world adoption depends on solving infrastructure and regulatory challenges, not just technology.
Market makers face key friction points in tokenized markets: fragmented liquidity requiring pre-funding across blockchains, lack of product-market fit without real demand, and operational complexity from 24/7 trading.