French debt looks unsustainable. The flows don't say crisis. Yet.
By Vanda Research
France’s debt outlook is deteriorating, but foreign demand for OATs remains strong. Chris Marsh examines the risks and what could trigger a funding crisis.
Leaders In Positioning, Flow & Tactical Macro
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Vanda combines proprietary positioning and flow data with tactical macro intelligence to help investment professionals see where risk is building, where consensus is stretched and where opportunities may be emerging before the market shifts.
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Positioning changes the way you see markets.
Price tells you where the market is. Positioning helps you understand how much of the prevailing view is already expressed, where vulnerabilities are building and where the next imbalance may emerge.
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Cross-asset positioning intelligence designed to show how capital is positioned across global markets.
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Macro, capital flow and market datasets designed to help investors understand the structural forces shaping markets.
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Independent interpretation that connects the data with the macro environment and the catalysts capable of changing the setup.
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Understand the macro regime, where it is changing and what those changes could mean across markets.
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“Positioning is an invaluable variable that is accretive to my existing risk decisions. To beat markets, I have to understand what they're already expecting.”
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Chief Investment OfficerInvestment Bank · United Kingdom “I believe your research is exceedingly good, very tactical, trade oriented and has actionable intelligence.”
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Latest insights
Explore the latest positioning, flow and tactical macro insights and commentary from Vanda.
Australia may be about to hike into weakness
By Vanda Research
Another RBA hike looks increasingly likely, but weakening business conditions and diverging Australia–New Zealand data could matter more for rates and AUD/NZD.
Exante Data to become Vanda Macro Intelligence
By Vanda Research
Vanda to complete the integration of Exante Data, which will become Vanda Macro Intelligence from 1 October, bringing macro, positioning and flow data, analytics and insights together under one brand and platform.
Data tells you where. People help explain why.
Human intelligence remains at the center of Vanda. Our strategists, economists and market practitioners combine quantitative signals with judgment shaped by experience of how positioning interacts with macro conditions, catalysts and changing investor behavior.
Data-led. Human-interpreted. Actionable by design.
Eric Liu
Co-Founder & Head of Research
Jens Nordvig
President & Head of Macro Research
Alex Etra
Senior Macro Strategist & Head of Flow of Funds
Chris Marsh
Chief Economist
Richard Iley
Senior Strategist, Research
Jai Malhi
Senior Strategist, Research
See the market differently.
Understand where capital is positioned, what is driving markets and where the setup may be becoming vulnerable. Vanda gives investors the clarity, timing and conviction to act before consensus shifts.