Vi e w p o i n t | 16 Feb 2026 03:28:05 ET │ 10 pages India Economics Trip Notes from Investor Meetings – Five Burning Topics CITI'S TAKE We met around 40 equity and fixed income investors in Singapore last week following important events like the union budget, RBI MPC and the trade deals with EU and US. In this note we cover the 5 most important debates/discussions we had during the trip. The topics ranged from understanding the strength of the economic recovery and its impact on core inflation to the imme ...

Vi e w p o i n t | 13 Feb 2026 16:15:03 ET │ 13 pages US Equity Strategy AI Disruption Fears Add to Building Idiosyncrasies CITI'S TAKE Our overarching theme remains expect a more volatile bull. The volatility portion of that thesis is playing out under the surface of a relatively range- bound S&P 500. But its drivers are posing a risk to the longer-run fundamental narrative around productivity, margin enhancement, and higher through cycle valuations. AI innovation and its disruption are calling into questi ...

Accessible version The Flow Show AI-awe to AI-poor & other Great Rotations Scores on the Doors: YTD gold 13.4%, oil 9.5%, intl stocks 8.7%, commods 8.1%, govt bonds 1.2%, IG 1.2%, HY 1.2%, cash 0.4%, US stocks -0.2%, US$ -1.4%, bitcoin -25.0%. Zeitgeist: "Not even AI's best LLM could unravel the raw emotions of this tape." Tale of the Tape: Trump approval on Wall St at all-time highs, on Main St at new lows (42.1%, on inflation 36.4%); no Trump bump after Feb 24th State of the Union showpiece for affordabil ...

Gisela Young AC +1-212-816-8349 gisela.young@citi.com Vi e w p o i n t | 17 Feb 2026 16:14:10 ET │ 10 pages US Economics Bank balance sheet – Loan growth drives asset growth CITI'S TAKE Total assets on bank balance sheets increased by around $1.1 trln in year over year terms as of February 4th. Most of the growth in assets came from loans and leases which increased by $838 bln over the year. Looking within the loan categories, the largest increase was in loans to non-depository financial institutions which ...

The Flow Show Rock the Geopolitics Scores on the Doors: oil 16.2%, gold 14.6%, commodities 11.8%, international stocks 8.8%, govt bonds 1.4%, IG 1.4%, HY 1.1%, cash 0.5%, US 0.2%, US$ -0.4%, bitcoin - 23.6% YTD. Tale of the Tape: stocks traded AI leaders only in '24/'25, in '26 trading AI leaders and laggards… long "builders" (semis/materials) & short "spenders" (Mag7), long "adopters" (banks) & short "disrupted" (software); once market cap of laggards exceeds market cap of leaders no good for SPX; contrari ...

20 Feb 2026 18:52:13 ET │ 19 pages Vi e w p o i n t | US Economics Weekly IEEPA passes torch to new tariffs CITI'S TAKE The Supreme Court struck down tariffs imposed under IEEPA, but the market reaction was limited given this was widely expected. The administration has already begun to reimpose tariffs through alternative authority, and we expect the average effective tariff rate to only fall slightly, if at all. Still, uncertainty is now higher as rates on individual countries and products are yet to be de ...

19 February 2026 | 4:42PM EST Economics Research Global Market Views: Cyclical Tailwinds, Valuation Headwinds 1. More room for the cyclical rotation. The landscape is characterized by sturdy macro news but increasing signs of fragility in markets. At a broad level we think this contrast reflects that it is later in the market cycle than in the macro cycle—so there is a tension between 'hot valuations' in pockets of equities and credit, and an economy that is getting stronger, with growth likely to be helped ...

Vi e w p o i n t | 22 Feb 2026 19:47:10 ET │ 10 pages China Economics Beyond IEEPA Ruling: US President's China Visit Takes Center-Stage CITI'S TAKE The IEEPA ruling could lower the effective US tariff rate on China by -5ppts to ~26%, assuming the new Section 122 tariff at 15%. However, we see no fundamental shift in US tariff policy towards China, as the administration has already begun rebuilding tariffs through alternative authority. We believe Beijing is unlikely to escalate if tariffs remain at or belo ...

新华财经北京2月24日电春节假期过后债市迎来较强开局。周二（2月24日）期现券早间持稳、午后稍 暖，国债期货主力收盘全线小涨，银行间现券收益率下行0.5BP左右；公开市场单日净回笼9264亿元， 短端资金利率多数上行。 机构认为，央行在关键时间节点对资金面仍保持维稳态度，但时点过后，银行间市场流动性将维持在合 理充裕水平，而非走向过度宽松。进入3月份后，债券市场波动性或将有所加大。 【行情跟踪】 国债期货收盘全线上涨，30年期主力合约涨0.20%报112.96，10年期主力合约涨0.02%报108.5，5年期主 力合约涨0.07%报106.175，2年期主力合约涨0.02%报102.45。 银行间主要利率债收益率多数下行，10年期国开债"25国开20"收益率下行0.25BP报1.9405%，30年期国 债"25超长特别国债06"收益率下行0.5BP报2.2195%，10年期国债"25附息国债16"收益率上行0.3BP报 1.7805%。 亚洲市场方面，日债收益率全线回落，5年期和10年期日债收益率分别下行3.9BPs和3.3BPs，报1.569% 和2.076%。 欧元区市场方面，当地时间2月23日，10年期 ...

KeyBank Recognized as Best Bank in Small Business and Middle Market Banking with Nine National and Regional Coalition Greenwich 2026 Awards [Accessibility Statement] Skip NavigationAwards recognize Key's commitment to building relationships and enduring trust with clients, and providing excellent serviceCLEVELAND, Feb. 24, 2026 /PRNewswire/ -- [KeyBank](NYSE: KEY) is being recognized for its support of small and middle market business clients with nine 2026 Best Bank Awards from Crisil [Coalition Greenwich] ...