Stone & McCarthy Research Associates (SMRA), a Xinhua Finance subsidiary since July 2004, offers bond market and economic analysis, internationally-acclaimed for its incisiveness and thoroughness. SMRA's bond research includes projections of trends in interest rate, yield curve movements, and spread relationships across market sectors such as corporates, mortgages, money markets and agencies. Coverage of the economy includes analysis of business cycle trends, as well as projections and interpretation of economic indicators, such as labor statistics and GDP, and their significance for monetary policy. SMRA keeps market professionals connected through intraday, daily, and weekly commentaries, as well as market snapshots, economic data and market summaries, event calendars, and economic data libraries. SMRA also provides unique portfolio manager surveys for the U.S., U.K, Germany, Japan and Australia.
In 1989, SMRA became the first provider of third-party research on the Bloomberg(c) service for its "worldwide customer base of issuers, financial intermediaries, and institutional investors." SMRA currently staffs economists and analysts at its offices located in the US, London, Tokyo, and Sydney. The research staff offers their invaluable knowledge gathered through years of experience at securities dealers, major institutional investment houses, government agencies, central banks, and universities.