Bonds Analysis & Opinion

The Treasury yield curve is inverting as sentiment frays, partly because hopes on the U.S.-Sino trade agreement are evaporating.Treasury yield curve inversion that’s throwing eye-catching shapes...

SummaryCoordinated signals, subtle and vague from the leaders of Italy’s coalition government, are underpinning European stock markets again. Italian coalition blinks The mood—which is...

SummaryIt’s now ‘officially’ a dollar comeback week. It looks like stock markets are beginning to reflect this. FTSE MIB clings to thin weekly rise Judging by the pattern for most of...

There is something inherently wrong with this market. In a healthy market, stocks and bonds maintain a negative correlation. When stocks rise bonds tend to fall, and vice versa.The logic is simple....

SummaryLasting changes to risk appetite might be showing. Tail of the yield spike Stock markets declined to immediately rush on to the front foot during an 11 hour pause in Treasury selling. A shallow...

Analysts are attributing the increase to a strong US economy, hawkish Fed comments, technical factors or even possible demand for return premia. Yet, significant corporate issuance, higher dollar...

A booming US economy and comments from Fed chairman Jay Powell last night appear to have been the catalyst for a sharp move higher in US 10-Year yields through the highs this year of 3.12% to push up...

European markets enjoyed a bit of a rebound yesterday after Italian politicians modified some of their language, offering to lower the deficit from 2020 onwards. The more conciliatory tone took some...

Italy’s new government faces its first real test today: can the fragile coalition of radicals and centrists present a coherent budget that is palatable to the EU and won’t break the bank?...

This week has been a mixed one for the dollar, and by extension gold. Sentiment towards the greenback turned slightly negative in mid-week following the release of some weaker-than-expected US...

The US treasury curve has garnered significant attention, especially on the ‘curve inversion’ where the short-end of the curve yields is higher than the long(er) end. What has the market...

We are now in a firmly hiking environment, unless something derails the US economy in the coming months. The US treasury curve has been flattening, with 2y:10y reaching new lows.That being said, with...

During today’s monetary policy meeting, the Bank of Japan (BoJ) confirmed it will maintain its short-term policy interest rate at -0.10% 'for an extended period of time', unchanged since 29....

EuropeIt’s been a broadly negative day for markets in Europe today, as trade tensions reassert themselves after the EU announced it was preparing countermeasures to further US tariffs and it was...