Treasury yields are tumbling. A slowdown in China and the spread of the Covid-19 delta variant are driving the view that developed economy Central Banks will act less quickly to…
The tide is turning for European VC. Venture-backed start-ups in Europe raised $49.6bn in the year through to June 11th, almost matching the total for the whole of 2020 ($51.7bn),…
Friday’s PCE report contained some good news for the Fed. The core deflator (ex-food & energy) rose 0.48% m/m in May. The core CPI (ex-food & energy) was up by…
The FOMC has flattened the Treasury yield curve this week. Whether that was the Fed’s intention is not clear. Officials may have preferred a bigger reaction at the long end…
Market expectations for short-term interest rates have risen in the UK this week. The strong CPI print for May and the labour market data may push the BoE to follow…
