The PBoC is working with the EU to implement a jointly recognised classification system for business environmental credentials by the end of 2021. The EU leads on ESG standards: regulatory…
Treasury yields fell sharply yesterday despite a spate of strong economic reports (initial claims, retail sales, manufacturing surveys). The reaction was a ‘goldilocks’ moment for equities, as real yields fell….
Inflation was expected to turn higher in the spring because of base effects. Big price drops in the early months of the pandemic are now dropping out of the annual…
The dollar has ‘defied expectations’ this year, but the pause in the Treasury bond market sell-off has prompted a reversal. The trade-weighted dollar has fallen 1.2% since the start of…
The number of Covid-19 infections reported in the US yesterday (April 5th) was down 5.6% from a week earlier (to 5,742). Fatalities fell 26.0%. In the UK, infections have dropped…
The reverse yield gap, based on 10-year Treasury yields, shows that the equity market could soon be more expensive than any time since the dark days of the credit crunch….
