Globally, there is a concerted need to get the public finances in order, to put a stop to this bond rout. The recent deficit targets announced by France & Italy,…
Intense selling pressure on long-dated government bonds continued last month. In certain cases, bond markets are reacting to the prospect of looser fiscal policies (e.g., Italy, Mexico). Japan is readying…
The rise in US Treasury yields is relentless. The 30-year inflation-indexed yield jumped to 2.33% yesterday. Globally, there is intense selling pressure on long-dated government bonds. It is much harder…
The September PMI data may have swayed the MPC to vote 5-4 in favour of maintaining bank rate at 5.25%. This could be a policy mistake. Politicians had been pressuring…
If the FOMC opts for one more rate hike, and holds, the bond market will do the rest of the tightening. The rest of the Treasury yield curve will shift…
Pressures on the healthcare system and social care in the UK are building. Moody’s expects more English councils will fail, due to the falling value of commercial property investments, high…
