We think that corporate credit spreads in the US will continue to climb this year, as the economy there slows. Our forecast is for the spreads of speculative-grade bonds to rise by well over 100bp, on...

The spread between the yields of 10-year government bonds in Greece and Italy has fallen sharply following the latest European Parliament elections. We now forecast that it will turn negative...

While it may appear as if the US stock and bond markets are sending mixed signals about the health of the economy, it is common for equity prices to remain high while Treasuries rally in anticipation...

The relationship between the renminbi and other emerging market currencies has strengthened in recent years. While the response to renewed US-China tensions has been limited so far, if the renminbi...