The yields of 10-year government bonds in Germany, Switzerland and Japan have edged up after touching 2½-year lows earlier this week. But we doubt that they will rebound as fast, or as far, as they...

We are not surprised that EM currencies have weakened against the dollar over the past week, and expect them to fall further by the end of the year. Three features of the latest sell-off help to shed...

We think that the recent inversion of parts of the US Treasury yield curve is a bad sign for the S&P 500, which we expect to fall sharply over the rest of this year as growth in the US economy...

Given the prospects for monetary policy, we forecast that that the rally in government bonds will continue in the US; run out of steam in Germany and Japan; and reverse in the UK if a “no-deal” Brexit...