The severity of any further sell-off in global financial markets may be limited by the general health of the global economy and the scope for policymakers to respond if necessary. Nonetheless, the...

The stripped spread of the JP Morgan EMBI Global (which is comprised of sovereign dollar-denominated bonds) has continued to fall this year, and has rarely been lower in the post-financial crisis era...

This month’s Bank of America Merrill Lynch’s Global Fund Manager Survey revealed that respondents were the most overweight equities relative to government bonds since August 2014. This is not...

After some brief respite, US Treasuries have come under fire again. Indeed, the 10-year yield has now rebounded to its highest level since last spring. We expect its rise to continue this year, as the...