We have revised up our end-year forecast for the S&P 500, as the index’s surge to above 2,400 since President Trump was elected has left it well above our previous projection. Nonetheless, for now at...

There hasn’t been much action in the Treasury market since yields shot up last November after Donald Trump was elected US president. As is the case for the US stock market, though, low volatility...

There is a view that a big correction in the US stock market lies around the corner, because volatility is very low. This view has been influenced by the fact that volatility was very low before the...

We think that the hunt for yield will end soon, as the available return on US Treasuries rises in response to tighter Fed policy than investors are anticipating. This probably wouldn’t result in the...