As commodity prices recovered and fears of a hard landing in China faded, corporate bonds delivered healthy returns in the US and euro-zone last year, and credit spreads narrowed. However, as the bull...

We doubt that the rally in emerging market dollar-denominated government bonds will last much longer, as the sell-off in US Treasuries resumes and one-off supportive factors unwind.

The widespread pessimism about the outlook for the UK economy in 2017 seems at odds with the continued gains in UK equity prices. This can partly be explained, of course, by the importance of overseas...

We are revising up our forecasts for the US dollar against the euro and the yen to reflect our view that the contrast between the policies of the Fed on the one hand and the ECB and the BoJ on the...