The credit spread of the JP Morgan EMBI Global Index of emerging market dollar-denominated government bonds has increased sharply since the middle of 2014. However, this reflects specific concerns...

Basel III regulations appear to have increased US banks’ demand for Treasuries and helped to depress yields at the short end of the curve. What’s more, the continued phasing in of the regulations...

While demand for US Treasuries as a “safe haven” may have increased over the past year, we doubt this has contributed significantly to the sharp decline in their yields. Other factors that are also...

Despite the strong performance of equities in the euro-zone so far this year, we think there is more upside for those in Japan. Our end-2015 forecast for the DAX is 11,000, which is barely above its...