To what extent have recent declines in US bond market-based measures of inflation expectations been driven by changes in expectations for inflation? This is neither a conundrum nor as stupid a...

Despite concerns over Greece’s future within the euro-zone, the yields on government bonds in the rest of peripheral and southern Europe have generally remained low and close to those of Germany. This...

While the onset of the ECB’s quantitative easing (QE) is likely to weigh on the euro in time, exchange rates are two sides of a coin, so the fate of the currency will also depend on the prospects for...

While the ECB’s announcement of a bolder-than-expected programme of quantitative easing (QE) has driven the spreads of troubled sovereign bonds even lower, we are sceptical that this will last given...