One reason for the sell-off in the US stock market in the first half of this month appears to have been concern that valuations in the technology sector are stretched. But there is little evidence to...

One development that is likely to cap future rises in long-term government bond yields in some of the major advanced economies is the persistence of exceptionally loose monetary policy. But this is...

There are good reasons to be cautious on the near-term prospects for the Nikkei, but we expect equities in Japan to outperform those in other major developed markets over the rest of the year.

At around 170bp, the spread over Treasuries of US corporate bonds with a 7-10 year maturity and BBB rating is now less than its average of the last quarter of a century and the smallest since before...