The year-to-date returns from US equities and (7-10 year) US Treasuries are plus 18% and minus 6%, respectively. Judging by recent shifts in asset allocation, many expect the superior performance of...

Today’s euro-zone GDP data provided a further small boost to the region’s stock markets, which have been enjoying something of a revival in the second half of 2013. However, the economic outlook in...

There are many factors behind the recent partial recovery in the yen and associated weakness in the Nikkei, but perhaps the most important is fading expectations of more aggressive monetary easing by...

The UK MPC’s "forward guidance" had little initial impact on Gilts on Wednesday but we still think it will help them to outperform US Treasuries over time. That being said, we do not expect the 10...