Our view from the outset has been that 2013 would be a year of two halves for risky assets, with a strong start eventually giving way to renewed weakness. In the event, while we were correct to be...

The prospect of an extended period of loose monetary policy facilitated by low inflation should provide ongoing support to many emerging market (EM) local currency government bonds. However, we expect...

The jump in the yields of Japanese government bonds (JGBs) in the last few days probably reflects a confluence of many factors, including speculation that domestic institutions are set to step up...

There are three main reasons why further monetary stimulus, including quantitative easing (QE), is likely to benefit equities more than it benefits the prices of industrial commodities, including...