There are signs that the prolonged contraction in US corporate bond spreads may be drawing to a close. If so, the stock market could struggle to make headway.

A steepening of the yield curve in Japan indicates that investors have become more concerned about the very long-run prospects for bonds. While we think such fears are justified, we doubt they will...

The escalation of the conflict between Israel and Hamas has contributed to the recent resilience of oil prices and the fragility of equities. The avoidance of a full-scale ground war in Gaza might...

Bondholders have not lost faith in the Fed’s commitment to low and stable inflation. But that does not mean they should expect healthy returns.