We continue to expect the 10-year US Treasury yield to hit 2.5% by year-end. Admittedly, the Fed’s second round of quantitative easing (QE2) draws to a close this month, there are concerns that...

We have revised our expectation of a large rebound in the value of the dollar. Although we still think some appreciation against the other “majors” is likely by the end of next year, we now forecast...

Overseas investors appear to have lost their appetite for Japanese equities after a lengthy buying spree. This has presumably been due to the continued underperformance of Japan’s stock market despite...

The yield on 10-year Treasuries has fallen below 3% for the first time this year and by more than 60bp since early April. To some, this rally must inevitably come to an end soon. After all, the Fed’s...