Investors have become increasingly concerned about the outlook for the $3trn US municipal bond market. Although issuers of US municipal bonds are faced with many challenges, we think investors’ worst...

The completion of Fed purchases of Treasury securities is only likely to result in sustained increases in their yields if it leads to a reassessment of the outlook for short-term interest rates...

Japan’s equity market bounced back on Tuesday after last week’s sharp sell-off in the wake of the Tohoku earthquake. Although we remain on cautious on the outlook for global equities – our year-end...

Finance Ministers from the G7 are due to discuss the economic and market implications of the Japanese earthquake on a conference call beginning at 7am Tokyo time tomorrow. Given the scale of the...