Capital Daily

Capital Daily

We see little upside for developed market corporate bonds

Even if the global economy proves fairly resilient to Omicron, we don’t think that there is much scope for corporate bonds to perform better than government bonds over the coming years.

2 December 2021

Capital Daily

Omicron & Powell present risks to our Treasury yield view

The spread of the Omicron variant and Fed Chair Powell’s latest comments to Congress both present some downside risks to our view that the 10-year US Treasury yield will end next year some way above its current level.

1 December 2021

Capital Daily

Omicron, Powell and the US dollar

With financial markets already firmly in risk-off mode following the emergence of the Omicron variant, Fed Chair Powell’s suggestion that the FOMC may still increase the pace of policy tightening has added further pressure on risky assets and reversed much of the dollar’s weakness over the past few days. Should policymakers stick to their guns on policy tightening, we may well see further dollar strength in the coming weeks.

30 November 2021