Filtered by Subscriptions: Bonds & Equities Use setting Bonds & Equities
This report is only available as a PDF. Click to download. … China’s GDP data to signal strength of Q4 rebound …
18th January 2013
This report is only available as a PDF. Click to download. … Rebound in the yen may prove fleeting …
17th January 2013
This report is only available as a PDF. Click to download. … Germany's economy may shrink this year …
16th January 2013
We have reviewed our key market forecasts. The new numbers are presented in the table on the next page. While we still expect government bond yields in the major developed economies to remain very low during our forecast window, we have become a little …
15th January 2013
This report is only available as a PDF. Click to download. … Not all risky assets have begun the year with a bang …
This report is only available as a PDF. Click to download. … Japan’s stock market buoyed by announcement of fiscal stimulus …
14th January 2013
This report is only available as a PDF. Click to download. … UK linkers rally on lack of change to RPI …
11th January 2013
This report is only available as a PDF. Click to download. … Signs that the German economy is heading back into recession …
10th January 2013
The yield of the JP Morgan EMBI+ index recently fell to its lowest ever level, prompting claims that a bubble is forming in dollar-denominated emerging market bonds. Although we think the current yield is justified, we do think a bubble may form in coming …
9th January 2013
This report is only available as a PDF. Click to download. … Global economy not yet out of the woods …
This report is only available as a PDF. Click to download. … Yen slump looks overdone …
8th January 2013
The expansion in the range of assets that can be used to meet the new liquidity requirements under Basel III, combined with their slower implementation, is a small positive for the banking sector, but should not have any major economic or market impact. …
7th January 2013
This report is only available as a PDF. Click to download. … US labour market remains lacklustre …
This report is only available as a PDF. Click to download. … Weakness in US Treasuries unlikely to last …
4th January 2013
The 10-year US Treasury yield rose quite significantly in December, despite the FOMC’s pledge to buy more long-term government bonds. The rise was prompted by at least three factors. First, slow progress on agreeing a deal (now struck) on fiscal policy …
3rd January 2013
This report is only available as a PDF. Click to download. … US avoids immediate recession but fiscal worries linger …
This report is only available as a PDF. Click to download. … Sell-off in commodities may be a sign of things to come …
21st December 2012
This report is only available as a PDF. Click to download. … Will a deal on fiscal policy propel the US stock market higher? …
20th December 2012
This report is only available as a PDF. Click to download. … Falling oil prices to provide some relief in 2013 …
19th December 2012
This report is only available as a PDF. Click to download. … Will the LDP’s victory usher in change in Japan? …
18th December 2012
We expect 2013 to be another year of weak growth, low inflation and further divergence between the US and other advanced economies. The biggest problems will continue to be in the euro-zone, where the recession is likely to deepen. The UK may stage a …
17th December 2012
This report is only available as a PDF. Click to download. … Focus on the US fiscal cliff negotiations …
This report is only available as a PDF. Click to download. … Relief for Greece likely to be short-lived …
14th December 2012
The Fed’s policy stance may breathe some more life into the US economy in coming years. But it could also sow the seeds of the next financial crisis by inflating new asset bubbles. … Is the Fed sowing the seeds of the next financial …
13th December 2012
This report is only available as a PDF. Click to download. … OPEC power waning as non-OPEC supply increases …
This report is only available as a PDF. Click to download. … Outperformance of emerging market equities unlikely to last …
12th December 2012
This report is only available as a PDF. Click to download. … Pressure on Italy could continue to build …
11th December 2012
This report is only available as a PDF. Click to download. … With what will the US FOMC replace Operation Twist? …
10th December 2012
Bonds have generally fared much better the equities since the turn of the century. We do not expect this pattern to last. If we are right, this could have serious repercussions given the very substantial shift in asset allocation that has taken place in …
7th December 2012
This report is only available as a PDF. Click to download. … Superstorm Sandy may have depressed US non-farm payrolls …
This report is only available as a PDF. Click to download. … UK markets shrug off Autumn Statement …
6th December 2012
The yen weakened further against the dollar in November as the opposition LDP leader called for more aggressive easing from the BoJ. But this month’s elections in Japan, which the polls still suggest the LDP will win, are unlikely to mark a major shift …
5th December 2012
This report is only available as a PDF. Click to download. … US ISM non-manufacturing index may have fallen in November …
Expectations that the yen is about to fall sharply could increase the attractiveness of “carry trades” and hence become self-fulfilling. However, with global interest rates likely to remain low and the appetite for risk still fragile, we suspect that the …
4th December 2012
This report is only available as a PDF. Click to download. … Mixed PMI data underline fragility of global recovery …
This report is only available as a PDF. Click to download. … Bounce in the euro unlikely to last …
3rd December 2012
This report is only available as a PDF. Click to download. … Euro-zone CPI inflation may have eased further in November …
30th November 2012
This report is only available as a PDF. Click to download. … US Q3 GDP growth likely to be revised higher …
29th November 2012
There is still widespread confusion and uncertainty over the impact that the Basel III regulations might have on the demand for gold. Gold is an “asset” rather than “capital” and therefore accumulating more gold would actually make it harder to meet the …
28th November 2012
This report is only available as a PDF. Click to download. … Sandy may have affected US new home sales last month …
This report is only available as a PDF. Click to download. … Greece still far from safety …
27th November 2012
Next month’s elections in Japan are unlikely to mark the major shift towards yen weakness that many now anticipate. To be clear, in the next 3-5 years the yen probably will fall sharply. After all, the Bank of Japan will surely be one of the last of the …
26th November 2012
This report is only available as a PDF. Click to download. … Profit outlook could keep US stock market rebound in check …
This report is only available as a PDF. Click to download. … China's flash PMI confirms economy stabilising …
23rd November 2012
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. … Are the best days for US corporate bonds behind …
22nd November 2012
This report is only available as a PDF. Click to download. … Japanese equities unlikely to buoyed by a weaker yen for long …
This report is only available as a PDF. Click to download. … Changing political landscape puts pressure on long-term JGBs …
21st November 2012
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 build significantly. And the 10-year Japanese government …
20th November 2012
This report is only available as a PDF. Click to download. … Fiscal cliff hopes lift risk markets despite Gaza crisis …
