Investing

Before Russia’s invasion of Ukraine, it was always likely that US inflation would peak with the March data point due to the pronounced base effect. It is still... Read More»

Quantitative tightening is now officially on the agenda. The Fed decided in early May to start shrinking its balance sheet of US$8.9tn from 1 June by allowin... Read More»

It has always been likely that the outcome of Russia’s invasion would be binary. Either there would be a reasonably swift negotiated settlement or the financ... Read More»

The US bond market continues to react to the Federal Reserve’s increasingly hawkish rhetoric. The ten-year Treasury bond yield reached 2.98% on 20 April and ... Read More»

The US yield curve has flattened significantly this year, ever since the release of the Federal Reserve minutes on 5 January opened up the possibility of quanti... Read More»

There is an air of Western triumphalism in the air as regards the effectiveness of Western sanctions against Russia, most particularly the freezing of Russia’s ... Read More»

The ESG boom may have peaked in the fourth quarter of last year. If that is just a judgement call, the catalyst for it is the wake-up call provided by the Ru... Read More»

Conditions for financial markets remain the inverse of Goldilocks. Stagflation appears to be ever more a reality while the world is now looking at the potent... Read More»

If inflation and the commencement of a Federal Reserve tightening cycle have been dominating newsflow in the financial markets, as well as of course events in U... Read More»