DM Markets Chart Pack Government bonds decouple, but for how long? The 10-year US Treasury yield increased even further in July despite reassurances from Fed officials that US monetary policy is likely to remain highly accommodative for a long time. By contrast, the... 4th September 2013 · 1 min read
DM Markets Chart Pack Gilt yields surge The formal introduction of forward guidance by the UK MPC failed to anchor rate expectations in August as the economic data showed continued strength. Indeed, the 2-year overnight-indexed swap rate... 4th September 2013 · 1 min read
DM Markets Chart Pack Fed policy outlook shakes stock markets The US S&P 500 fell by more than 1% in June in response to growing concerns about the Fed’s policy stance. We forecast the index to end this year at 1,600, which is close to its current level, but... 3rd July 2013 · 1 min read
DM Markets Chart Pack US Treasuries come under fire The 10-year Treasury yield leapt by more than 45bp in May, breaching the 2% level. US government bonds were partly undermined by the minutes of the FOMC’s latest meeting, which suggested a number of... 4th June 2013 · 1 min read
DM Markets Chart Pack More to euro's destiny than ECB policy The euro rebounded against the US dollar in April. Although expectations of a rate cut from the ECB began to build, Europe’s single currency was supported by a reassessment of how quickly the US FOMC... 2nd May 2013 · 1 min read
DM Markets Chart Pack Emerging market assets underperform further Emerging market assets continued to underperform in March. The "stripped" spread of the JP Morgan EMBI+ Global Index over Treasuries rose to its highest level since late September 2012, while the MSCI... 4th April 2013 · 1 min read
DM Markets Chart Pack US Treasuries regain their poise The 10-year US Treasury yield fell back in February, reversing about half of its rise in January. The drop was partly prompted by safe-haven demand following the inconclusive result of the Italian... 4th March 2013 · 1 min read
DM Markets Chart Pack Yen’s fall drives Japan’s stock market higher Dollar-denominated emerging market bonds aside, most risky assets began the New Year with a bang amid a further easing of tension in the euro-zone and broad-based signs of improvement in global... 4th February 2013 · 1 min read
DM Markets Chart Pack Fiscal cliff negotiations rattle Treasuries 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... 3rd January 2013 · 1 min read
DM Markets Chart Pack Yen weakness unlikely to last 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... 5th December 2012 · 1 min read
DM Markets Chart Pack Fillip to US equities from QE3 fades The US S&P 500 fell 2% in October as the boost from the anticipation of QE3 faded in the wake of its launch, and worries began to surface about the outlook for profits amid the Q3 earnings season... 1st November 2012 · 1 min read
DM Markets Chart Pack Signs the boost from QE3 may already be over The expectation of QE3 from the Fed provided much of the fuel for the rally in risky assets over the summer. But now that those expectations have been met, signs have begun to emerge that the rally is... 3rd October 2012 · 1 min read
DM Markets Chart Pack Prospect of QE3 whets investors' appetite The prospect of further unconventional policy stimulus from the Fed and a summer lull in the euro-zone crisis supported risky assets in August. Nonetheless, we expect any extra boost to prices from... 3rd September 2012 · 1 min read
DM Markets Chart Pack Nominal bonds yields turn negative The ten year Bund yield fell by about 30bp in July, almost fully reversing the rise seen in June. The decrease reflected a fresh intra-euro-zone “flight-to-safety” as ten year government bond yields... 6th August 2012 · 1 min read
DM Markets Chart Pack German Bunds start to lose their shine The yield on ten year German Bunds rose by around 30bp in June, despite the fact that the yield on ten year US Treasuries barely increased. The rise in the ten year Bund yield may have partly... 3rd July 2012 · 1 min read
DM Markets Chart Pack High-grade bond yields plunge to record lows The 10-year US Treasury yield fell by more than 35bp in May, hitting a record low of less than 1.6% as investors sought refuge in high-grade government bonds. The main trigger for the rally was a... 1st June 2012 · 1 min read
