Filtered by Subscriptions: Bonds & Equities Use setting Bonds & Equities
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 renewed flare up in the euro-zone crisis after the first …
1st June 2012
This report is only available as a PDF. Click to download. … What next for US corporate bonds? …
This report is only available as a PDF. Click to download. … Economic outlook bears down on euro-zone stock markets …
31st May 2012
This report is only available as a PDF. Click to download. … The pain in Spain continues …
30th May 2012
This report is only available as a PDF. Click to download. … Banking sector concerns keep the pressure on Spain …
29th May 2012
This report is only available as a PDF. Click to download. … US labour market should show continued signs of recovery …
28th May 2012
This report is only available as a PDF. Click to download. … Euro has further to fall …
25th May 2012
This report is only available as a PDF. Click to download. … Markets sceptical EU leaders can stop the rot …
24th May 2012
This report is only available as a PDF. Click to download. … Gilt yields to stay low despite rising fiscal risks …
23rd May 2012
This report is only available as a PDF. Click to download. … Is the US bond market on borrowed time? …
22nd May 2012
The yield on 10-year US Treasuries fleetingly dipped below 1.7% last week – its lowest level on record. We do not expect to witness a major sell-off any time soon – our end-2012 and end-2013 forecasts for the 10-year yield are both 2%. However, we do …
21st May 2012
This report is only available as a PDF. Click to download. … Gold starts to shine again …
This report is only available as a PDF. Click to download. … Fears grow over Greek banking system …
18th May 2012
This report is only available as a PDF. Click to download. … Light at the end of the tunnel for euro-zone equities? …
17th May 2012
The crisis in the euro-zone has exacted a heavy toll on regional stock markets. The sharp falls in equity prices have driven valuations down to attractive levels in many Member States, both relative to countries outside the single currency area and from a …
16th May 2012
This report is only available as a PDF. Click to download. … Euro-zone equities fall further as second Greek election beckons …
This report is only available as a PDF. Click to download. … Fears over Greece’s future in the euro-zone continue to grow …
15th May 2012
US government bonds have fared much better than the US stock market since the beginning of this century. However, this trend is probably nearing an end. Admittedly, we do not expect equities to start to outperform Treasuries dramatically any time soon …
14th May 2012
This report is only available as a PDF. Click to download. … What does the future hold for bonds relative to equities? …
This report is only available as a PDF. Click to download. … US consumers becoming more confident …
11th May 2012
The price of gold has dropped sharply in recent days and is barely changed in 2012 to date. The fact that gold has struggled despite the worsening crisis in Europe has added to doubts about its status as a refuge from turmoil in other markets. But we …
10th May 2012
This report is only available as a PDF. Click to download. … UK equities for the long run? …
What return can investors in the UK stock market realistically expect? Our end-2012 and end-2013 forecasts for the FTSE 100 are 5,300, a drop of around 4% from its current level. We anticipate that weak economic growth at home and a partial break-up of …
9th May 2012
This report is only available as a PDF. Click to download. … Sanguine response to political disarray in Greece unlikely to last …
This report is only available as a PDF. Click to download. … Markets spooked by weak US labour market data …
8th May 2012
This report is only available as a PDF. Click to download. … ECB President argues austerity is the route to growth …
4th May 2012
The lack of a reliable income stream makes gold notoriously hard to value objectively, whilst the key drivers constantly seem to be changing. The current price is around $1,645 per ounce, having been as high as $1,900 last September and as low as $710 in …
3rd May 2012
This report is only available as a PDF. Click to download. … ECB to resist pressure for bolder action …
The US stock market paused for breath in April after a strong first quarter, while the yield on 10-year Treasuries declined by around 30bp – more than reversing the rise seen in March. The triggers for the change in sentiment were a less upbeat US …
2nd May 2012
This report is only available as a PDF. Click to download. … Strong US ISM report provides a boost to risky assets …
This report is only available as a PDF. Click to download. … Will the old adage about May prove prescient again? …
1st May 2012
This report is only available as a PDF. Click to download. … Tougher times ahead for risky assets …
30th April 2012
This report is only available as a PDF. Click to download. … US GDP growth may have slowed slightly in Q1 …
27th April 2012
We think tougher times lie ahead for risky assets. Enthusiasm for equities is likely to be curbed by a turn in the US profit cycle, an absence of additional unconventional monetary stimulus from the Fed and a renewed flare-up of the crisis in the …
26th April 2012
This report is only available as a PDF. Click to download. … UK back in recession …
On Friday the Bank of Japan is widely expected to announce another large increase in purchases of JGBs under its Asset Purchase Program (APP). Indeed, some commentators appear to believe that Japan’s economy could recover from deflation and grow strongly …
25th April 2012
This report is only available as a PDF. Click to download. … Fed on the sidelines …
This report is only available as a PDF. Click to download. … More bad news from the euro-zone …
24th April 2012
This report is only available as a PDF. Click to download. … Increased IMF resources won’t solve euro-zone crisis …
23rd April 2012
This report is only available as a PDF. Click to download. … Japan’s stock market at risk of renewed strength in the yen …
20th April 2012
This report is only available as a PDF. Click to download. … Reserve diversification won't save the euro …
19th April 2012
This report is only available as a PDF. Click to download. … Limited contagion risk from events in Argentina – Spain aside …
18th April 2012
US corporate profits have grown significantly in the nearly three years since the end of the last recession. Admittedly, there are structural reasons why the share of profits in corporate output may rise even further over time. But from a purely cyclical …
17th April 2012
This report is only available as a PDF. Click to download. … China takes another step towards financial market liberalisation …
The bulk of the decline in the price of US natural gas, from $6 per million British thermal units (MMBtu) early in 2010 to around $3 at the start of 2012, can be explained by the surge in supply. But the further fall in the last few weeks, taking prices …
16th April 2012
This report is only available as a PDF. Click to download. … China in little immediate danger of a “hard landing” …
This report is only available as a PDF. Click to download. … China's Q1 GDP data should ease "hard landing" fears …
13th April 2012
German government bonds are still regarded as a safe haven, allowing them to benefit from concerns about the global economy and the rolling crisis in the periphery of the euro-zone. Some of the receipts from the ECB’s LTROs will also have been parked in …
12th April 2012
This report is only available as a PDF. Click to download. … Global backdrop even more challenging than last year …
The recent slump in global equities is prompting comparisons with 2011, when the prices of riskier assets also fell away after a confident start. Our view is that the US economy will be more resilient this time around, providing some support for US …
11th April 2012
