Real, or inflation-adjusted, bond yields are higher than they were before the pandemic, but are likely to return to pre-Covid levels in the medium term,...

Core inflation has been persistent across both the United States and the Eurozone, slightly reversing previous indications of a smoother path and a faster...

Understanding the outcome of the latest ECB meeting and its fallout on the euro bond market.

Market measures of financial conditions suggest significant easing over the last three months, but borrowing costs for corporates and households have...

Understanding the outcome of the latest ECB meeting and its fallout on the euro bond market.

Understanding the outlook for credit markets in 2023

Understanding the outcome of the latest ECB meeting and its fallout on the euro bond market.

The ECB has turned more dovish suggesting a less aggressive rate hike path ahead.

The flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth.

Understanding the outcome of the latest ECB meeting and its fallout on the euro bond market.

The ECB is determined to tighten its monetary policy in the face of record high inflation levels.

We expect central banks to remain on the hawkish side as long as inflation expectations remain on the upside, as central banks are afraid of losing their...

The Fed is determined to hike rates rapidly. In the short-term the US economy will be supported by the many cushions present in the economy, as a result...

2022 will be the “year of reckoning” for DM economies when they will test the effectiveness of the policies deployed since the peak of the pandemic phase...

The three major central banks issued restrictive signals last week. The banks have succeeded in changing the course of their monetary policies without...