The Government came in for some sharp criticism this week, notably from Andy Haldane who, writing in his capacity as chair of the industrial strategy council, proclaimed “UK industrial strategy…
A new era of big government and excessive public sector borrowing remain the pertinent risks for US and global equities. The slow grind in Treasuries continues, with 10-year yields up…
Vaccination progress and an impending easing of lockdown measures boosted consumer confidence significantly in the UK this month. The labour market is recovering faster than expected too. An early snapshot…
The 10-year Treasury yield hit a new 2021 high on Friday, climbing to 1.64%. The indexed-linked yield was up four basis points last week, to -0.62%. The break-even inflation rate…
The Biden administration is backing prominent Big Tech critics, but this does not appear to have deterred investors this week. The FAAMGs were all up strongly yesterday. Current valuations are…
The break-even inflation rate for 10-year Treasuries is showing signs of turning up again. Friday’s close (2.22%) was still two basis points below the current cyclical high, reached on February…
