The rise in US Treasury yields is relentless. The 30-year inflation-indexed yield jumped to 2.33% yesterday. Globally, there is intense selling pressure on long-dated government bonds. It is much harder…
The September PMI data may have swayed the MPC to vote 5-4 in favour of maintaining bank rate at 5.25%. This could be a policy mistake. Politicians had been pressuring…
If the FOMC opts for one more rate hike, and holds, the bond market will do the rest of the tightening. The rest of the Treasury yield curve will shift…
Pressures on the healthcare system and social care in the UK are building. Moody’s expects more English councils will fail, due to the falling value of commercial property investments, high…
Extreme weather events are pushing up the cost of reinsurance: this is the message from the chief executive of Lloyd’s of London. Insurers are having to change the way they…
The prime-age LFPR (men & women) rose to 83.48% in August, the highest since May 2002. The prime-age EPOP remained at 80.9% last month, the highest since April 2001. This…
