Since August last year, the combined announced investment in clean energy manufacturing and semiconductors has totalled $204bn (71k jobs). This amounts to ~6% of non-residential private fixed investment. The multipliers…
The 10-year US breakeven inflation rate jumped to 2.52% on Friday, up from 2.38% at the start of the week, and from a low of 2.12% on January 18th. Inflation expectations…
Andrew Bailey is trying to push back against market expectations. Gilts aren’t having any of it. This is partly due to the global backdrop of global government debt selling. The…
The turn higher in Eurozone (and US) sentiment indicators contributed to the global selloff in government debt last week. It is not clear that any major central bank has got…
Some better news on the PSNB ex, which posted a surplus of £5.4bn in January. Total income tax receipts have turned higher, up 12.7% y/y (6-month moving average), the strongest…
There has been a major repricing in US Treasuries since the end of January. A series of upside surprises to the data have strengthened the conviction that this economy can…
