yield curve

The bottom has fallen out of gilt yields and high-yield credit spreads have been bouncing all over the place. The iTraxx high yield spread index hit a two-year high of 249 basis points (bps) to 310bps during the month, before rallying in early June to...

The one trade to watch out for

Recession 'not on the horizon in the next year', manager argues

US stocks had a turbulent last quarter in 2018 and have been somewhat volatile since the start of this year.

In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.

Preparing for the worst despite upbeat sentiment

Economic and investor implications

After a torrid Q4 amid a global sell-off, we see plenty of reasons for sustained optimism for the rest of 2019.

Change in tone since start of year

Traditionally a signal of recession