Monetary Policy

To understand this breakdown in correlation we need look no further than the source of the risk: the answer, just like in May 2013 when Bernanke gave us his taper tantrum, lies in rising rates.

Our forecasts for longer dated government bonds were for yields to gradually rise during 2018, but not in an uncontrolled manner.

1994 was my first full year in the markets, and what a baptism of fire it was.

The magnitude of the strong beginning to the year has probably surprised even those who were forecasting a positive start to 2018.