MAC Monitor

UK ‘mini’ budget boosts yields and flattens Gilt curve; Third ‘jumbo’ Fed hike propels dollar to fresh 20-year high; Portfolio risk soars as correlations intensify.

Inverted Treasury curve reflects worries about long-term monetary-policy costs; UK inflation eases…and so does the pound; Stock-market sell-off heightens portfolio risk.

UK rescue package inflates Gilt yields; Euro recovers after ‘jumbo’ ECB rate hike; Weaker cross-asset correlation reduces portfolio risk.

Gilt yields soar but recession fears remain; Rising ECB rate expectations support euro amid looming energy and inflation crisis; Portfolio risk rises as stocks and bonds tumble together.

Soaring energy costs boost Gilt yields; Forceful Fed propels dollar to 20-year high; Portfolio risk surges, as stocks, bonds, and currencies tumble together.

Double-digit inflation boosts Gilt yields; US rates expected to remain higher for longer, boosting the dollar; Lower FX-equity correlation increases portfolio diversification.

Rising euro inflation expectations lift short Bund yields; Dollar declines as inflation eases; Lower equity volatility further reduces portfolio risk.

Gilt curve partially inverts over stagflation fears; Dollar rises as traders revise rates expectations; Stock market recovery reduces portfolio risk.

US Treasury curve (partly) inverts over inflation and rate-hike concerns; Higher rates and recession fears boost dollar to euro parity; Flight-to-safety flows reduce portfolio risk.

Fed recession warning weighs on bond yields; Dollar stalls over lower interest-rate and economic growth expectations; Lower equity volatility partly reverses spike in portfolio risk.

ECB emergency meeting supports peripheral Eurozone debt; Swiss franc takes off after surprise rate hike; Cross-asset sell-off squeezes diversification opportunities.

Eurozone yields soar as ECB raises forward guidance; Yen tumbles over BoJ divergence; Cross-asset co-movement partly offsets lower stock volatility.