MAC Monitor

Sovereign yields continue to fall spurred by safe-haven buying and central banks; Gilt curve pivots, as inflation worries battle with economic-growth concerns; Flight to quality reduces portfolio risk.

Yields drop amid concerns over Delta variant and economic growth; Bund curve flattens, as ECB vows to keep rates low; Portfolio risk falls, as strengthening dollar dampens local returns.

Stocks and bond rise together, boosted by moderate jobs increase; Euro drops amid diverging central-bank policies; Portfolio risk drops on lower FX and equity volatility.

Bond yields end the week higher on continued inflation fears; Yield curves continue to flatten after an initial steepening on inflation fears; Lower equity volatility and correlation with bonds increases diversification.

Bond yields end the week higher on continued inflation fears; Yield curves continue to flatten after an initial steepening on inflation fears; Lower equity volatility and correlation with bonds increases diversification.

Stocks and bonds rise for third straight week, despite inflation surge; Bund yields fall, as ECB reaffirms asset purchases; Lower equity volatility reduces portfolio risk, but correlations remain stable.

Stocks and bonds continue to rise, as weaker job growth eases fears of overheating economy; Credit spreads unmoved by Fed announcement; Portfolio risk falls, but diversification remains limited.

Stocks and bonds rise together, as traders ignore Fed’s key inflation measure; Strong inflation and low rates push dollar to 5-month low; Portfolio risk keeps falling, but diversification remains limited.

Treasury yields seesaw over Fed minutes; Sterling climbs to 3-year high amid dollar weakness; Ebbing equity volatility reduces portfolio risk.

Inflation surges…and (predictably) stock and bond prices dip; Pound rises, as UK continues to ease lockdown measures; As volatilities and correlations increase, portfolio risk soars.

Treasury yields fall despite call for higher rates; Dollar weakens as stocks hit record high; As equity volatility continues to fall, interaction with FX rates intensifies.

German yield curve steepens, as inflation edges above ECB target; Risk-free rates surge and euro credit spreads tighten; Portfolio risk continues to fall, but at a slower rate than equity volatility.