MAC Monitor

US Treasury yields plummet, despite rising share prices and stronger inflation; Eurozone yields lifted by new supply; Portfolio risk increases, as stocks and bonds ascend in tandem.

Treasury yields hold steady, as Fed reassures markets; High-yield bonds outperform, as share prices rise; Decreased cross-asset diversification offsets lower equity risk.

Treasury yields climb to 14-month highs over fiscal funding concerns; Both the dollar and share prices climb amid rising risk appetites; Portfolio risk falls, as FX losses offset equity gains.

Treasury yields see-saw, as Fed tries to ease inflation concerns; Euro falls over fears of third COVID wave; Portfolio risk ebbs on lower equity volatility

Treasury curve continues to steepen, as Fed ups economic outlook; US yields outstrip Bunds amid widening growth forecasts; Portfolio risk declines, as equities and FX rates decouple once more.

ECB buying pledge spurs European bond rally; Treasury curve steepens further, as inflation concerns remain high; Portfolio risk surges on stronger FX/equity co-movement.

US Treasury yields and inflation expectations continue to rise, as Fed insists it will remain “patient”; Dollar strengthens over widening interest-rate differential; Portfolio risk surges in perfect storm.

Stock and bond prices both fall over inflation concerns; Dollar strengthens as rates rise; Portfolio risk ebbs despite joint stock-bond sell-off.

Inflation concerns drive sell-off of long treasuries; Pound surges on vaccination success and rising rate expectations; Portfolio risk falls, as equity volatility continues to slide.

Treasury curve steepens, as Fed shrugs off rising inflation expectations; Italian yield premium drops, as political risk fades; Portfolio risk rises despite lower equity volatility.

Sovereign yields return to March peaks; Gilt curve shifts up, as traders discount negative rates; Portfolio risk rises on higher stock-market volatility.

Bund curve steepens on rate cut speculation; Dollar strengthens as share prices fall; Portfolio risk flat as rise in correlation offsets lower FX volatility.