MAC Monitor

Treasury yields surge further, lifted by stimulus hopes; Pound strengthens over Brexit progress; Portfolio risk drops, as equity volatility and exchange-rate interaction fall.

European yields drop, as new infections accelerate; Gilt curve flattens over Brexit and negative rate concerns; Portfolio risk changes little, as less negative correlation offsets lower equity volatility.

Stimulus or lockdowns? US and European yields diverge accordingly; Dollar falls as risk appetites rise; Portfolio risk falls despite higher equity volatility.

UK curve steepens, as BoE mulls negative rates; Dollar drops and share prices recover—again; Portfolio risk falls on weaker equity/oil interaction UK curve steepens, as BoE mulls negative rates The monetary policy-sensitive 2-year Gilt yield climbed to its least negative level in more than a month in the week ending October 2, 2020, as mixed […]

Credit risk premia rise, as share prices continue to sink; Dollar appreciates as Europe frets; Portfolio risk surges, as FX/equity correlation intensifies.

Sovereign yields diverge across the Atlantic; Yen surges on safe-haven buying; Portfolio risk rises for the second week in a row.

Sovereign yields end the week lower; Currency moves confirm investors’ unease about rising uncertainty; Portfolio risk rises for the second week in a row.

Sovereign yields deviate on opposite sides of the pond; Dollar and stock market diverge once more…but for different reasons; Portfolio risk rises for first time since March.