MAC Monitor

Slower Eurozone inflation could allow for faster rate cuts, weighing on the euro; Long Treasury yields plummet as traders bring forward rate cut expectations; US and European stocks shine in November, further reducing portfolio risk.

Gilt yields soar after autumn statement; Pound benefits from higher-for-longer rates; Four-week equity winning streak helps reduce portfolio risk.

Surprise drop in Eurozone inflation could pave the way for lower rates; Dovish Fed weighs on the dollar; Biggest stock-bond rally in 12 months boosts portfolio risk.

Gilt curve un-inverts over recession concerns; BoJ intervention threat props up the yen; Non-USD government bonds benefit from lower cross-asset correlations.

Rising inflation expectations propel Treasury yields to 16-year highs; Euro credit risk premia widen amid economic growth concerns; Mostly positive cross-asset correlations leave little room for portfolio diversification.

Treasury curve inversion lessens after stronger-than-expected jobs growth; Strong oil price fluctuations raise portfolio risk

Bund curve inversion lessens over downward inflation surprise; Higher-for-longer rates lift dollar to 10-month high; Stronger FX fluctuations offset lower equity volatility, keeping portfolio risk stable.

Dollar and Treasury yields rise as rate setters up their monetary policy projections; Bank of England breaks hiking cycle after downward inflation surprise; Combined stock-bond sell-off boosts portfolio risk

Contracting UK economy sends Gilt yields tumbling; ECB hints that rates may have peaked…and the euro tanks; Portfolio risk falls as FX losses dampen equity gains.

Robust jobs and service sector data boost Treasury yields; Worsening Eurozone recession fears increase pressure on common currency; Portfolio risk falls slightly as stronger FX fluctuations offset lower equity volatility.

Weaker-than-expected economic data depress short Treasury yields; Persistent price pressures prop up the euro; Positive cross-asset correlations squeeze portfolio diversification.

European recession fears weigh on sovereign yields; Dollar continues to rise as investors brace for prolonged period of high rates; Stocks break losing streak, dampening portfolio risk.