MAC Monitor

Inflation weighs on European stock and bond prices; Hawkish Fed inverts part of US Treasury curve; Lower factor volatility reduces portfolio risk, as correlations remain stable

Bank of England raises rates, but Gilt yields tumble; Investors abandon safe havens as equity markets recover; Stock market recovery lifts portfolio risk.

Accelerating US inflation depresses stocks and bonds alike; Euro strengthens as European stocks recover; Higher volatility and cross-asset correlations boost portfolio risk.

Ukraine crisis pushes Bund yields below zero once more; European stock market tumbles, dragging the euro with it; Portfolio risk falls, as equities and exchange rates decouple.

Inflation angst sends sovereign yields up, despite Ukraine crisis; Geopolitical tensions boost dollar and commodity currencies; Higher FX and equity volatility raise portfolio risk.

Russia-Ukraine tensions send bond market on a rollercoaster ride; Plummeting shares propel credit spreads to 15-month high; Safe-haven buying reduces portfolio risk

Treasury yields vacillate, as geopolitical concerns offset higher inflation and central-bank rates; British stocks, Gilt yields, and the pound all rise together; Lower equity and FX volatility reduce portfolio risk.

Hawkish ECB and record inflation turn Bund yield positive; Higher rates lift the euro; Stock market jitters continue, pushing portfolio risk higher.

Fed cites strong economy, boosting short Treasury yields; Higher interest-rate expectations propel dollar to 19-month peak; Ongoing stock-market turbulence fuels portfolio risk.

Renewed surge in UK inflation boosts short Gilt yields; Flight-to-quality offsets tighter monetary policy, keeping long sovereign yields flat; Portfolio risk soars, as stock and bond prices tumble.

March Fed hike a near-certainty as inflation surges; Dollar falls as US stocks post a second week of losses; Portfolio risk holds steady, as bond selloff offsets lower equity volatility.

Yields surge as traders bump up rate-hike expectations; German inflation hits 29-year high, but long-term expectations remain stable; Renewed co-movement of stocks and bonds offsets lower equity volatility.