Increasingly, shrinking Eurozone spreads say less about European virtues and more about anxieties in many of the world’s other bond markets.
2026 may be a good year for risky assets
Benign, for now: Our forecasts for the next 12 months
Whether or not there will be a reversal in the trend depends on the development of long-term inflation and whether the Federal Reserve manages to maintain its credibility
Foreign investors reduced their holdings of U.S. assets in April, but only to a very small extent
We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.
