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Waiting for GoldilocksBond yields keep rising. The US 10-year yield is at 5.2%, its highest level in nearly two decades. It got there last week, taking other nations’ bonds with it. Although energy prices continue to be a negative, it is growth...

Hawks to the rescueWe start this week in a positive frame, after last week’s surprisingly good performance. The preparatory trade and AI-cooperation talks dominate the headlines, ahead of the Washington Trump-Xi meeting. Meanwhile crude oil is on a downswing, which may hopefully...

Tightening upBond pain spread to stocks last week. Middle East re-escalation pushed Brent crude oil well above $100 a barrel with natural gas also sharply higher, even as US core inflation held steady at 2.4%. That was enough to push the European...

Pretty good, consideringWe ended last week with global stocks a little higher and bond prices a little lower, as government bond yields keep grinding up. Higher yields usually make investors nervous, but equity markets have stayed remarkably calm even with oil risk...

Tantrums and other 21st century resolution mechanismsLast week saw little movement in the main asset classes, with equities a touch higher and the dollar recouping much of last week’s losses. Bond yields rose, mostly in shorter maturities. We open this week with...