Who stands to benefit from the yield-curve steepening in Treasuries and Bunds?
Will Silicon Valley Bank’s insolvency spill over into broader markets?
Inflation looks set to remain quite sticky, with more interest rate hikes to come. This makes for a rather challenging environment for many risky assets.
Investors began the year in quite a relaxed mood and there are some good reasons for that. But it would be premature to be too confident about the prospects for the year as a whole.
In 2023, occasionally looking at an issue through pre-2010 paradigms might be quite helpful. Yields on German government bonds are a case in point.
The bond sell-off and aggressive monetary policy allow for a new look at the segment
