MACRO stocks bonds
“You almost feel numb.”
CHINA BONDS
The Speaker sees China’s 10-year sovereign bond yield converging to US rates on the way to zero.
MACRO Bonds
Given historically low yields, bonds are losing their ability to effectively hedge against a large equity market fall.
STOCKS commodities bonds dollar
The future is not always a reflection of the present. We believe the bull market has entered its third and perhaps final stage.
