Will they, won’t they? Backtracking and indecisiveness are the key themes this month. Whether we are talking about the UK government or Elon Musk, deals and plans are being thrown against the proverbial wall and what is actually sticking? Apart from inflation, not much.
With inflation and interest rates rising there has been a lot of talk about bond yields. But what are they, and what do they mean for investment markets?
The recent rally in equity values has come to an abrupt halt as investors’ short-lived expectations that the US Federal Reserve will not continue to raise interest rates at the same magnitude as previously turned out to be false.
Although economies are not yet in a state of stagnation, the news certainly is – inflation still rules the headlines, as it has done for much of the past year.