In Europe, the European Central Bank (ECB) remains the dominant driver for yields. This year, it has been willing to extend the pace of quantitative easing (QE), add other instruments to the eligible pool, and signal new stimulus should it be warranted.
But we expect its willingness to take further action will be tempered over the coming months as headline euro area inflation starts to rise closer to 1%. The risks that led the ECB to extend QE back...
Impact of political turmoil and Brexit
Latest Incisive Works research
In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
How are VCTs and EIS products doing?
A troubled Brexit with Parliamentary stumbles and deadline extensions, while the original departure date has come and gone.