Federal Reserve

'Increased level of fear and uncertainty'

10-year Treasury yield passes 3%

Trade war remains a risk

Growth optimism remains at low levels

Central bank concerns

Potential US dollar impact examined

'Geopolitics finally has some risk premia'

Potential for significant losses in parts of the market

10-year Treasury yield range bound

As ten-year US Treasuries hit 3%, it is time to start thinking out of the box, writes Brian Heyworth, global head of client strategy at HSBC Global Asset Management.