Inflation

Confirmed wind down of bond buying in third quarter

Fundamentals, valuation and sentiment

Highest since 1981

The sharp spike in bond market volatility has been “30 years in the making” and “isn’t going away”, according to Pictet’s Jon Mawby, who warned that fixed income investors will need to adopt a different approach to buying into the asset class.

Unemployment falls

$9trn balance sheet

Takes total strategy assets to over $100m

NI threshold raised

2.2% fall in 2022-23

Up from 5.5% in January