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.
Yield curve continues to flatten
When the relationship between two well-observed and liquid variables in the bond markets reaches multi-year wides, it warrants attention.
Concerns about rising rates
Last month, the US Department of Labor reported average hourly earnings had increased 2.9% in January. Wage gains, largely absent from the post-crisis recovery, are good news for the economy.
First meeting for Powell
First testimony since taking over role