Executive Summary The End Of The Negative Bond Yield Era Recent price action in developed market government bond markets confirms a backdrop that has been in place for the past several years - movements in US Treasuries…
The Sentix Economic Index is sending a positive signal about investor morale in the Eurozone. The overall index increased by 1.7 points to 16.6 – above expectations of a more muted increase to 15.2. The higher headline…
A dominant market theme this year is rising global government bond yields as central banks exit ultra-accommodative monetary policy and attempt to stymie inflationary pressures. The equity market implication of rising bond yields…
According to BCA Research’s European Investment Strategy service, the €STR curve is pricing in the potential path of the ECB this year too aggressively. First, inflationary dynamics in Europe are much tamer than…
Executive Summary The European Central Bank (ECB) has engaged in a decisive pivot toward higher policy rates. Markets are pricing in a first interest-rate hike in July and three more increases thereafter in 2022. This is too much for…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
As expected, the Bank of England raised the Bank Rate by 25 bps to 0.5% on Thursday. Notably, of the nine voting MPC members, four voted to increase the Bank Rate by 50 bps to 0.75%. Meanwhile, the ECB kept policy unchanged.…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
Eurozone inflation surprised to the upside in January. The headline estimate accelerated to a fresh record high of 5.1% y/y versus an anticipated moderation to 4.4% y/y. Similarly, at 0.3% the month-on-month headline inflation…