PA ANALYSIS: Central bank moves prompt high-yield rethink
S&P last week said 2015 will see the highest number of defaults since 2009, and so with the end of an era of very cheap money in sight, should bond investors be worried?
Federal Reserve
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December rate rise a racing certainty after stronger data
The upward revision to US GDP data may not suggest real strength in the US economy, but it cements the case for a December rate rise, argue fund managers.
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Equities respond positively to Fed hawks
Markets responded positively to the release of the Federal Open Market Committee minutes, which showed a December rate rise is increasingly likely.
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PA ANALYSIS: Bulls on parade, but beware an earnings shock
The latest BofA Merrill Lynch Fund Manager Survey has found reignited appetite for risk amid expectations of a December Fed rate hike, but are investors being premature?
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PA ANALYSIS: The US and UK are unconsciously ‘de-coupling’
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
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US job number points to December rate rise
The number of jobs created in the United States in October rose to 271,000 the Labor Department revealed today – far above the consensus forecast of 182,000- fuelling expectations of a December rate hike.
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PA ANALYSIS: Reality check for dovish BoE
The Bank of England eschewed any great fireworks today, releasing the doves instead.
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Hawkish Fed spurs on December rate hike expectations
An upbeat Fed has caught markets by surprise, reinforcing the high probability of a rate hike in December, according to commentators.
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Preparing today for tomorrow’s rate rise – Amundi’s Stevens
Nobody on the planet knows when the Fed is going to put up interest rates but Amundi has a fixed income proposition that is ready whenever the balloon does go up.
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The Fed has made a policy error – M&G’s Lord
Keeping interest rates as low as they are for as long as they have done is a policy error on the part of the Fed says M&G bond manager, Ben Lord.
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PA ANALYSIS: Weak US job numbers may prompt another Yellen U-turn
The US economy seems to be treading water at best now, with the latest non-farm payroll data released by the Labor Department decidedly unimpressive.
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US rates may still be below 1% in five years – Martin Currie
US interest rates may still be below 1% in five years’ time, says Martin Currie’s Tom Walker, and equity investors should be happy with 5% annual returns.