Rates


Bond Markets Remain Under Stress

Published by Laurent Maurel | Oct 5, 2023 | 12398

The current bond crash is historic. The EDV ETF, which measures the price of very long-dated US Treasuries, has fallen by 58% in just over a year. The bond market's current fall is now greater than that recorded by the equity market during the last financial crisis in 2008 (-56%).

Read article

Central Banks and Inflation: Where Are We Headed?

Published by Julien Chevalier | Oct 3, 2023 | 8935

As central banks continue their headlong rush to the top, they are faced with a Cornelian dilemma: bring inflation down to 2% at the risk of triggering an unprecedented economic and financial crisis, or allow prices to rise, which would call into question their mandate and lead to social upheaval.

Read article

Is Inflation Boosted by Oil?

Published by Philippe Herlin | Sep 28, 2023 | 9528

The ECB has just raised its deposit rate to 4% and halted its sovereign debt repurchases, with the stated aim of stamping out inflation. Unfortunately, this will probably have little effect, as oil prices are slowly but surely climbing.

Read article



Inflation Back on the Rise in the United States

Published by Laurent Maurel | Sep 14, 2023 | 9181

In the United States, the consumer price index (CPI) rose by 0.6% in August and by 3.7% year-on-year. This is an acceleration on the 0.2% monthly increase and 3.2% annual gain published in July. The year-on-year increase is higher than the economists' forecasts. In other words, August's CPI exceeded...

Read article



We put safety at the core of our business