sovereign debt yields

July in Figures

July 31, 2012

European interest rates fell sharply at the short and long end in July.  The U.S. yield curve flattened.  The dollar fell against commodity-sensitive currencies and the yen, advanced against the euro and Swiss franc, and closed virtually unchanged against sterling and the Chinese yuan.  Net movements in oil and gold prices were comparatively small especially […] More

May in Figures

May 31, 2012

May was an ugly month in financial markets.  The fine risk-on/risk-off balance in investor psychology lurched decisively in favor of safety over investment return after inconclusive Greek elections on the first weekend of the month increased the possibility that Greece would leave the common currency area.  Voters there and in other countries in the currency […] More