Multi Asset Strategy Daily

Global rates are experiencing significant volatility and upward yield pressure driven by oil-led inflation concerns and political risk in the UK. Brent crude trading at $111/bbl is anchoring the 'higher for longer' sentiment.

Key Takeaways

• 1.Global rates markets experienced a massive sell-off with yields breaking higher across the US, Europe, and the UK.
• 2.Inflation anxiety driven by high oil prices (Brent at $111pb) is preventing markets from fading the move in yields.
• 3.UK Gilts are under extreme pressure due to political uncertainty (Labour leadership/Starmer-Burnham saga) and fiscal expansion fears.

Table of Contents

• USD
• EUR
• GBP
• JPY
• Important Information
• Interests/ conflicts of interest relating to the strategist/analyst responsible for this publication
• Other information regarding investment recommendations
• Disclaimer

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