Investment Insights 24/06/2025 US tariffs and uncertainty: a structural perspective In this note we examine the macroeconomic implications of a major shift in US trade policy, marked by a sharp increase in tariff rates and heightened economic policy uncertainty. Read More
Videos 13/06/2025 Deeper Dive: Fiscal policy and term premia Short rate expectations are fundamentally unobserved, complicating term premium estimation. Read More
Investment Insights 19/03/2025 Global bond yields: unravelling the drivers of recent volatility Global bond yields rose sharply from September 2024 to January 2025, driven mainly by higher term premia – the extra return investors require for holding longer-term bonds. Since then, roughly half of this increase has reversed as term premia have declined. Read More