Global markets are telling conflicting stories about the possible longer-term impact of U.S. tariffs on growth, a schism that ...

US jobless claims at 4 year high; Japanese PPI trends lower; China car sales surge, especially NEVs; Korea holds rates; container freight rates fall; UST 10yr at 4.35%; gold up and oil down; NZ$1 = 60 ...

Chinese lenders are rushing to sell the riskiest kind of bank debt to capitalize on record-low funding costs. Overall, issuance of capital bonds, including high-yielding subordinated debt, rose 23% to ...

China's June new yuan loans tripled compared with a month ago, likely supported by front-loaded public funding and strength ...

China's consumer prices edged up by 0.1% year-over-year in June 2025, marking the first annual increase in consumer inflation ...

US issues unilateral tariff letters, pushing trade partners into China's orbit; global data stable; eyes on RBA and household ...

OBBBA will significantly increase U.S. deficit, but higher government borrowing will boost market liquidity in the long run.

Over a secular horizon, the starting yield on a bond portfolio can be a good guide to expected returns (Figure 1). From this ...