Risky asset returns predominantly took the lead in August – driven by equities and high-yield bonds.
In July, forward-looking indicators showed general signs of having peaked.
In June, financial markets were driven by positive returns on risky assets combined with a flatter yield curve resulting from higher short-term government bond yields and lower long-term government bond yields.
Several benchmark equity indices reached record-high levels in late March as increases in government bond yields began to flatten.
All filters are off