Insights

Returns on risky assets take the lead in August

Risky asset returns predominantly took the lead in August – driven by equities and high-yield bonds.

Mixed performance of risky assets and yield declines in July

In July, forward-looking indicators showed general signs of having peaked.

Risky assets gained in June combined with curve flattening and sector rotation

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.

Returns on risky assets take the lead in March

Several benchmark equity indices reached record-high levels in late March as increases in government bond yields began to flatten.