Higher for Longer

Financial markets have been on the back foot in recent days with some oil-related inflation jitters combined with a “tighter for longer” message from the Fed a couple of contributory factors. In our charts this week, we made a nod to these and other issues with some colour on:

 

·         Firming US Treasury yields

·         Higher consumer energy prices

·         UK financial markets (this year versus last year)

·         Firming JGB yields

·         Foreign exchange reserve in EM economies

·         India’s favourable FDI flows