The main topic of the week is the move higher in global yields. Lee Hardman, currency analyst, explains why this is positive for the markets, pointing to increased confidence in the global recovery outlook.
This goes hand in hand with recent COVID data showing sharp improvement in cases worldwide, with the vaccine roll-out and various restrictions bringing levels back to those seen late last year.
Lee also talks through what this means for economic rebound and how this focus on yields might impact the upcoming testimony from Fed Chair Powell. Listen now for more.
Disclaimer: www.mufgresearch.com (PDF)