Fault Lines

Fiscal policy has cracked the UK bond market, opened fissures in the Pound, causing ruptures in other bond markets and by extension risk and cyclically sensitive assets. Whether the fault lines in bond markets and risk assets turn into a full blown earthquake remains to be seen, but what is clear is that the high volatility should remain in place for the rest of the year. Stay tuned for our Macro Minutes series to hear from RBC experts on these developments.

Participants: 

• Cathal Kennedy (Desk Strategy), UK Economist
• Adam Cole (Desk Strategy), Chief Currency Strategist
• Simon Deeley (Desk Strategy), Canada Rates Strategist
• Jason Daw (Desk Strategy), Head of North America Rates Strategy
• Lori Calvasina (Research), Head of U.S. Equity Strategy

* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts