This month we are focussing on funding level deficits
Welcome to the latest issue of our Monthly Market Commentary.
The January issue provides a market review up until 31 December on the following topics:
- Equity: Equity markets end an eventful year on a positive note;
- Credit: Bond spreads continue to contract amid rotation towards risky assets ;
- Nominal Yields: Gilt yields fall again over December and end the year sharply lower;
- Inflation: CPI inflation reaches 1.2% in November;
- Real Yields: Real yields decrease;
- Comment: Reducing funding level deficits - who bears the ultimate responsibility?