Stock markets decline as US treasury yields and the US dollar soar

Global stock markets continue to sell off whilst the US dollar strengthens further and US Treasury yields hit new highs. The IMF has called the UK’s proposed tax cuts excessive and suggested that they re-evaluate them. The European Commission President says that the Nord Stream leaks are an act of sabotage. Markus Allenspach, Head of Fixed Income Research, shares his thoughts on the current bond market moves with a specific focus on Switzerland. 00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing) 04:04 Swiss franc rates by Markus Allenspach (Head of Fixed Income Research) 08:09 Closing remarks by Bernadette Anderko (Investment Writing)