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by  BlueBay Fixed Income team Jun 17, 2021

Equity markets made further gains this week, with the S&P 500 up around 40 basis points (bps), although the Russell 2000 and Nasdaq both outperformed and gained around 2%. In Europe, the Euro Stoxx 50 gained close to 1% while emerging-market (EM) equities closed the week close to flat, with Asian equities along with Brazilian equities weighing on returns. In core rates markets, the US Treasury curve bull flattened, with 30-year yields 10bps lower over the week as the painful short squeeze continues.

Please read the full piece here.