Based on how far the US term premium has fallen, to see any further meaningful decline in bond yields we’d need another downside macro shock.
View Reports by Region
The following pages contain chronological lists of articles that have been written by Independent Strategy. Independent Strategy’s research is available by annual subscription. For details of subscription rates and soft dollar payments, please contact Independent Strategy by using the contact form.

Populism substitutes gut feel ignorance for rational policy. In the guise of President Trump, it heralds an age of insularity…
Clinton will win the presidency for two reasons. She provides a semblance of normality compared to the hot-headedness of Trump.…
The Fed can feel vindicated; markets have positively digested the first rate hike in nearly a decade, marking the start…
The Fed’s hold is simply a postponement of the inevitable first hike, which is most probably in December. EM risks are…