Economic data came back into the limelight during the past week. The jump in oil prices – Brent blend reached its highest level since November 2014 – made several observers wonder whether we might be in for a spike in inflation and tighter-than-expected monetary policy. As a result, 10-year US Treasury yields hit the 3% level for the first time in more than four years. Both bond and equity prices were volatile in this environment. Certainly, as the “Goldilocks” scenario is becoming more fragile, investors will need to get used to moodier markets.
Read more in our latest The Week Ahead.