Last week’s Trump-Xi summit ended with virtually no policy change and, most importantly, no signal of impending Chinese intervention into the Middle East to reopen the Strait of Hormuz. This contributed to 10-year US Treasury yields rising 11bps to 4.59% and 30-year yields increasing 9bps to 5.11% on Friday, their highest level since 2007 as concerns about energy driven inflation resumed. Brent crude rose 3.7% to USD110.4/bbl on Friday and is up a further 0.8% to USD111.3/bbl as we write.

Read | Eastspring’s CIO Views Weekly Bulletin

Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.