Recent losses have intensified as stock markets around the world endured one of their toughest weeks of the year so far. With investors focusing once again on central bank attempts to curb rampant inflation, this week’s key events were policy decisions from the United States Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE) – in each case, however, officials offered little in the way of positive news.

Our fixed income team provide their weekly snapshot of market events.

As the economy recovers and cyclical stocks begin to outperform, we look at the connection between equities and US Treasury yields.