I read with sadness about the death of David Thompson. I did not know him well but, from my perspective as an equity analyst in the 1980s, he stood out as a charismatic Chief Executive of Wolverhampton & Dudley, a regional brewer based in the West Midlands.
The focus in global fixed income markets continues to be on government yields and the question of whether they are telling us something about the future path of growth.
Bond markets are signalling The Great Rotation is over. After falling to 77bps on November 5 2020, the 10-year US treasury yield saw an increase to 177bps on the 31 March 2021.