Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

Investment Weekly

Reverse conundrum
17 January 2025
    Articles

    Chart of the week – Reverse conundrum

    Chart of the week – Reverse conundrum

    With developed market government bonds losing significant ground in recent months, central bank policymakers face the potential of a “reverse conundrum”. Unlike the conundrum of stubbornly-low long bond yields in the face of multiple Fed hikes in the mid-2000s, today’s “reverse conundrum” is this process flipped around… despite Fed cuts, bond yields are on the rise. Could this signal a new economic and market regime – and what would that mean for investors?

    More from this week:

    Market Spotlight

    • Opportunities in European listed real estate

    Lens on…

    • Credit quality
    • US momentum
    • Brazilian headwinds

    Download the full report PDF, 605KB

    Related articles

    Back to top