Investors have heard repeatedly in recent weeks that the period of easing by the world’s major central banks is about over. According to this view, interest-rate hikes that the Federal Reserve has already implemented will be followed by the end of bond purchases by the European Central Bank and the Bank of Japan, and by multiple rate increases by the …

Bloomberg US stocks gained while the dollar strengthened and Treasury yields nudged higher as President Donald Trump called on North Korea to “make a deal” on its missile and nuclear programme. European stocks fluctuated near a two-year peak and Asian markets hit records. The S&P 500 Index opened higher along with the Dow Jones Industrial Average and Nasdaq 100 Stock …

Bloomberg It’s one step forward, two steps back for bond volatility. Bank of America Merrill Lynch’s MOVE Index, a gauge of price swings in the US Treasury market, fell to a record low, bucking last month’s uptrend. Renewed expectations that the Federal Reserve will stay the course on monetary policy in the midst of a leadership transition and the unveiling …