• In Today’s Comment we want to ask one simple question. With economic growth worries coming to the fore, is the peak in for global bond yields? to answer that question, we will do a quick (de)tour of global trade and growth in the three big economies: the US, China and the Eurozone.
  • Let us start with global trade. If press articles about supply chain disruptions are to be taken at face value, one would expect a decline or a least flat-lining in global trade volumes and value. While we in no way want to dismiss the supply chain problems, optical analysis of global trade volumes and values show that we were off to a brisk start in 2022:

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