Investment Markets in June 2015
- Equities were volatile in June with the developing crisis in Greece the main concern across all asset classes.
- Industrial metals and oil were weak due to stronger than expected supply data. Agricultural commodities performed strongly.
- Eurozone sovereign bonds were weaker with core markets outperforming. Concerns about Greece led to a flight into German bonds. Irish and German 5 year bond yields increased by 20 and 8 basis points respectively. Italian and Spanish 5 year bond yields increased by 35 basis points. 10 year Irish bond yields increased in line with Spain and Italy.
- US Treasury yields also rose in June due to expectations of rate increases in the US. Attention remains focused on the September meeting of the Federal Reserve.