Investment Commentary Q2 & Q3 2018

The latest 4 Shires investment commentary is now available! Click here to view the investment commentary online. The topics in this commentary include: US bond market and global valuations Trade War – will Trump settle with China? Vietnam update Bolsonaro and Brazil Venezuela, Maduro and oil Italy and immigration The Italian budget The UK budget […]

Stock Focus: Shire plc

We purchased Shire plc at circa £37 per share when rumours broke that Japanese drugmaker Takeda Pharmaceutical Co was interested in taking over the company. On 25th April, Takeda and Shire directors finally agreed on a deal that they were both happy to recommend to Shareholders. The purchase price is in flux, as there are […]

US Treasury Yields

At the time of writing, US 10-year treasury yields have broken through the psychological 3% barrier, currently standing at 3.07%. Perhaps equally as important is the 2-year treasury yield, currently 2.57%. The chart below (source: JPMorgan Asset Management) shows the changing 10-year 2-year spread (which is simply the difference between the two). In recent years, […]