The trends in markets since June - higher yields, lower equities, wider credit spreads - pulled a sharp U-turn over the past week. Lower bond yields have provided the impetus for a decent equity and credit rally. Listen to hear about where bond yields are headed from here and what it means for the equity market.

Participants:

• Jason Daw (Desk Strategy), Head of North America Rates Strategy
• Blake Gwinn (Desk Strategy), Head of US Rates Strategy
• Michael Reid (Desk Strategy), US Economist
• Lori Calvasina (Research), Head of U.S. Equity Strategy

Research Analyst opinions are their published views, independent of those expressed by Desk Analysts