The rollout of Covid vaccines remained the key focus worldwide. More than 30% of adults in the US have now received at least one jab, for example, and new infections are down by around 80% since the peak in January.
Evolving interest rate expectations continued to set the tone for bond markets. Yields on US government bonds continued to rise quite sharply, but yields declined in most other regions including Australia.
In spite of the generally positive mood investors remained concerned by the ongoing spread of the Delta variant of Covid-19, and whether it could derail the recovery in major economies.
In this issue we cover Australia's aging populations and what that means for your retirement planning
Australian shares started the FY22 year with solid gains. Bond yields fell sharply, resulting in favourable returns from fixed income markets too.