European equity markets maintained their positive momentum in February on the back of further progress in US-China trade talks and signals of economic stimulus in China. Equity markets across the globe finished February with positive gains. Sterling and global corporate bonds made marginal returns. The UK government bonds lost 1% in February. The GBP interest rates increased in all but the shortest terms in February. The EUR rates increased in all terms in February. Volatility across the globe declined further from the highs in December 2018 as equity markets continued to rebound. Volatility risk premium in Europe and the UK remained broadly the same around 2%.