Yield Curve

In 2026, bond investors face a critical dilemma: the allure of attractive carry versus the inherent risks of convexity. This tactical playbook helps navigate these dynamics, emphasizing the...

This analysis delves into why swap spreads, not just cash yields, are critical for understanding hedging costs and risks in bond markets, revealing hidden dynamics and implementation frictions.

While equity market volatility often grabs headlines, the quiet movements in rates volatility can pose a significant, yet overlooked, threat to portfolios, driving deleveraging and challenging...

Gold's recent surge above $5,000, particularly its close at $5,046.30, offers a nuanced message to rates markets, suggesting investors are hedging against broader uncertainties beyond just a...

Corporate bond spreads are tightening to multi-decade lows amid heavy issuance, raising questions about investor confidence versus potential complacency in bond markets. This analysis delves into...

Eurozone bond markets closed the week with stable peripheral spreads, signaling contained risk appetite despite global concerns. We explore why the BTP-Bund and Bono-Bund spreads offer a more...

Recent UK Gilt price action highlights how headlines around leadership stability and fiscal credibility can trigger immediate, albeit often short-lived, repricing in borrowing costs. This analysis...

Despite a recent stable auction, the super-long Japanese Government Bond (JGB) sector remains a critical barometer for global rates volatility, with fiscal policy and investor appetite dictating...

Japan's 10-year government bond yield has climbed to 2.21%, reigniting discussions about a potential Bank of Japan interest rate hike as early as March. This piece explores the drivers behind this...

Fiscal headlines and deficit narratives are pushing bond markets to re-evaluate their long-term compensation, leading to subtle but significant repricing across the yield curve.

The long end of the bond market, particularly the 30-year Treasury, trades on more than just inflation data or Federal Reserve policy expectations. It's a barometer of risk premia, supply...

Friday's close indicated a risk reset in the bond market, with the front end of the US Treasury curve, particularly the UST 2Y and UST 5Y, repricing lower following softer inflation data. This...

With softer CPI data pushing Treasury yields lower, FXPremiere Markets examines the nuanced behavior of the bond market, highlighting how disinflationary prints battle against a persistent term...

This analysis delves into the current shape of the US Treasury curve, highlighting the outperformances of the belly amidst expectations of Federal Reserve policy easing.

Australia's 10-year government bond yield reaching 4.7% underscores that the 'higher for longer' interest rate environment is a global phenomenon, extending beyond the US. This analysis explores...

A recent strong 30-year bond auction signals structural demand for long duration, defying bond vigilante narratives and limiting term premium expansion, despite persistent supply concerns.

A softer January CPI print has emboldened hopes for mid-year rate cuts, yet the bond market's long-end tells a story of persistent caution, driven by sticky term premium and supply dynamics. This...

Emerging Market local bonds offer attractive yields, but their appeal is deeply intertwined with currency stability and global risk appetite. This analysis explores how FX risk can negate carry...

Despite a positively sloped U.S. yield curve, it's crucial to understand the underlying drivers of steepness. Not all steep curves signal economic recovery; some reflect heightened term premium...

Despite low yields, China's government bond market is emerging as a crucial global duration shock absorber, offering low correlation in volatile regimes.