Bonds Analysis & Comment

The yield spread between 10yr BTPs and Bunds widened 114bp in May Populist and anti-EU politics were the catalyst for this repricing of risk Spain, Portugal and Greece all saw yields increase as Bund...

European political uncertainty spiked volatility in sovereign bond markets and the euro Hawkish emerging market monetary policy attempts to alleviate local FX havoc and inflationary concerns Chances...

Summary Italy’s stock and bond rebound stuttered on Tuesday after the first parliamentary speech by new Prime Minister Giuseppe Conte – a clear sign investors continue to perceive the...

Summary The big question for European and U.S. stock markets on Thursday is when they may reach their pain threshold. This week has seen recharged inflation expectations drag Treasury yields higher,...

30 year rates There is too much hype in the air about higher rates and the markets always favour the underdog which is, in this case, bond bulls. The chart below also indices that a major support is...

Cough Please! Then talk…about how China’s 10 year bond yields are down, RRR is also down, plus there’s no further sanctions according to Russian Embassy in Washington… Find...

Hot right now After the global stock market correction, investor scrutiny on collapsing U.S. Treasuries has intensified. And with conditions still edgy, it’s little surprise markets are mapping...

An acceleration in the selloff of global bond markets appears to be starting to let some of the air out of the recent rally in global equity markets, as US markets suffered their worst one day fall...

US markets had their first uniformly negative session of the year so far yesterday, all of the main benchmarks finishing the day lower on the day, on reports that China was reviewing its policy of...

Predicting the future is a mug’s game, and in financial markets we simply cannot know tomorrow’s prices. All we can do is make assessments of the factors that can be expected to influence...

Chinese bond yields have reached their highest since October 2014 Chinese stocks have corrected despite the US market making new highs The PBoC has introduced targeted lending to SMEs and...

Bull market breather or beginning of the end? Stock markets have generally taken a breather during November High yield and corporate bond yields have risen, but from record lows Since April, the...

Inflation is back, especially in the US, where the US Producer Price Index has broken its downtrend of nearly a decade. In the next few months, this will explode volatility and the bond-market bubble,...

Although 10-year Treasury yields have backed away from the key 2.4% level, the dollar is ignoring developments at the longer end of the curve and concentrating on the shorter end of the curve, where...