Global Bond Insights

Daily Treasury par yield curve rates are interpolated by the Treasury into Constant Maturity Treasury (CMT) rates.

• Amazon debuts in sterling with a four-tranche deal, lifting its 2026 issuance past $92bn and marking the fourth currency tapped this year.
• AI...

High headline yields often signal market fears rather than easy gains. HPP bonds offered 10.5-13.5% yields because investors priced in permanent...

Friday's August CPI release will likely settle the Fed's September rate decision, with markets pricing a 59% chance of a 25bp hike after strong...

The Bloomberg Aggregate Bond Index benchmarks over $50 trillion in U.S. investment-grade bonds.

• Construction: Covers 10,000+ issues with U.S....

Tight aggregate spreads mask growing dispersion that could test market resilience ahead of heavy issuance.

• Spread divergence widens: $1tn in bonds...

Higher Treasury yields show the bond market repricing duration and long-run borrowing costs normally, not a failure. The unusual period was the post-GFC decade when 10-year yields stayed trapped in a 1.5-2.5% range.

• Rate volatility intensified as September hike odds swung from 68% to 50% to 60% in one week, directly affecting new-issue pricing off the Treasury...

Global equities rose in August with the S&P 500 gaining 2.6% and technology surging 6.2% on renewed AI enthusiasm, while Canadian GDP expanded at a...

Asian issuers flooded the dollar bond market Tuesday with over 10 deals, led by banks seeking to lock in funding before potential Fed hikes.

• Bank...

The US 30-year Treasury yield remains anchored at 5.25%, with minimal daily movement of just -0.08%.

Historically tight credit spreads in both the U.S. and Europe show little widening despite higher interest rates, but AAA corporate OAS are already...

Neither high US yields nor low Chinese rates are inherently reassuring, as both embed distinct economic problems rather than signaling strength. The...

• SoftBank priced a ¥1 trillion 7-year retail bond at the top of a 4.3%-4.9% range, far above the 2.3% average coupon for yen retail corporates this...

Bonds where short sales are carried out predominantly by dealers show better liquidity, underscoring how dealer-driven lending supports corporate-bond market functioning.

Norges Bank Investment Management plans to cut its U.S. Treasury holdings by roughly $80 billion as part of a broader reallocation.

• Government bond...

Intermediate maturities deliver better carry relative to volatility than the long end after the global bond selloff, as UBS turns tactically cautious...

10-Year U.S. Treasury Note futures on CME Group deliver contract details, trading volume, benefits, and news for market participants.

A hotter August CPI could validate the six-month rise in 2-year yields and force the Fed toward a September hike, with ISM services prices at 72 and...

全球长端收益率上行由更高中性利率、AI投资热潮与政府融资需求共同驱动。

• 加拿大30年期国债收益率仅升24bp至4.16%，远低于美国37bp、英国近50bp及日本近60bp。
• 加拿大财政赤字仅GDP 3.5%，优于美国6%，期限溢价重估中相对受庇护。
• 真实收益率上升反映中性利率上修，加拿大通胀与借贷担忧较低，支撑其韧性。