Multi Asset Strategy Daily

Global bond markets remain under pressure as persistent inflation data and geopolitical risks support a 'higher-for-longer' rates environment. Yields in the US, UK, and Japan are testing new highs amid supply concerns and shifting policy expectations.

Key Takeaways

• 1.US Treasury rates are struggling to find a floor as persistent inflation signals and geopolitical risks keep the 'higher-for-longer' narrative alive.
• 2.UK Gilt yields are rising due to increased political uncertainty and term premia as the Labour party faces potential internal leadership challenges.
• 3.JGBs are experiencing bear-steepening driven by hawkish BoJ rhetoric and the possibility of a government supplementary budget.

Table of Contents

• USD
• EUR
• GBP
• JPY
• Important Information
• Interests/ conflicts of interest relating to the strategist/analyst responsible for this publication
• Other information regarding investment recommendations
• Disclaimer

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