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Mizuho EMEA

Multi-Asset Strategy Daily

Finvaulta tracks 5 editions of Multi-Asset Strategy Daily from Mizuho EMEA, published between May 15, 2026 and June 4, 2026. Each edition is summarized on its own page.

Latest edition · June 4, 2026

Strategy Daily

Global bond yields are testing higher levels as geopolitical tensions and low oil inventories sustain inflation concerns. Markets are now pricing in a June rate hike from the Bank of Japan.

The multi-asset strategy report highlights a bear-steepening trend in global yields, driven by rising oil prices and persistent geopolitical risk in the Middle East despite a tentative ceasefire in Lebanon. In the US, 10-year yields are consolidating near 4.40-4.50% ahead of payroll data, while in Europe, Bund yields have moved above 3.00% as markets price in energy shocks. A significant shift is noted in Japan, where hawkish rhetoric from Governor Ueda has led to expectations of a BoJ rate hike as early as June 2026.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.Global bond markets remain vulnerable to higher yields as geopolitical risks in the Middle East sustain an inflation premium.
  • 2.The Bank of Japan (BoJ) is expected to hike rates in June, shifting from a previous more patient stance.
  • 3.European and UK bond yields are being driven primarily by global energy shocks rather than domestic fundamentals.

What this series covers

  • USD
  • EUR
  • GBP
  • JPY
  • Important Information
  • Disclaimer

Edition archive

Series at a glance

Editions tracked
5
First edition
May 15, 2026
Latest edition
June 4, 2026
All Mizuho EMEA research

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