Multi Asset Strategy Daily

Global bond markets are under pressure as yields test new highs amidst persistent inflation risks from energy and geopolitics. In the UK, political uncertainty is driving up the term premium for Gilts, while Japanese yields rise on hawkish BoJ signals.

Key Takeaways

• 1.Rates are struggling to find a floor as markets test the upper limits of yields, driven by high inflation prints and supply pressure.
• 2.Geopolitical tensions involving China, Iran, and ongoing conflicts reinforce the view that energy-driven inflation is a persistent risk.
• 3.UK Gilt markets are facing a rising term premium due to political uncertainty and leadership challenges within the Labour party.

Table of Contents

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

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