The report highlights that global rates are currently dictated by oil prices and Middle East headlines rather than domestic economic data. Yields remain supported by energy-driven inflation risks despite signs of softening growth in the Eurozone and the UK.
Key Takeaways
- 1.Global fixed income markets are currently driven primarily by oil prices and Middle East geopolitical developments rather than domestic macro data.
- 2.US 10Y yields are consolidating in the 4.5-4.6% range as geopolitical risk premia in oil ($90-110) limit the scope for a duration rally.
- 3.European and UK rates are facing a tug-of-war between deteriorating domestic growth data and externally-driven energy inflation risks.
Table of Contents
- USD
- EUR
- GBP
- JPY
- Important Information
- Disclaimer
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Evelyne Gomez
Securities
10Y US TreasuryBundsGiltsJGBCrude Oil
Themes
Energy-Driven Inflation PersistenceGeopolitical Dominance over Macro Data
Regions
North AmericaEuropeUKUnited StatesFranceUnited Kingdom