Please find enclosed the latest edition of our PERSPECTIVES Viewpoint – designed to provide regular, up-to-date analysis of key trends in all the major asset classes.

 

As bond yields rise across major markets, investors are facing a global repricing driven by shifting monetary policy expectations, fiscal expansion, energy dynamics and changing risk premia. In this latest PERSPECTIVES Viewpoint Fixed Income - The yield rise goes global, we examine what is behind the synchronised move in yields and where opportunities may emerge for fixed-income investors.

 

Key takeaways:

  • Bond yields are surging globally, with a focus on monetary expectations, fiscal expansion, issuance, and term premia.
  • AI investment and fiscal supply are key drivers in the US; energy exposure matters more in Europe
  • Election cycle weighing in France, improving discipline supporting Italy, and growth bolstering Spain.
  • Japan remains focused on policy normalisation; the UK faces inflation and fiscal constraints.

The PERSPECTIVES Viewpoint is currently available and client-ready for the following regions: Germany, Americas, Europe, Middle East, Africa and Asia Pacific.

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