Fixed Income

Oracle and SpaceX bonds trade at speculative-grade levels as Microsoft-linked Project Odyssey draws $7.8 billion in orders for $3.9 billion offering.

A 1.6x demand multiple signals sharp deterioration in AI infrastructure credit appetite as spreads widen 288 basis points above Treasuries.

Long-duration yields climb globally as persistent monetary tightening keeps borrowing costs elevated; 10-year U.S. Treasury closes at 4.71% on July 31

The Fed's shift to reinvest agency MBS paydowns into MBS rather than Treasuries drove Ginnie Mae and Fannie Mae current coupon prices up 12 index points on Sept. 21, 2011

Aegon Asset Management maintains a yield-curve steepener position, betting Fed cuts in 2026 will compress short-end rates while long-term yields hold or rise, despite Treasury efforts to cap borrowing costs.

Unemployment rose above consensus, signaling the central bank will pause rate action at its September meeting and ending a tightening cycle.

Treasury expands liquidity operations in 10-30 year sector to $4 billion per operation, effective Sept. 9, as long-end yields reach multi-year highs

The 10-year yield fell to 4.708% Tuesday ahead of the 20-year auction, but inflation breakevens hardened and geopolitical uncertainty left the curve vulnerable to fresh selling.

France's long-end borrowing costs surged Wednesday as fiscal concerns widened the spread over German bunds, while oil's fourth straight gain kept inflation pressure on duration-heavy portfolios.

As government bond yields decline, Ukrainian retail investors are rotating into higher-yielding corporate debt, reshaping a market that was nearly dormant before the latest cycle.

Low inflation and coal-heavy energy mix let Beijing hold rates steady while peers hike, pulling capital from other emerging markets.

The Reserve Bank of India shut its FCNR(B) swap facility ahead of schedule, pushing the rupee to 95.61 per dollar and lifting the 10-year bond yield to 6.81 percent.

The selloff erased ground from a 45 percent gain in 2025, leaving Bridgewater's onshore strategy still ahead of local rivals despite its worst single-month loss since inception.

Morgan Stanley estimates leveraged basis positions have shrunk more than $200 billion, with a Goldman desk chief saying clients call the trade 'dead.'

Retail sales grew 0.6 percent year-over-year in July, urban fixed-asset investment contracted 6.7 percent year-to-date, and new bank loans posted their largest monthly decline on record.

The Stoxx 600 has gained 12 percent as investors exit U.S. tech exposure, drawn by the strongest European earnings season since 2022 and a euro above $1.15.

The RBI moved its diaspora-deposit hedging deadline to Aug. 31 after inflows topped $52 billion, lifting shorter-duration bond yields as banks lost a zero-cost hedge.

The firm's five-year assumptions target U.S. corporate profit growth seen in only 15 percent of historical periods, paired with a strategic underweight to developed market sovereign debt.

Hard currency spreads hit historically tight levels by May as distressed sovereigns led gains, but a drone strike on June 25 closed the quarter on a cautious note.

Philadelphia Fed survey data shows economists' median 10-year Treasury yield predictions have diverged from actual outcomes as a recurring structural pattern, not an occasional outlier.

AlphaSimplex's Kathryn Kaminski says bonds now respond to geopolitical risk and inflation rather than U.S. growth data, stripping traders of their traditional navigation tools.

An 8-1 vote to hold masks a hawkish inflation warning, joint currency intervention and a two-year yield at its highest level since May 1995.

Jim Bianco flags 'bubblicious' used car inflation outpacing Bitcoin while Vance's Ukraine tanker request and North Sea well closures tighten the crude outlook.

A RICS survey shows UK buyer enquiries and agreed sales dropped to their lowest since August 2023, with London and East Anglia seeing the sharpest declines.

Crude advances for a sixth session as U.S.-Iran talks over Strait traffic collapse, sustaining supply shocks that extend duration risk across fixed-income portfolios

Two consecutive monthly declines in auto insurance costs provided a rare deflationary impulse in services, even as annual CPI held at 3.4 percent.

The Dutch bank posted a 20 percent jump in fee income and raised its revenue outlook, sending shares to their highest single-session gain in months.

Investors moved into riskier bond segments last month even as New York Fed data showed consumer credit card debt at a record $1.26 trillion.

Veterans warn that relying on rising collateral values to justify leveraged structures repeats a pattern seen before past credit blowups.

Bullion hits a two-month high as traders weigh July inflation data, energy risks and Fed signals before Wednesday's Consumer Price Index release.

The Bitcoin-backed preferred stock bridges traditional fixed income with digital assets, drawing $50 million from Strive.

International Business Machines Corp. is offering four- and eight-year Canadian dollar notes, its first such issuance since 2012, as foreign firms drive record Maple note volume.

StoneX projects a 2.9 million metric ton surplus for 2025-26, while French trader Sucres et Denrees says data gaps obscure the full extent of oversupply.

RBC Global Asset Management reopened its Phillips, Hager & North High Yield Bond Fund to new investors Aug. 6, 2026, citing attractive opportunities in the high-yield debt market

Nineteen firms tapped the U.S. corporate debt market Monday, marking the largest single-day issuance since April 30 as companies lock in funding.

Shorter work weeks and higher absenteeism in the Netherlands are compressing aggregate labor input, with direct implications for potential GDP and long-end bond yields.

Global bond and currency investors are debating a 'Sell America' trade after recent Washington policy decisions drove long-dated U.S. yields to levels last seen in 2006.

BP moves to shed UK oil, gas and biogas holdings as CEO Meg O'Neill targets faster debt reduction; a legal dispute over West Ham's ownership blocks £100 million in transfer funds.

The data center giant targets investment-grade buyers as credit spreads on technology infrastructure debt widen and duration risk mounts.

International institutional investors bypassed Nigeria's world-leading stock market this year, directing capital into sovereign debt drawn by high yields across the curve.

The vessels carrying crude for India disabled their AIS transponders to avoid detection in the high-risk waterway, pushing global freight insurance costs higher.

The NAHB Housing Market Index fell six points in July, its third straight monthly decline, as 7.15 percent mortgage rates erode demand and compress builder margins.

CFO Raja Akram said July trading remained strong after a 16 percent Q2 revenue surge beat analyst estimates and outpaced most U.S. rivals.

Global macro funds are closing short positions in Hong Kong tech after the 60-day rolling correlation with South Korean chip stocks swung from -0.35 to +0.15, breaking the pair trade thesis.

Beijing's state-backed CMRG now controls an estimated 70 percent of China's iron ore imports, shifting pricing power away from Rio Tinto, BHP and Vale.

Preliminary data shows Mexico's economy accelerating sharply from Q1's 0.5% pace, with Mbono spreads tightening and Banxico holding rates at 11% amid sticky inflation

Analysts say Washington faces a 100-day political window to de-escalate the Iran conflict, a move that could flood markets with sidelined crude.

Year-to-date profit growth slowed from 8.5 percent in May as property sector stress and soft consumer spending compressed margins despite a 7.5 percent surge in June exports.

Falling oil futures are feeding disinflationary expectations, pulling the two-year Treasury yield down 10 basis points and widening the 2s/10s spread to negative 47 basis points.

With nearly half its workforce now in informal roles, China faces mounting challenges to economic modeling, household demand and sovereign bond pricing