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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## **Fast food** for thought Insights and research on global events shaping the markets - [All](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thought/tag/flash) - [Global Markets Outlook](https://blog.syzgroup.com/fast-food-for-thought/tag/global-markets-outlook) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [October's Fixed Income Decline Sets Stage for Pivotal Week Amid U.S. Election Uncertainty](https://blog.syzgroup.com/fast-food-for-thought/octobers-fixed-income-decline-sets-stage-for-pivotal-week-amid-u.s.-election-uncertainty) In October, fixed income assets faced significant challenges, with the Global Aggregate Bond Index declining over 3%. As the U.S. elections approach, this week is poised to be crucial in determining the future trajectory of the fixed income market. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 04/11/2024 [Food for Thought](https://blog.syzgroup.com/fast-food-for-thought/tag/food-for-thought) #### [UK Budget 2024](https://blog.syzgroup.com/fast-food-for-thought/uk-budget-2024) Flash note **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 31/10/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Eerie Calm Broken: Bond Markets Stir with Rising Yields and Election Shadows!](https://blog.syzgroup.com/fast-food-for-thought/eerie-calm-broken-bond-markets-stir-with-rising-yields-and-election-shadows) With the U.S. term premium turning positive amidst rising bond market volatility, fixed-income markets are facing growing caution as central banks ease, credit markets stabilize, and investor attention pivots towards the U.S. elections, which could shape future fiscal policy. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 27/10/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Global Easing Continues While U.S. Elections Loom, Heightening Market Uncertainty!](https://blog.syzgroup.com/fast-food-for-thought/global-easing-continues-while-u.s.-elections-loom-heightening-market-uncertainty) With synchronized global monetary easing in full effect and U.S. elections just weeks away, bond markets face rising volatility and potential shifts, with inflation risks and fiscal policies likely to play a pivotal role in shaping the near-term outlook. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 21/10/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Yields Under Pressure as Markets Adjust to Higher Terminal Rate Expectations!](https://blog.syzgroup.com/fast-food-for-thought/yields-under-pressure-as-markets-adjust-to-higher-terminal-rate-expectations) Rising geopolitical tensions and inflation concerns pushed U.S. 10-year Treasury yields to 4.1%, as market expectations shifted towards a higher U.S. terminal rate, reflecting increased uncertainty. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 14/10/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Bond Markets Realign with Fed Outlook Following Robust U.S. Data.](https://blog.syzgroup.com/fast-food-for-thought/bond-markets-realign-with-fed-outlook-following-robust-u.s.-data) After a week of better-than-expected U.S. economic data and rising oil prices, bond markets adjusted their expectations, now aligning with the Fed's forecast of two rate cuts by year-end, removing a previously anticipated full cut. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 07/10/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [A Calm Week as Central Bank Decisions Settle In and U.S. Elections Loom!](https://blog.syzgroup.com/fast-food-for-thought/a-calm-week-as-central-bank-decisions-settle-in-and-u.s.-elections-loom) Despite mixed economic data, bonds remained flat over the week, with emerging market bonds outperforming, driven by Chinese stimulus measures. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 30/09/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Fed Begins Soft Landing with a Jumbo 50bps Rate Cut!](https://blog.syzgroup.com/fast-food-for-thought/fed-begins-soft-landing-with-a-jumbo-50bps-rate-cut) Last week, the Federal Reserve kicked off its rate-cut cycle with a bold 50 bps reduction, signaling that monetary policy had grown too restrictive given the progress on inflation and the normalization of the job market. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 23/09/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Kicking Off a New Fed Rate Cycle: What's Next for Markets?](https://blog.syzgroup.com/fast-food-for-thought/kicking-off-a-new-fed-rate-cycle-whats-next-for-markets) This week, all eyes are on the Federal Reserve as they prepare to potentially initiate their first rate cut after a prolonged period of holding rates at peak levels. With a near 50/50 split in market expectations for either a 25 or 50 bps cut, this decision could set the tone for the economic outlook moving forward. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 16/09/2024 [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) #### [Dark Clouds Over the U.S. Economy Drive Bond Rally!](https://blog.syzgroup.com/fast-food-for-thought/dark-clouds-over-the-u.s.-economy-drive-bond-rally) A string of disappointing labor market data last week spooked investors, pushing them toward bonds. The U.S. yield curve is now positive, while the 10-year Treasury yield has hit a one-year low. **[Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan)** | 09/09/2024 [❮](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/3) [2](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/2) [3](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/3) [4](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/4) [5](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/5) [6](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/6) [❯](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan/page/5) ## **Investing** with intelligence Our latest research, commentary and market outlooks #### [Weekly Market Update](https://blog.syzgroup.com/fast-food-for-thoughts/tag/weekly-market-update?hsLang=en) #### [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus?hsLang=en) #### [Asset Allocation Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights?hsLang=en) #### [Semi-annual Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/semi-annual-outlook?hsLang=en) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [Terms & conditions](https://www.syzgroup.com/sites/default/files/document/2021-12/001-2_en-general_terms_and_conditions_w.pdf) - [Data protection notice](https://www.syzgroup.com/en/data-protection-notice) - [Cookies policy](https://www.syzgroup.com/en/legal-notices) - [Syzgroup.com](https://www.syzgroup.com/)