Fast food for thought

Insights and research on global events shaping the markets

As weakening core inflation clashes with a sudden 13% surge in oil due to Middle East tensions, central banks find themselves at a difficult crossroads—caught between easing hopes and renewed inflation pressure.

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16/06/2025

Robust U.S. job data drove global bond yields higher and curtailed market hopes for near-term rate cuts, yet credit spreads tightened as investors embraced risk, enabling most fixed income sectors to notch gains despite central banks’ cautious stance.

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10/06/2025

Global fixed income enjoyed a relief rally this week as cooling inflation data and a temporary reprieve on tariffs bolstered sentiment, while major central banks reaffirmed a patient, data-driven policy stance.

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02/06/2025

Rate markets were shaken this week by rising concerns over U.S. fiscal discipline and renewed tariff threats, prompting a sharp adjustment in Fed rate cut expectations and putting long-end yields and credit under renewed pressure.

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26/05/2025

Long-end yields rose across developed markets, led by Japan’s 30-year breakout to a 25-year high, while cautious central bank messaging and supportive credit dynamics helped sustain risk appetite across fixed income.

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19/05/2025

Global fixed income markets found stability last week amid easing U.S.–China trade tensions, while Japan's 30-year government bond yield surged to a 25-year high, reflecting shifting investor sentiment and inflation expectations.

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13/05/2025

Falling volatility has supported a rebound in global fixed income markets, yet persistent macro uncertainty—centered on trade tensions, political interference, and diverging policy paths—continues to cloud the outlook.

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29/04/2025

After weeks of volatility, global fixed income markets stabilized, supported by easing yields and central bank signals, while regional divergences and trade policy developments continue to shape investor sentiment.

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22/04/2025

Volatility returned across fixed income markets last week as soft economic data, rising inflation expectations, and looming U.S. tariffs forced central banks into cautious mode — with rate expectations shifting, credit spreads widening, and high yield flashing early signs of stress.

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14/04/2025

Volatility returned across fixed income markets last week as soft economic data, rising inflation expectations, and looming U.S. tariffs forced central banks into cautious mode — with rate expectations shifting, credit spreads widening, and high yield flashing early signs of stress.

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31/03/2025

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