A relief rally on a fragile pause: ceasefire diplomacy with caveats

New highs in oil prices and softer economic data weighed on fixed income markets, as concerns about slowing growth began to balance ongoing inflation fears.

The oil price shock continues to feed through global rate level and monetary policy expectations, while credit markets show resilience.

The repricing in interest rate prospects continues, credit and EMD markets show only moderate signs of stress so far

Surging energy prices shake rate markets, spreads face moderate upside pressures so far

Rates fell ahead of the week-end’s strikes on Iran, while credit and Emerging Market spreads reflected rising concerns on the situation in the Middle East

USD rates bounce up on hawkish Fed comments and solid US data, while corporate credit spreads stabilize after two weeks of Tech-driven widening

US yields fell, while credit spreads widen amid equity market volatility

US rates edged lower amid labor market concerns while credit markets were impacted by equity market volatility

US rate markets took Warsh’s nomination with calm, demand for credit and EM debt remains strong