---
title: Volatility Retreats, but Macro Crosswinds Keep Fixed Income in Check
description: 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.
---

[Fast food for thought](https://blog.syzgroup.com/fast-food-for-thought)

# [Volatility Retreats, but Macro Crosswinds Keep Fixed Income in Check](https://blog.syzgroup.com/fast-food-for-thought/volatility-retreats-but-macro-crosswinds-keep-fixed-income-in-check)

 Written by [Gaël Fichan](https://blog.syzgroup.com/fast-food-for-thought/author/gaël-fichan) | Apr 29, 2025, 3:42:09 PM

[View full post](https://blog.syzgroup.com/fast-food-for-thought/volatility-retreats-but-macro-crosswinds-keep-fixed-income-in-check)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Gaël Fichan"
  },
  "dateModified" : "2025-04-29T15:42:09.130Z",
  "datePublished" : "2025-04-29T15:42:09Z",
  "headline" : "Volatility Retreats, but Macro Crosswinds Keep Fixed Income in Check",
  "image" : {
    "@type" : "ImageObject",
    "height" : 2000,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/20250428_pic-2.jpg",
    "width" : 3000
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/fast-food-for-thought/volatility-retreats-but-macro-crosswinds-keep-fixed-income-in-check",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Fast food for thought"
  }
}
```