Bessent Can Hold Down the Long Bond, But He Can’t Make the Bill Disappear
The bond market is getting restless. What rising yields, $40 trillion in debt, AI spending, and Scott Bessent reveal about the price of money.
Bonds
Bessent Brings a Pea Shooter to a Trillion-Dollar Bond Market
U.S. Treasury Secretary Scott Bessent's plan to suppress long-term borrowing costs through larger-scale Treasury buybacks is facing an unforgiving test from the market. The Treasury Department announced Wednesday it wou…
Bond Market Rejects Bessent’s Buyback and Sends Yields Higher
TL;DR: The US 10-year Treasury yield broke above 4.81% to a three-year high near 4.85%, yet the Dollar Index is sitting near support instead of rallying — a divergence that suggests markets increasingly care about wheth…
Rates Outlook: Sterling’s Hawkish Pricing Still Looks Overdone
HSBC warns the Bank of England's Thursday rate decision could deliver a hawkish split vote, with some members potentially voting for a rise, though sterling upside looks limited with 60bps already priced.
Bessent’s Buybacks: Will Treasury Reignite the US Dollar Debasement Trade?
SINGAPORE, Aug 25 (Reuters) - Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revive…
The Long Bond March Is Rewriting the Old Market Playbook
The post-crisis era trained markets to treat exceptionally low bond yields as normal and anything approaching 5% as a threat. History suggests the opposite. The US 10 year yield may be higher than at almost any point in…
Rates Outlook: Growth Disappointments Would Still Build a Bullish Case
IREN stock forecast 2030 through AI capacity, power, dilution, margins, contract durability, and long-term infrastructure risk.
Historically Tight Credit Spreads Face a Test as Rates Rise
At the turn of the year 2025-26, economic growth surprised on the upside while financial market sentiment remained strong despite high uncertainty. The war in the Middle East is now putting this resilience to the test. …
Rates Outlook: A Short Sigh of Relief
The prospect of a peace agreement between the United States andIran is fueling optimism across global financial and commodity markets. At the center of attention is the Strait of Hormuz—one of the world’s most important…
Global Bond Markets at a Tipping Point
A historic bond issuance frenzy driven by the artificial intelligence arms race is pushing the global investment-grade bond market to its limits. On July 13 local time, US semiconductor stocks and AI concept shares suff…
Rates Outlook: So How Bad Could This Whole Thing Get?
At the end of one chaotic year and the threshold of another that could be equally turbulent, Hawaiʻi’s people, institutions and economy remain fairly resilient, though vulnerable to developments beyond its borders. The …
Bond Yields Rocket to 2-Decade High as Global Selloff Deepens
Global stocks came under renewed pressure on Tuesday, with technology shares bearing the brunt of selling as investors braced for a more aggressive Federal Reserve stance on inflation, even as oil prices continued their…
Rates Outlook: Curve influencers
Sam Azzarello: What's next for markets and the global economy after a year defined by escalating tariffs, persistent geopolitical tensions, and the rise of artificial intelligence across industries?
2-Year and 10-Year Treasury Yields Near Breakouts as Stocks Face Pressure
Buying Bonds Here - Different StatisticsBonds (ZN & ZB) are the only markets that have different parameters and statistics compared to the rest. Among other things, they are the only markets where statistics show that t…
A Tale of 2 Yield Curves: Treasury Signals Clash on the Outlook
The bond giant's CIO for non-traditional strategies says Treasury yields look attractive and the Fed will hold rates steady through year-end, putting Pimco squarely at odds with futures markets pricing in a coin-flip ch…
10-Year Treasury Yield Eyes 5% as Rate Hike Risk Builds
This is going to be a fairly important week for markets, given the amount of economic data coming and where rates closed. On Friday, the two-year moved up by almost 13 basis points and the ten-year by nearly six, follow…
Warsh Guides Forward Without Forward Guidance
Editor's Note: At 10 PM Beijing time on August 28, Federal Reserve Chair Kevin Warsh delivered a speech at the Jackson Hole Global Central Bank Symposium, marking his first address at this prominent annual gathering sin…
Foreign Bonds Take the Lead Over US Fixed Income in 2026
This content is marketing material and should not be regarded as investment advice. Trading financial instruments carries risks and historic performance is not a guarantee of future results. The instrument(s) referenced…
Hawkish ECB Not Helping French Government Bonds
As eurozone inflation plunges citizens into a cost-of-living crisis, the ECB is sticking to its policy of cheap credit and adding a new bad-debt incentive for reckless governments.
Rates Outlook: Why 4.75% Is a Natural Fit for the 10-Year Yield
The 10Y gilt yield hit new highs on the back of inflation and political risks, but investors should not ignore the role of the Bank of England’s QT in this. We estimate the 2s10s GBP curve steepened by 60bp more than th…
A Mixed Year for Bonds Ahead of Warsh’s Jackson Hole Speech
The 2026 Jackson Hole Economic Policy Symposium, scheduled for August 27-29, represents one of the most closely watched central banking events of the year. Federal Reserve Chair Kevin Warsh will deliver his first keynot…
Rates Outlook: An Uneasy Calm
The Federal Reserve's interest rate lift-off in December did little to disturb the uneasy calm that had reigned in financial markets in late 2015. But the new year had a turbulent start, featuring one of the worst stock…
Treasury Raises the Stakes in a Battle to Cap Long‑Term Yields
Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders
Kevin Warsh’s Jackson Hole Speech Puts Bond Yields on Notice
The 2026 Jackson Hole Economic Policy Symposium, scheduled for August 27-29, represents one of the most closely watched central banking events of the year. Federal Reserve Chair Kevin Warsh will deliver his first keynot…