Offline24h

Global fixed income markets saw modest volatility and range-bound , largely digesting recent resilient US economic data and anticipating upcoming central bank commentary. UST yields generally held steady or showed slight mixed movement, with the short end exhibiting minor fluctuation as traders weighed Fed rate path uncertainty; specifically, the 2Y yield hovered near recent levels, suggesting near-term policy expectations remained largely priced in, while the 10Y yield saw minimal change, reflecting a cautious pause following the prior week’s movement driven by stronger-than-expected US GDP and labor data. Corporate credit markets remained supported, with Investment Grade (IG) and High Yield (HY) spreads broadly tightening slightly, indicating persistent investor appetite for yield and a stable credit environment, despite the higher absolute yield levels; the tightening in credit spreads points to continued confidence in corporate fundamentals. European sovereign bonds mirrored the stability in the US, with German Bund yields flatlining, as the market absorbed the recent ECB decision and awaited fresh inflation figures. Asian sovereign bonds displayed similar steadiness, though with some localized movement in response to specific regional data releases or currency fluctuations. Overall, the fixed income landscape in this window was characterized by consolidation, with participants awaiting clear directional catalysts from major economic reports or central bank guidance, suggesting a temporary equilibrium in the rates complex.