UST yields rose sharply, with 10s +7bp to 4.24% amid Trump tariff threats on Greenland, sparking risk-off flows. 2s10s curve steepened 2bp, 5s30s unchanged; moves followed recent Beige Book noting modest growth and stable labor, ahead of any fresh data prints. US equities plunged (Dow -870pts/-1.8%, S&P -2.1%, Nasdaq -2.4%), HY spreads +5bp to 265bp,…

UST yields edged higher across the curve amid resilient labor data and tempered Fed cut expectations. The 10Y yield climbed 3bp to 4.17%, while 2Y advanced 5bp to 3.57%; 30Y held steady near 4.80%. IG corporate OAS tightened marginally to 77bp, reflecting robust demand despite heavy issuance, with HY spreads stable. Curve steepened slightly as…

UST curve bull-flattened modestly as short-end yields edged higher amid mixed economic signals, while 10Y held steady near 4.18% before ticking up to 4.186% late session. 2Y yield climbed +5bp to 3.54% from 3.49%, reflecting persistent front-end pressure from Fed policy bets, with 3Y at 3.56% up +3bp. IG corporate spreads tightened to 74bps OAS,…

UST curve flattened mildly as 2Y yield rose 2bp to 4.25% amid resilient economic data while 10Y held steady at 4.17% post modest overnight gains. IG spreads tightened 3bp to 95bp on sustained demand, with HY OAS narrowing 3bp to 2.76% reflecting low default risk and technical buying. MBS outperformed amid softer JOLTS figures signaling…

UST curve steepened mildly, with 2Y yield climbing 1.45bp to 3.47% and 3Y up 0.28bp to 3.525%, while 10Y dipped 2.16bp to 4.147% and 30Y fell 3.17bp to 4.829%. Short-end pressure stemmed from resilient employment data offsetting soft-landing bets, keeping front-end yields elevated amid sticky inflation risks tied to tariffs and fiscal expansion under current…

UST yields edged higher amid stable risk sentiment, with 10Y closing at 4.19% after a 2bp rise from 4.17% prior session. 2Y yield ticked up 1bp to 3.48%, while 3Y held near 3.55%, keeping curve steepening intact. IG credit spreads steady at 79bp OAS, near historic tights on robust fundamentals. HY BB OAS tightened 2bp…

UST curve bull-flattened mildly as 10Y yield eased 3bp to 4.17% amid thin liquidity, while 2Y held steady near 3.47% on resilient short-end demand. IG corp spreads unchanged at 1.01% for BBB, reflecting tight credit conditions and year-end positioning unwind. HY OAS ticked up 2bp to 2.83% on Jan 2, signaling minor risk repricing post-holidays.…

Wishing everyone a Happy New Year 2026. May your trades be smooth, your risk well-managed, and your P&L hit new highs in the year ahead. Global fixed income delivered solid positive returns in 2025, driven by high starting yields, moderate disinflation and a late-year shift toward easier central bank policy. 10Y UST finished the year…

UST 10Y yield edged up 3bp to 4.15%, reflecting hawkish Fed signals amid resilient US data, while 2Y held at 3.48% with weekly drop of 4bp on rate cut hopes. Curve steepened slightly as short-end stabilized post-FOMC minutes, IG credit spreads tightened 1bp to 95bp, buoyed by strong corporate earnings. EM hard currency bonds outperformed,…

UST benchmarks edged lower amid mixed economic signals and positioning ahead of year-end. 10Y yield dipped 2bp to 4.13% from 4.15%, while 2Y fell 3bp to 3.46% and 3Y eased to 3.50%. Curve steepened slightly with 10Y-2Y spread widening to 67bp, reflecting hawkish Fed guidance post recent 25bp cut. IG corporate spreads held steady near…