Global bond yields hovered near multiyear highs as rising energy prices stoked inflation concerns.
Mount Fuji and the Shinjuku skyline at sunset in Tokyo, Japan, on Friday, Feb. 14, 2025. Japan is scheduled to release its fourth-quarter gross domestic product (GDP) figures on Feb. 17. Photographer: Kiyoshi Ota/Bloomberg
Even before the Iran war, Fidelity International portfolio manager Mike Riddell was skeptical of the view that global price pressures were subsiding. His contrarian bet — that inflation was set to rise — is now paying off handsomely.
Even before the Iran war, Fidelity International portfolio manager Mike Riddell was skeptical of the view that global price pressures were subsiding. His contrarian bet — that inflation was set to rise — is now paying off handsomely.
UK bonds were swept up in another selloff as investors grew increasingly anxious about Britain’s finances, given the risk of fresh challenges to Prime Minister Keir Starmer’s leadership.
UK bonds were swept up in another selloff as investors grew increasingly anxious about Britain’s finances, given the risk of fresh challenges to Prime Minister Keir Starmer’s leadership.
Prime Minister Keir Starmer during a speech in London, on May 11.
UK bonds were swept up in another selloff as investors grew increasingly anxious about Britain’s finances, given the risk of fresh challenges to Prime Minister Keir Starmer’s leadership.
UK bonds were swept up in another selloff as investors grew increasingly anxious about Britain’s finances, given the risk of fresh challenges to Prime Minister Keir Starmer’s leadership.
Prime Minister Keir Starmer during a speech in London, on May 11.
UK government bonds posted a relief rally after Prime Minister Keir Starmer vowed to stay in his job despite deep local election losses, with investors set to focus on any fallout on his leadership in coming weeks.
UK government bonds posted a relief rally after Prime Minister Keir Starmer vowed to stay in his job despite deep local election losses, with investors set to focus on any fallout on his leadership in coming weeks.
Keir Starmer meets Labour Party members in Ealing, west London, on May 8.
UK government bonds posted a relief rally after Prime Minister Keir Starmer vowed to stay in his job despite deep local election losses, with investors set to focus on any fallout on his leadership in coming weeks.
UK government bonds posted a relief rally after Prime Minister Keir Starmer vowed to stay in his job despite deep local election losses, with investors set to focus on any fallout on his leadership in coming weeks.
Keir Starmer meets Labour Party members in Ealing, west London, on May 8.
Investor worries over higher energy prices and elections that look to be disastrous for the government pushed the UK’s long-term borrowing costs to the highest level since 1998 this week. The pound wasn’t fazed.
Investor worries over higher energy prices and elections that look to be disastrous for the government pushed the UK’s long-term borrowing costs to the highest level since 1998 this week. The pound wasn’t fazed.
Prime Minister Keir Starmer joins party supporters during a campaign event in London on May 5.
The UK will begin selling 12-month Treasury bills at its weekly auctions, as part of the government’s efforts to tilt its borrowing toward shorter-maturity debt.
The UK will begin selling 12-month Treasury bills at its weekly auctions, as part of the government’s efforts to tilt its borrowing toward shorter-maturity debt.
British government bonds are set for their worst week since the early days of the Iran war, undermined by a simmering political crisis within the ruling Labour Party and expectations of higher interest rates this year.
British government bonds are set for their worst week since the early days of the Iran war, undermined by a simmering political crisis within the ruling Labour Party and expectations of higher interest rates this year.
A visitor enters the headquarters of HM Treasury in the Westminster district of London, UK, on Thursday, Jan. 9, 2025. The pound dropped to a more than one-year low, stocks fell and gilts extended a fourth day of losses on concern the Labour government will struggle to keep the deficit in check as borrowing costs surge.
The euro is the second-best G-10 performer against the dollar over the past month, defying expectations that the energy shock caused by the Middle East war would hit Europe’s economy and drag the currency lower.
The euro is the second-best G-10 performer against the dollar over the past month, defying expectations that the energy shock caused by the Middle East war would hit Europe’s economy and drag the currency lower.
Markets’ mispricing of European Central Bank interest-rate hikes is creating an opportunity to buy shorter-dated euro-area bonds, according to BlackRock Inc.
Markets’ mispricing of European Central Bank interest-rate hikes is creating an opportunity to buy shorter-dated euro-area bonds, according to BlackRock Inc.
The appeal of UK bonds is being put to the test by surging volatility, with money managers warning that one of the most popular trades in recent months now requires nerves of steel.
The appeal of UK bonds is being put to the test by surging volatility, with money managers warning that one of the most popular trades in recent months now requires nerves of steel.
The gilt market has become more prone to wild swings due to concerns around the nation’s fiscal outlook.
Sticky inflation will force the European Central Bank to lift interest rates twice in the coming months, even if a ceasefire deal between the US and Iran holds, according to Vanguard Asset Management Ltd.’s Ales Koutny.
Sticky inflation will force the European Central Bank to lift interest rates twice in the coming months, even if a ceasefire deal between the US and Iran holds, according to Vanguard Asset Management Ltd.’s Ales Koutny.
President Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again finding themselves forced to prepare for a range of possible outcomes.
President Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again finding themselves forced to prepare for a range of possible outcomes.
Weeks of volatility sparked by Trump’s shifting positions have left traders frustrated and uncertain about the path forward.
President Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again finding themselves forced to prepare for a range of possible outcomes.
President Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again finding themselves forced to prepare for a range of possible outcomes.
Weeks of volatility sparked by Trump’s shifting positions have left traders frustrated and uncertain about the path forward.
A BlackRock Inc. fund has added to bearish positions on German bonds, betting that a “pretty large inflation uptick” across Europe will push borrowing costs back above the 15-year highs reached last week.
A BlackRock Inc. fund has added to bearish positions on German bonds, betting that a “pretty large inflation uptick” across Europe will push borrowing costs back above the 15-year highs reached last week.
Jordan Rochester earned the nickname “Mr. Brexit” for his prodigious market insights on the UK’s split from the European Union. Almost a decade later, his quick thinking as hostilities erupted in the Middle East has spurred another slew of profitable trading ideas.
Jordan Rochester earned the nickname “Mr. Brexit” for his prodigious market insights on the UK’s split from the European Union. Almost a decade later, his quick thinking as hostilities erupted in the Middle East has spurred another slew of profitable trading ideas.
A US fighter jet prepares to launch from the USS Abraham Lincoln aircraft carrier, on March 21.
Bond managers are doubling down on bets that central banks’ monetary policy will diverge, even as the inflation fear unleashed by the war in Iran boosts the case for higher interest rates.
Bond managers are doubling down on bets that central banks’ monetary policy will diverge, even as the inflation fear unleashed by the war in Iran boosts the case for higher interest rates.
Crude oil futures charts on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, March 9, 2026. The war in the Middle East sparked fresh turmoil in global markets as oil smashed through $100 a barrel, spurring losses in stocks and bonds. Photographer: Michael Nagle/Bloomberg
UBS Asset Management is betting the market has gotten too far ahead of itself positioning for interest-rate hikes by the Bank of England and the European Central Bank.
UBS Asset Management is betting the market has gotten too far ahead of itself positioning for interest-rate hikes by the Bank of England and the European Central Bank.
A dramatic selloff in the UK’s bonds since conflict broke out in the Middle East is a buying opportunity for a handful of investors willing to brave the volatility.
A dramatic selloff in the UK’s bonds since conflict broke out in the Middle East is a buying opportunity for a handful of investors willing to brave the volatility.
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