The Swiss franc could surge as much as 17% to the dollar amid growing confidence in the currency’s haven status in the face of US policy uncertainty, according to Morgan Stanley strategists.

The Swiss franc could surge as much as 17% to the dollar amid growing confidence in the currency’s haven status in the face of US policy uncertainty, according to Morgan Stanley strategists.

For the first time in his career, Jupiter Asset Management’s Mark Nash is placing a long-term, strategic bet that Japanese government bonds will rise.

Citigroup Inc. thinks it’s too early to sell the pound now, instead targeting a weaker currency in the second quarter when it sees a ramp up in political risks coinciding with interest-rate cuts for a “double whammy” blow.

UK government bonds and the pound came under pressure as Prime Minister Keir Starmer fended off calls to resign, rattling investors worried about another bout of political uncertainty.

UK government bonds and the pound came under pressure as Prime Minister Keir Starmer fended off calls to resign, rattling investors worried about another bout of political uncertainty.

Treasuries edged higher to open a consequential week, with traders awaiting readings on the labor market and inflation for signals on the strength of the US economy.

In a week when political upheaval and expectations of imminent Bank of England interest-rate cuts weighed heavily on the pound, strategists warned that the currency risks sliding toward a three-year low against the euro.

Investors may return to longer-dated Japanese debt after this weekend’s snap election, with big asset managers pinpointing 10-year yields reaching 2.5% as a possible trigger to buy, according to a Mizuho strategist.

The yield on German 30-year bonds has climbed to the highest level since 2011 as investors demand higher compensation in response to a surge in government debt issuance.

European fund managers have been buying up New Zealand’s kiwi in a bet that the currency will benefit from an economic revival, the prospect of interest-rate hikes and broad weakness in the US dollar.

The euro’s ascent to its strongest level since 2021 is creating a problem for the European Central Bank.

The euro’s ascent to its strongest level since 2021 is creating a problem for the European Central Bank.

The jump in yields on Japan’s long-maturity bonds has gone too far, according to RBC BlueBay Asset Management, which has initiated a long position in the battered securities.

A senior fund manager at Vanguard Asset Management Ltd, who was one of the biggest bulls on Japanese government debt, hit pause on a steady buying spree of the nation’s long-dated bonds at the start of the year.

A clean sweep of gains for the pound, gilts and UK stocks this year will be tested by a fresh batch of economic data.

Currency volatility will keep fading into the new year, traders say, with the policy paths of major central banks looking clearly defined for the foreseeable future.

Treasuries inched up before the US reports jobs data, with investors seeking to gauge the scope for interest-rate cuts next year.

Treasuries inched up before the US reports jobs data, with investors seeking to gauge the scope for interest-rate cuts next year.

One of the biggest owners of European government bonds could trigger a bout of volatility — just as many market participants are away from their desks.