Fixed income

Morgan Stanle

2026-10-08 16:13:16

Morgan Stanley IM bond investor turns bullish on U.S. Treasuries for the first time in a decade

Vishal Khanduja, a senior bond investor at Morgan Stanley Investment Management, has turned bullish on U.S. bonds for the first time in 10 years as yields climbed to their highest level in two decades and began to weigh on economic growth. Khanduja, one of the firm’s better-performing bond investors, co-manages the $4.1 billion Eaton Vance Total Return Bond Fund with Brian Ellis. As of June, the fund had lifted its duration, a measure of interest-rate risk, to 6.07 years. Khanduja, who leads the broad markets fixed income team, said this was the first time in more than 10 years that the fund had taken an overweight duration position. The move points to a notable shift in stance after an extended period without such positioning.

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Reuters

2026-10-07 12:09:50

Reuters survey shows bond strategists expect U.S. Treasury yields to ease in coming months

A Reuters survey found that fixed-income strategists expect U.S. Treasury yields to move lower over the next few months, even after the 10-year Treasury yield posted its biggest quarterly rise since 1994. The respondents kept a bearish view on yields despite that sharp move higher in the latest quarter. According to the median forecast in the survey, the 10-year U.S. Treasury yield is expected to fall to 5% by year-end, then edge down to 4.9% in six months and 4.75% in one year. The report points to expectations of a pullback in yields rather than a continuation of the recent surge.

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U.S. Treasury

2026-10-07 12:12:31

Reuters survey finds bond strategists still expect U.S. Treasury yields to ease over the next year

A Reuters survey conducted from Oct. 5 to Oct. 7 found that fixed-income strategists still expect U.S. Treasury yields to decline in the coming months, even after the benchmark 10-year Treasury yield posted its biggest quarterly rise since 1994. The poll, which covered nearly 60 strategists, showed a median forecast for the 10-year yield to fall to 5.00% by year-end, 4.90% in six months, and 4.75% in one year. Even so, confidence in that call has weakened after strategists misjudged the direction of yields for nine straight months. Some respondents said financial markets may have priced in too many Federal Reserve rate hikes, with the eventual tightening path likely to come in below market expectations. Reuters also noted that inflation concerns tied to the U.S.-Israel war with Iran, higher policy rates across major central banks, heavy borrowing by technology giants for AI infrastructure, and increased U.S. Treasury issuance have all added pressure on yields and pushed government borrowing costs in several advanced economies to multi-decade highs.

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ICMA

2026-09-29 08:55:18

ICMA releases discussion paper on smart contracts in fixed-income markets

The International Capital Market Association, or ICMA, has released a new discussion paper titled "Smart Contracts and DLT-Based Fixed Income Markets: What Comes Next?" According to the Techub News brief, the paper examines the growing role of smart contracts in fixed-income markets built on distributed ledger technology, or DLT. It also looks at the challenges that still need to be addressed as this segment of the market develops. The item cites Finextra’s crypto channel as the source. No additional details on the paper’s findings or recommendations were provided in the brief, which was published by Techub News on Sept. 29, 2026.

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BlackRock

2026-09-06 22:08:06

BlackRock and JPMorgan Asset Management shift toward emerging-market local debt

BlackRock and JPMorgan Asset Management are gradually cutting exposure to U.S. fixed-income assets and adding emerging-market local-currency debt, according to a Techub report citing CryptoBriefing. Both firms see more attractive valuations in emerging-market bonds, while also targeting higher real yields. The report said BlackRock Global Fixed Income Chief Investment Officer Rick Rieder began reducing exposure to U.S. investment-grade bonds in February 2026. At JPMorgan Asset Management, Bob Michele has expressed a positive view on emerging-market local debt because of its relatively high real yields. The item also noted a separate warning from JPMorgan Chief Executive Officer Jamie Dimon, who previously said that persistent U.S. fiscal deficits and geopolitical risks could trigger a bond-market crisis. The report frames the portfolio shift as part of a broader preference for better-valued debt instruments outside the U.S. market.

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Norway sovere

2026-09-04 04:33:28

Norway Sovereign Wealth Fund Proposes to Cut U.S. Treasury Holdings by $80 Billion

Norway's $2.3 trillion sovereign wealth fund, managed by Norges Bank Investment Management, has proposed reducing the government debt weight in its benchmark bond index from 70% to 50%. This would cut global government bond allocations by about $106 billion, with the majority coming from U.S. Treasuries—an estimated $80 billion reduction. The fund also plans to increase holdings in non-government U.S. fixed-income assets while keeping UK gilt allocations unchanged and raising Japanese government bond exposure by 2.8 percentage points.

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Germany

2026-09-02 10:09:37

German 2-Year Government Bond Yield Tops 3% for First Time Since 2024

Germany's 2-year government bond yield rose above 3% on Sept. 2 for the first time since 2024, climbing about 6 basis points intraday, according to BlockBeats.

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Barclays

2026-08-28 11:48:43

Barclays: Global Bonds Still Not Cheap Enough to Buy After Selloff

Barclays said on Aug. 28 that global bonds, despite a sustained selloff, are still not cheap enough to attract buyers. Sticky inflation and governments' reluctance to cut spending continue to weigh on the market, while the forces pushing yields higher have not yet fully played out.

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