Bond Research
In-depth research on global bond markets, yield curve dynamics, and fixed income strategy.
June 2025
Global Bond Market Dashboard — Mid-Year 2025
Comprehensive overview of yield levels, curve shapes, and relative value across G7 and major EM bond markets.
Read ReportMay 2025
Credit Spread Decomposition: A Framework for Relative Value
Breaking down credit spreads into default risk, liquidity premium, and term premium components — and what that means for corporate bond positioning.
Read ReportApril 2025
Inflation-Linked Bonds: Breakevens in a Regime Shift
Analyzing TIPS breakeven rates, real yields, and inflation risk premiums as the inflation regime transitions from post-pandemic shocks to structural factors.
Read ReportMarch 2025
Emerging Market Local Currency Debt: Carry and Vulnerability
Assessing the risk-reward in EM local debt markets given diverging central bank paths, currency pressures, and fiscal dynamics.
Read Report