Bonds

Global yields rose on Thursday as markets around the world adjusted to central banks keeping interest rates higher for longer, with the US two-year yield briefly exceeding 5% for the first time since November.

Traders ceased fully pricing in a Fed rate cut before September after the March employment report revealed that US payrolls expanded by the most in nearly a year.

He called the January and February inflation readings "a little bit concerning," and said he needs to see more progress on prices to gain confidence that they're moving toward the Fed's 2% target.

JPMorgan Chase & Co.'s latest client survey showed that outright short positions in US Treasuries rose to the most since the start of the year in the week leading up to April 1.

Treasuries fell across the curve after data showed manufacturing unexpectedly expanded for the first time since September 2022 — while input costs climbed.

Treasuries fell across the US curve, with shorter maturities leading the way after Federal Reserve Governor Christopher Waller said he wants to see "at least a couple months of better inflation data" before cutting rates.

The global shift to a low-carbon world will be "long, hard and complex," but Barclays's commitment is unwavering.

In credit, a risk-taking ebullience has taken hold. The lowest-rated traded company debt is outgunning safer assets.

D.E. Shaw is purchasing credit-linked notes sold by banks that transfer the risk to the buyer in exchange for a coupon payment, while keeping the assets on the lender's balance sheet.

Stickier inflation and deteriorating budget estimates "could start to reverse the 40-year downtrend" of a key measure of how much bond investors are compensated for holding long-term debt.