Bonds in an uncertain world

The global bond market is being challenged. After a sharp rise in yields in late 2024, markets have seen a reversal. Fulcrum’s advanced modelling framework sheds light on the interplay between expected interest rates and term premia, explaining how shifting sentiment, slowing growth, and fiscal uncertainty are changing the outlook for fixed income markets. At the same time, long-term structural forces are reshaping the future investment landscape. Central banks decisions, fiscal pressures, and global demand for government bonds are all affecting the market. Learn more about the forces...