Reports are admitted only from public, source-verifiable pages. How Tlines structures a report, grouped by asset, publishing institution or topic below.
MUFG expects the 10-year JGB yield to remain below 3% in September 2026, with the BoJ likely raising rates to 1.25%. The yield is forecast to decline to 2.65% by end-FY27 and end-FY28.
The COT report for the week ending 25 August 2026 shows hedge funds cutting dollar longs after the US Treasury buyback announcement, with notable short covering in the euro, Canadian dollar, Swiss franc, and NZ dollar, while yen selling continued. Grain and…
Saxo Bank's Market Quick Take highlights a risk-off start to the week driven by a hawkish Fed Chair speech and renewed Middle East tensions. The USD strengthened, yields rose, and equities faced headwinds, while crude oil surged and gold fell. Digital asset…
UBS CIO expects limited near-term oil market impact from the US-Venezuela deal despite its strategic significance, maintains Brent at USD 85/bbl for Dec 2026 with upside risks, favors broad commodities, keeps Neutral on US energy equities, sees Fed rate hike…
Franklin Templeton's Fixed Income Research argues that US Treasury buybacks of long-term debt are ineffective without fiscal deficit reduction, and that the Fed under Chair Kevin Warsh has turned hawkish, prioritizing inflation control over supporting fiscal…
Natixis remains neutral on the long end of the UST curve, citing elevated uncertainty from the Treasury buyback program, while maintaining a bullish view on the belly (5-year) and swap spread flatteners. US inflation data was marginally hot but not…
SMBC's US Rates Strategy Weekly for August 28, 2026, discusses tariff revenue replacement, the impact of tariffs on inflation, September seasonals for Treasuries, and economic forecasts. The report expects tariff effects on inflation to ebb by year-end,…
Nomura expects further USD weakness due to subdued US inflation, FOMC rate hold, unwinding of long USD positions, and Treasury buybacks. Positive supports include foreign equity inflows and carry trades, but medium-term bearish view on USD remains.
ING Think analyzes Chair Warsh's Jackson Hole speech as net hawkish despite his stated avoidance of forward guidance. The market reaction flattened the yield curve, with the 2-year yield rising to 4.3% and hike odds for September jumping to 54%. ING remains…
Intesa Sanpaolo expects the dollar to consolidate in the near term but sees a structurally weaker dollar over the medium term, with the yen having the best appreciation potential among major currencies if BoJ normalization continues and yield differentials…
ING maintains its call for no Fed hikes this year despite mixed US data and hawkish market pricing, viewing the September FOMC as a conundrum. The dollar may find support ahead of Warsh's speech, while CAD faces further downside and AUD's gains are likely…
Invesco's Matt Brill discusses the investment grade credit market, highlighting strong corporate balance sheets, attractive all-in yields, and the impact of hyperscaler AI spending. He argues that credit markets remain diversified relative to equities, with…
UBS CIO notes that long-end Treasury yields are retreating from recent peaks due to Treasury buybacks and easing oil supply concerns, but structural forces—Fed uncertainty, AI-driven corporate debt issuance, and fiscal pressures—may keep long-term borrowing…
ING Think's latest Rates Spark report highlights mounting pressure on French OAT spreads due to political uncertainty and fiscal strain, while spillovers to other markets remain limited. The ECB's hawkish stance, persistent energy price pressures, and…
OCBC Research's daily treasury outlook for 26 August 2026 highlights a rebound in US equities supported by falling Treasury yields and lower oil prices, amid ongoing trade tensions and geopolitical risks. Key data points include weaker US new-home sales and…
PIMCO examines the U.S. Treasury's surprise decision to at least double long-end bond buybacks, interpreting it as a potential move toward becoming a 'market maker of last resort.' While buybacks may improve market functioning and reduce borrowing costs over…
ING argues that lower energy prices support risk assets and a benign dollar decline, validated by a drop in longer-dated Treasury yields. The report highlights key events (US PCE, Nvidia earnings, Jackson Hole) and maintains bullish stances on EUR/USD and…
ING Research assesses the US Treasury's long-end buyback program and its impact on the 10-year Treasury yield. The report sees the buyback as a tactical curb, not a game-changer, with underlying pressures from issuance and productivity-driven corporates…
SMBC Nikko analyzes the feasibility of the US Treasury increasing its buyback capacity by using surplus cash without issuing more bills. It estimates the Treasury could shift $100bn from its Fed account to term debt buybacks, potentially concentrating them…
OCBC's Daily Treasury Outlook highlights mixed global markets amid US sanctions on Iran and new tariffs, with tech-led equity declines and a stronger dollar. Gold rallies above $4,680/oz, while Brent settles near $92/bbl. The PBOC's liquidity operations…