[MARKET UPDATE] Fixed benchmarks continue to move lower with USTs (112-15) and Bunds (127.91) at or towards session lows; pressure which coincides with a slight pick-up in sentiment

The continuing decline in U.S.

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India's Foreign Ministry reportedly intends to remove restrictions on Chinese firms bidding for government contracts, according to sources

ECB's de Guindos says the ECB is at inflation target, but uncertainty remains very high

[MARKET UPDATE] Fixed benchmarks continue to move lower with USTs (112-15) and Bunds (127.91) at or towards session lows; pressure which coincides with a slight pick-up in sentiment

SNB Minutes: Governing Board confirmed that it remains willing to be active in the foreign exchange market as necessary; Board will continue to monitor the situation closely and adjust monetary policy if necessary

HSBC cuts its view on Chinese real estate in 2026 to "mildly positive" (prev. "bullish"), justified by stocks re-rating from lows and housing market dynamics deteriorating.

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Context

Treasuries and Bunds highlights a risk-off sentiment as investors seem to be favoring safety amid market uncertainties. This dynamic suggests a cautious tone in fixed income markets, potentially indicating adjustments in rate expectations or economic outlooks that traders should closely monitor.

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