Fixed Income Trading

30-year U.S. Treasury yields have broken above 5% and UK gilt yields have hit their highest levels since the 1990s, signaling a synchronized global bond market selloff. Persistent inflation driven by the Iran conflict and tariff uncertainty—compounding $857 in added annual gasoline costs for American households—is colliding with record sovereign debt loads and an impending Fed leadership transition. Diplomatic progress from the Trump-Xi summit and U.S.-China tariff reductions provides partial re

30-year Treasury yields have crossed 5% and UK gilts are trading at levels last seen in the 1990s, signaling a structural inflation regime rather than a cyclical episode. CPI holds at 3.8% with services inflation above 3% annually, compounded by the Iran war adding $857 to Americans' average gasoline costs in 2026. Jerome Powell's departure has created a Fed leadership vacuum that amplifies market uncertainty at the worst possible moment.