Market Minute – Rates and bonds June 2026

May saw G7 government bond yields rise to levels not seen for around 20 years. Elevated energy prices and increasing deglobalisation trends are once again giving rise to inflation fears. At the same time, persistently high government deficits and uncertainty about the Fed’s future monetary policy direction are continuing to drive up maturity premiums.

We take a look back at developments on interest rate and bond markets in May, as well as turn to market expectations for the months ahead. Read the views of our experts in the latest edition of “Market Minute”.