Global Bond Yields
The Great Convergence: Why Investors are Ditching the 'US-Only' Playbook as Global Yields Surge
As of December 19, 2025, the era of American exceptionalism in fixed-income markets is facing its sternest test in decades. For years, the global financial narrative was dictated almost exclusively by the U.S. Federal Reserve, with investors hanging on every word from Washington. However, a "great convergence"