Institutions: Bond market Fluctuation shifts from the short end to the long end

On February 19, Jinshi Data, Neuberger Berman analysts Jeff Blazek and Erik Knutzen said in a report that the Fluctuation of the bond market is shifting from the short end to the long end. The co-CIO of cross-asset strategy said that over the past three years, the Fluctuation of the bond market has been concentrated at the short end of the yield curve. This is because short-term bonds are most affected by inflation expectations and changes in policy Intrerest Rates. However, by 2025, attention to fiscal policy, long-term economic rise, and Intrerest Rate expectations has shifted to long-term bonds.