Here’s what the “safe” side of the market was secretly up to this week 👇

🔹 1. US Treasuries: Yields Took a Mini Nap

• Yields slipped 5–10 bps because the market thinks the Fed might finally chill in 2025.
• Auctions went smooth → everyone still loves Uncle Sam’s IOUs.

🔹 2. Corporate Bonds: Quiet Flex

• Investment-grade spreads tightened (AKA: “top companies still look solid”).
• High-yield didn’t move much — no panic, no party.

🔹 3. Global Bonds: Copy-Paste Mode

• EU & UK yields drifted lower → following the US like good friends.
• Japan’s JGBs did what they always do: nothing dramatic.

🔹 4. India: Calm & Collected

• 10Y stayed in its comfort zone.
• Foreign investors still nibbling ahead of India’s entry into global indices.
• RBI vibes? Neutral to slightly supportive.

🔹 5. Inflation: Cooling = Happy Bonds

• US inflation came in softer → yields dropped.
• Oil prices cooled → bond traders smiled quietly.

🧠 Overall Mood:

“Not exciting, but definitely improving.”
Bonds got a tiny win this week as yields eased and inflation behaved.