Saxo Market Call The 800 pound long bond gorilla remains in the room
10 snips
Sep 3, 2025 Discover the unsettling impact of rising 30-year yields on sovereign debt markets and global sentiment. Unpack the mixed reactions across currencies as market players wrestle with the reliability of labor data. Explore the fallout from recent sell-offs in U.S. and European markets, linked to poor earnings and Google's antitrust news. Delve into currency volatility tied to national debt sustainability and the implications for precious metals. Finally, analyze how political upheavals and economic indicators shape market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Long Yields Driving Risk-Off
- Long sovereign yields rising in multiple countries likely sparked the recent risk-off move in equities.
- Japan, UK, Germany and France hit multi-year 30-year yield highs that spilled into sentiment.
30-Year Yields Reaching New Cycle Highs
- Very long yields in several countries accelerated and hit cycle highs, unnerving markets.
- U.S. 30-year touched 5% and European 30-year yields reached post-2011/2009 highs.
Watch Big Tech Triggers
- Monitor big tech earnings and antitrust developments for market sentiment shifts.
- Watch Google's antitrust outcome and its technical chart because it can sway broader risk appetite.