Key delayed U.S. data on jobs and inflation will be closely watched as investors gauge how much further the Federal Reserve is likely to cut interest rates.

Yields on a Bloomberg gauge of long-dated government bonds have returned to 16-year highs, with money market bets underscoring that sentiment. Traders are now pricing virtually no more rate cuts from the European Central Bank, while betting on an all-but-certain hike this month in Japan and two quarter-point increases next year in Australia.

The spread between high-yield and AAA-rated municipal bonds currently sits near 1.66%, modestly above the four-year average of roughly 1.56%. This mild widening points to valuations that remain balanced, offering incremental yield advantage without suggesting any credit stress.

The Vanguard High-Yield Active ETF ( VGHY +0.51%) is a surprise entrant into the Vanguard lineup, given its decades-long conservative investment philosophy. Nonetheless, Vanguard is in the junk bond business, and that shapes up nicely for 2026.

Another day, another milestone for Japan's bond markets, where borrowing costs keep marching higher. It comes just a few days after rising Japanese yields rumbled through global markets. The 10-year government-bond yield settled at 1.

By Dharamraj Dhutia MUMBAI, Dec 12 (Reuters) - India's overnight index swaps and government bond yields have climbed in the past week despite the central bank's recent rate cut and liquidity injection,

A rapid jump in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers.

The Federal Reserve is expected to cut its key interest rate by 25 basis points on Wednesday. But should it? Former Kansas City Fed President Esther George said she wouldn’t. “This is a time to be very cautious,