Week of 5 - 9 October 2026 | Long-term yields at high levels

In this edition of Amundi's Weekly Market Directions: 

  • Long-term bond yields remain near multi-year highs across major countries, alongside increased volatility.
  • The move reflects a combination of forces:  persistent inflation in several major economies, monetary policy uncertainty, concerns about government finances, and geopolitical tensions affecting energy prices.
  • For investors, the key implication is the need for a more flexible  approach in fixed income and stronger diversification*.
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Monica Defend

Monica Defend

Head of Amundi Investment Institute

Bond yields are increasingly attractive, but volatility is likely to stay high, calling for a flexible approach to bond investing.

Monica Defend, Head of Amundi Investment Institute

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*Diversification does not guarantee a profit or protect against a loss.
 

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 12 October 2026. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
 

Date of first use: 12 October 2026

Doc ID: 6005549