CPRAM Bond Market Outlook - February 2025 

Every quarter, our experts decipher the news of the markets and share their analysis and outlook for the coming months.

Since November, US long rates have been trending higher with significant volatility. This situation is due to three key factors: Political uncertainties around the new Trump administration, The end of the deflation trend in the second quarter in the US and the pause announced by the Fed in its rate-cutting cycle, accompanied by a notable revision of inflation forecasts for 2025.

In this market context, discover our convictions for the next three months.