How attractive are 6% yields?

By: Macro Strategy Team

October 2, 2026

By: Macro Strategy Team

Macro Strategy Team

Our investor behavior data has shown weak asset manager demand for longer-dated sovereign bonds across several countries for more than a year.

Higher short-term rates, inflation and deficits have been significant headwinds, but tentative signs suggest yields are reaching attractive levels. Flows into 30-year Treasuries and Gilts have recovered close to their median levels as yields have jumped toward and through 6%.

The recovery in Gilt flows is especially impressive ahead of the budget. Demand for OATs remains weak amid French budget uncertainty.

Author Bios

Macro Strategy Team

The Macro Strategy team provides cross-asset research and market intelligence across developed and emerging economies. Their expertise in FX, equities, and fixed income is complemented by proprietary indicators on investor behavior, inflation, and sentiment—turning complex data into actionable insights that help clients anticipate risks and capture opportunities.

1. Peter L. Bernstein Award for Best Article in an Institutional Investor Journal in 2013; Bernstein-Fabozzi/Jacobs-Levy Award for Outstanding Article in the Journal of Portfolio Management in 2006, 2009, 2011, 2013 (2), 2014, 2015, 2016, 2021; Graham & Dodd Scroll Award for article in the Financial Analysts Journal in 2002 and 2010. Roger F. Murray First Prize for Research Presented at the Q Group Conference in 2012, 2021, 2023. Harry M. Markowitz Award for Best Paper in the Journal of Investment Management in 2022, 2023. Doriot Award for Best Private Equity Research Paper in 2022.