Svmuu News According to a report by Anthony Willis, senior economist at Columbia Threadneedle Investments, financial conditions have tightened—a trend clearly visible in the global bond market, where yields are rising sharply. He noted that due to rising energy costs, market expectations indicate inflation will remain higher for longer, leading to an upward trend in bond yields across many developed markets. Willis stated that the European Central Bank is expected to raise interest rates first at its June meeting, followed by the Bank of England in July. He added: "As for the Federal Reserve, market expectations have undergone a dramatic shift this year, moving from expectations of aggressive rate cuts under new leadership to current market pricing that reflects rate hikes over the next 12 to 18 months." (Jin Shi)