Bloomberg Surveillance · Tuesday, September 8, 2026
Peter Scheer, Head of Macro Strategy at Academy Securities, expressed caution on global bonds, citing a significant supply and demand imbalance. He noted increased corporate and sovereign issuance, coupled with reduced demand from traditional buyers like Saudi Arabia, pointing to upward pressure on longer-dated yields irrespective of economic data.
“I think we're kind of very cautious on bonds and yields globally? I know Besant has talked about bond vigilantes. I don't think that has anything really to do with it. It's just the sheer amount of supply that's coming from corporate America, from sovereigns across the globe.”
“At the same time, some of the countries that used to buy a lot of our debt, like the Saudis, are now having to take out loans. They're having to spend money. So I think there's a supply and demand problem that's just going to push longer-dated yields higher, almost regardless of what the data is.”