Global monetary policy shifts, and interest rate hike expectations rise in multiple countries

According to Jinshi reports, global monetary policy expectations are undergoing a significant shift, with traders betting that the monetary easing cycles of various central banks will slow down or even come to an end. Jim Reid, the head of global macro research at Deutsche Bank, pointed out that markets in an increasing number of countries have begun to price in the next interest rate move as a rate hike. Schnabel's statements have ignited market bets on the European Central Bank raising rates in 2026, and bond yields may rise further. Although U.S., European, British, and Japanese government bond yields fell slightly on Tuesday, they have overall surged significantly this month.