Guy Weymeschkirch

LuxXPrime bond yields rose through most of the first half of 2026, then split apart in June. The move was mostly global – with higher inflation, central banks leaning toward rate rises, and an oil shock from the Middle East. When a ceasefire pulled oil back down in June, euro and dollar yields parted ways: euro yields eased even as the ECB raised rates, while dollar yields kept climbing. The short end moved most.

When buying or selling a bond, the gap between the price available to buy and price available to sell – known as the bid-ask spread – represents the real cost of trading. The tighter the spread, the lower the cost of entering or exiting a position. For fixed income investors, that gap matters as much as the yield itself.