The world enters a super central bank week; bond traders will look for sell signals from policymakers' statements.

Golden Finance reports that on April 27, several of the world’s most important central banks may this week give investors new reasons to sell government bonds, as policymakers have no choice but to face the risk of inflation shocks triggered by war. The Federal Reserve, the European Central Bank, and the central banks of Japan, the United Kingdom, and Canada will all announce interest-rate decisions, meaning the G7 will each see policy decisions that will affect economies representing nearly half of the global economy.
Although investors expect these central banks to keep interest rates unchanged, the market remains on guard against signals from officials such as Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde—for example, concerns that the US-Iran conflict will cause the oil supply to face the largest disruption in history, raising fears about inflation threats. If any concerns or speculations arise that suggest policy may tighten in the coming months, it could have a negative impact on government bonds.
In recent weeks, as traders appear to have already shifted their focus away from the war, stock markets and credit markets have risen, but government bonds have underperformed other assets. The Bank of Japan will hold a meeting on Tuesday, the Federal Reserve and the Bank of Canada will hold meetings on Wednesday, and the European Central Bank and the Bank of England will meet on Thursday. (Sina Finance)