Recent developments indicate that international bond markets are under significant pressure due to expectations of rate hikes by central banks and various liquidity concerns, particularly with illiquid corporate bonds in Germany. Despite these challenges, there are positive signals, such as a credit rating upgrade for Ivory Coast bonds and increasing interest in emerging markets debt, which highlight a diverse investment landscape. Foreign bonds are noted for their expected outperformance against U.S. fixed income, reflecting a shift in investor sentiment and strategy. Overall, the market remains cautious amid discussions of restructuring and debt risks. The price action of International Bonds (BNDX) asset class is shaped by numerous forces, ranging from broad macroeconomic trends to asset-specific performance and market structure. The trend sentiment at -0.7 is bearish. The market sentiment at 0.4 is modestly bullish. Trend sentiment measures the current trend of the stock price, and market sentiment reflects what market participants collectively think where the price will move next.There is no clear direction for BNDX since trend sentiment and market sentiment are at the opposite directions. The positive sentiment force for sector is at 0.6, and the negative at -0.2 on 2025-12-20. The forces of Asset Sentiment (1.5), Price Level Sentiment (1), and Option Sentiment (0) will drive up the price. The forces of and Asset Price Trend (-0.7) will drive down the price. The sentiment for Asset Price Trend is calculated based on BNDX trend. The sentiment for Option Speculation is calculated from put/call ratio. Price Level sentiment is positive when oversold, and negative when overbought. Asset Sentiment scores are extracted from headlines and market commentary. All sentiment scores are normalized on a -10 - +10 scale. The price level reaches 100 at Bollinger upper band, and zero at lower band.

BNDX
Date	Attention	Price	Price Level	Change	10 Day Trend	Trend Sentiment	Hourly Trend	Hourly StdDev	Market Sentiment	Action	P	Asset Sentiment	News Sentiment
2025-12-20	1%(0.6%)					-0.7	0%		0.5			1.5	-8
2025-12-19	1%(0.6%)	48.23	-24	-0.23%	-0.41%	-0.7	0%	0.8%	0.9	Wait	50%	1.5	3
2025-12-18	1%(0.4%)	48.34	-39	-1.95%	-0.2%	-0.8	-0.2%	1%	1.1	Wait	50%	2.1	1.5