Quantum-kinetic theory of spin-transfer torque and magnon-assisted transport in nanoscale magnetic junctions

We theoretically investigate the role of spin fluctuations in charge transport through a magnetic junction. Motivated by recent experiments that measure a nonlinear dependence of the current on electrical bias, we develop a systematic understanding of the interplay of charge and spin dynamics in nanoscale magnetic junctions. Our model captures two distinct features arising from these fluctuations: magnon-assisted transport and the effect of spin-transfer torque on the magnetoconductance. The latter stems from magnetic misalignment in the junction induced by spin-current fluctuations. As the temperature is lowered, inelastic quantum scattering takes over thermal fluctuations, exhibiting signatures that make it readily distinguishable from magnon-assisted transport.