As Labour implements its ‘growth’ agenda, Rachel Reeves will be guided by one overarching thought. As a former Bank of England economist, she knows more than most that the formidable power of the vigilant bond market – investors intent on intimidating errant governments for their own gain – must be her guiding light. If Liz … Read more
Yields on the 10-year U.S. Treasury note are now up 21 basis points from PCE lows. It makes you wonder: What would it have looked like if Friday’s inflation numbers had been bad instead of good? Yields are now at a one-month high and rising across the curve; which helps boost the US dollar. Why? … Read more
The 10-year U.S. Treasury yield is now up 21 basis points from the PCE low, and you have to wonder: What would it look like if Friday’s inflation numbers had been bad instead of good? Yields are now at their highest levels in the past month and rising across the curve, boosting the US dollar. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A new Labor government could raise extra money for investment in the bond markets without triggering a Liz Truss-style government bond crisis, according to fund managers. Shadow Chancellor Rachel Reeves has pledged to deliver on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A senior European Central Bank official has dismissed the idea that it could buy euro zone government bonds after the announcement of snap French parliamentary elections sparked a sell-off in the country’s debt. Philip Lane, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The Bank of Japan said it would “significantly” scale back its monthly bond-buying program worth ¥6 trillion ($38 billion), a crucial milestone in winding down its ultra-loose monetary policy and trimming its expansive balance sheet. … Read more
Unlock the US Election Countdown newsletter for free The stories that matter about money and politics in the race for the White House A Donald Trump victory in the US presidential election would be more “bearish” and “disruptive” for bond markets than Joe Biden’s re-election, according to longtime fixed income investor Bill Gross. Trump’s return … Read more
Stay informed with free updates Simply log in to the Government bonds myFT Digest – delivered straight to your inbox. New York lawmakers are launching a new push to limit lawsuits by “vulture funds” against governments that default on their debts and cut the amount investors can recover through the courts on defaulted emerging market … Read more