With the exception of Russia’s invasion of Ukraine, big swings in oil have been driven by broader geoeconomic trends
Policymakers to decide on how to proceed with tapering of massive bond-buying programme
Equities have much of the same qualities and don’t write off bonds quite yet
Italy, Spain and Greece have emerged as the unlikely winners from this year’s bond market ructions
A cunning plan we don’t recommend
QT stays in the the MPC’s hands… for now
Health and defence will receive a bump, but other departments face a further squeeze
Eurozone’s former crisis spots have shaken off concerns over rising debt levels as investors bet on fiscal co-operation
Their credibility is strong, the spillovers are small and financial conditions are improving
Investors are likely to seek a higher risk premium for British assets
QTful ones
State and local governments worry credit for big projects could be used to offset cost of Donald Trump’s ‘big, beautiful bill’
Planned issuance also includes debt in Europe and will test investor appetite amid concerns over government policies
For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt
Foreigners have recently been the only major buyers of the country’s longer-term government debt
Wall Street titans increasingly voicing concerns over mounting debt due to government spending
Despite past criticism by Scott Bessent and Stephen Miran, the debt strategy persists and is spreading internationally
Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable
Trump administration official seeks to assuage growing investor concern over the country’s public finances
Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds
Fiscal worries and demographic changes knock demand for super-long bonds
JPMorgan Chase chief calls on Trump administration to set country on better fiscal path
Default will not have wider implications for country’s bonds
Encouraging banks to buy Treasuries has downsides
In a number of key markets, investors are losing patience with governments still wanting to borrow like there’s no tomorrow
