Stablecoin issuers and traders are attracted by yields on offer and potential use as collateral in some derivatives transactions
There are multiple vulnerabilities and faultlines that could be ruthlessly unpicked
And the big, beautiful bill
An inconvenient truth
Investors have exited funds at fastest rate since 2020 at height of Covid pandemic
International investors’ stockpiles of US government debt fell slightly in April
Equities have much of the same qualities and don’t write off bonds quite yet
A cunning plan we don’t recommend
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
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
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
JPMorgan Chase chief calls on Trump administration to set country on better fiscal path
Encouraging banks to buy Treasuries has downsides
Ground zero for the global duration dump
Will the bond market rein in US federal spending?
Trump’s mercurial war on economic orthodoxy is making markets jittery
Worries about trade wars and a rising debt load have shaken faith in the Treasury market
Investor unease at the US’s fiscal position is growing
The return of the bond vigilantes . . . in Japan?
Stocks also slide after lacklustre $16bn auction for 20-year Treasuries
While an easing of capital rules is intended to boost banks, it could also bolster the huge bets of leveraged hedge funds
Investors say Treasury market is already at an ‘inflection point’ as fiscal worries rise
US borrowing costs climb after Moody’s credit rating downgrade
