Government bonds

Ten years on, the debt bubble is bigger than ever

Ten years after a financial crisis caused by too much debt, the world has an even higher debt load.

Is the yield curve about to flip?

If the yield curve reverses and investors are willing to accept lower rates on long-term debt than short-term, it bodes ill for the economy, says John Stepek.

When Ben Bernanke says “don’t worry”, smart investors get nervous

The “inverted yield curve” is an unusually reliable indicator of impending recession. Ben Bernanke, former Fed chairman, thinks it’s nothing to worry about. He’s wrong, says John Stepek. Here’s why.

Italy is testing Mario Draghi to step in and do “whatever it takes”

The Greek debt crisis was contained because the ECB vowed to do “whatever it takes” to backstop things. John Stepek asks if it’s prepared to do the same with Italy.

This could be the end of the longest-running trend in your financial lifetime

The decades-long bond bull market could well be over. But it won’t end quietly. Investment strategies that have worked for years, no longer will. John Stepek explains what happens next.

Investors rush for the exits in Argentina

Last summer, investors were happy to snap up Argentina’s 100-year government bond despite continual political turbulence and a lousy credit history. Now, they can’t find the exit door fast enough.

Argentina’s woes show that faith alone will no longer prop up markets

Argentina’s currency is collapsing, just a year after its government borrowed billions on the debt markets. John Stepek looks at what we can learn from Argentina’s fall from grace.

Bond yields give mixed messages

The gap between the yield on US ten-year Treasury bonds and the yield on two-year bonds is a mere 0.5 – the narrowest it’s been since 2007. What should we make of this?

How to bet on falling bonds

You can profit as the bond bull turns, says John Stepek. But be careful you don’t get trampled.

Bill Gross: a turning point for bonds

Bill Gross of Janus Henderson reckons we’ve seen the turning point in bonds as the 35-year bear market “is starting to come out of hibernation”.

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How gilts work and why they matter

Ed Bowsher takes a look at UK government bonds – how they work, why they are important, and whether you should invest in them.