Federal Reserve hikes interest rates to 4%
Federal Reserve hikes interest rates to 4%
The Federal Reserve continues its battle with inflation with another bumper interest rate hike.
3 Nov 2022
What are Gilts and why should you care about them?
What are Gilts and why should you care about them?
Gilts have been in the news a lot recently, but not everyone understands why these assets are so vital to the UK economy.
24 Oct 2022
What next for stocks as bonds crash?
What next for stocks as bonds crash?
Despite the slump in prices, UK government bonds remain too expensive. Stocks are much better value, says Max King.
20 Oct 2022
LDI: another financial fix has backfired
LDI: another financial fix has backfired
Liability-driven investment (LDI) has become the latest widely touted investment product to go horribly wrong, says Max King.
7 Oct 2022
LDI: the “doom loop” in the bond market
LDI: the “doom loop” in the bond market
LDI – an investment strategy used by defined-benefit pension funds – was at the centre of last week’s panic in gilts. What exactly happened, and how w…
7 Oct 2022
Bank of England spends £65bn to “restore orderly market conditions”
Bank of England spends £65bn to “restore orderly market conditions”
The Bank of England has said it will spend £65bn buying bonds to stabilise the financial markets after the government’s mini-Budget. Saloni Sardana ex…
29 Sep 2022
The end of cheap money hits the markets
The end of cheap money hits the markets
Markets have swooned as central banks raise interest rates, leaving the era of cheap money behind.
28 Sep 2022
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What the return of the bond vigilantes means for investors
What the return of the bond vigilantes means for investors
The US Federal Reserve is dancing to the tune of the bond vigilantes, says Max King. Here’s what that means for stockmarket investors, the economy, an…
6 Sep 2022
A retail bond for income investors with a 6.5% yield
A retail bond for income investors with a 6.5% yield
This new issue from LendInvest could be attractive to income seekers willing to take some risk.
29 Jul 2022
Will the euro crisis flare up again?
Will the euro crisis flare up again?
With Italy’s borrowing costs rising quickly, and inflation climbing, the European Central Bank has unveiled a new tool to help indebted states. Is it …
28 Jul 2022
The wolf returns to the eurozone’s door
The wolf returns to the eurozone’s door
The eurozone’s intrinsic flaws have been exposed again as investors’ fears about Italy’s ability to pay its debt sends bond yields soaring.
28 Jul 2022
The bear market in bonds isn’t all bad news
The bear market in bonds isn’t all bad news
The rise in bond yields and the fall in bond prices can be a good thing or bad thing. Bad for bondholders, but good for many risk-averse pensioners an…
21 Jul 2022
The junk-bond bubble bursts
The junk-bond bubble bursts
Yields in the US high-yield bond market (AKA junk bonds) have soared to more than 8% since the start of the year as prices collapse.
20 Jul 2022
How can you tell if the market is overvalued?
How can you tell if the market is overvalued?
There are plenty of ways to value markets, says Max King, but nothing is infallible. Every ratio and calculation needs to be taken with a large pinch …
12 Jul 2022
The highest-yielding Pibs and preference shares
The highest-yielding Pibs and preference shares
As well as ordinary shares, companies and other institutions issue preference shares and permanent interest-bearing shares (Pibs), which act more like…
7 Jul 2022
Market crash: have we hit bottom or is there worse to come?
Market crash: have we hit bottom or is there worse to come?
For a little while, markets looked like they were about to embark on a full-on crash. And that could still happen, says Dominic Frisby. Today, he look…
27 Jun 2022
Governments will sink in a world drowning in debt
Governments will sink in a world drowning in debt
Rising interest rates and soaring inflation will leave many governments with unsustainable debts. Get set for a wave of sovereign defaults, says Jonat…
23 Jun 2022
A new headache for the ECB
A new headache for the ECB
Italy, the eurozone’s third-largest economy, has debt of €2.759trn – almost 150% of GDP. A crisis there would pose an existential risk to the euro.
22 Jun 2022
How will the crash of 2022 play out?
How will the crash of 2022 play out?
Stocks, bonds, cryptocurrencies – everything is crashing at the same time. We’ve seen these kinds of multiple collapses before, says Merryn Somerset W…
20 Jun 2022
Central banks are divided – so prepare for more turbulence
Central banks are divided – so prepare for more turbulence
Central banks no longer agree on interest rates. The US is raising aggressively, while the UK is taking a more cautious approach and Japan is sticking…
17 Jun 2022
ECB set to raise interest rates as stagflation beckons
ECB set to raise interest rates as stagflation beckons
With inflation at 8.1% and economic growth at just 0.3%, the eurozone is on the brink of stagflation. To combat it the European Central Bank is to st…
8 Jun 2022
Everything is collapsing at once – here’s what to do about it
Everything is collapsing at once – here’s what to do about it
Equity and bond markets are crashing, while inflation destroys the value of cash. Merryn Somerset Webb looks at where investors can turn to protect th…
23 May 2022