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
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
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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
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
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
The emerging-markets debt crisis
The emerging-markets debt crisis
Slowing global growth, surging inflation and rising interest rates are squeezing emerging economies harder than most. Are we on the brink of a major c…
30 Apr 2022
Why food and fuel subsidies will push up debt
Why food and fuel subsidies will push up debt
Many governments have adopted subsidies or tax breaks to shield households and businesses from rising food and fuel prices. But that's just causing go…
28 Apr 2022
The bond-market bloodbath isn’t over yet
The bond-market bloodbath isn’t over yet
The bond-market sell-off isn’t done by along chalk – rising interest-rates could yet push yields higher.
28 Apr 2022
The truth about market manipulation
The truth about market manipulation
Free, fair and transparent markets are a fiction. Investors need to be alert to the flaws, says Jonathan Compton.
28 Apr 2022
Why France's soaring debt is a real risk no matter who is president
Why France's soaring debt is a real risk no matter who is president
The result of France's presidential election matters less than the state of its public finances, says Matthew Lynn
24 Apr 2022
The bond bubble has burst – what comes next?
The bond bubble has burst – what comes next?
Investors in government debt have seen some of their biggest ever losses as the bond bubble bursts. John Stepek explains what’s going on and asks what…
19 Apr 2022
What the collapse in the yen and surging bond yields have in common
What the collapse in the yen and surging bond yields have in common
As bond yields surge, the Japanese yen – often seen as a “safe haven” investment – is falling in value. And that’s confusing investors. John Stepek ex…
28 Mar 2022
Yield curve fear is back
Yield curve fear is back
One of the most reliable recession indicators in markets is starting to flash red. Investors should beware
28 Mar 2022