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
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
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Yield curve
Yield curve
A yield curve shows the relationship between the yield on securities and their maturities (how long it is until they can be redeemed at their face val…
9 Mar 2022
An end to investing in Russia
An end to investing in Russia
Foreign investors have abandoned Russian markets - and index compiler MSCI could remove it altogether from its stock and bond benchmarks.
4 Mar 2022
Bond investors bet on interest-rate rises
Bond investors bet on interest-rate rises
The yield on ten-year US Treasury bonds has risen above 2% for the first time since 2019 as investors bet interest rates will continue to rise.
18 Feb 2022
Nature is healing – government bond yields are turning positive again
Nature is healing – government bond yields are turning positive again
Negative bond yields are finally coming to an end as central banks change tack. But can the markets cope? John Stepek looks at what might come next.
4 Feb 2022
Bank of England raises interest rates to 0.5% and stops money-printing programme
Bank of England raises interest rates to 0.5% and stops money-printing programme
The Bank of England has raised the key UK interest rate again – by a quarter of a percentage point to 0.5%. It's also going to cut back on its quantit…
3 Feb 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks teeter as US Treasury bond yields rise
The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Interest rates might rise faster than expected – what does that mean for your money?
The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022
I wish I knew what a bond was, but I’m too embarrassed to ask
I wish I knew what a bond was, but I’m too embarrassed to ask
When thinking of investing many people automatically think of the stockmarket. But there is another market – the bond market. So what exactly is a bon…
7 Dec 2021
Index-linked bonds could prove a costly inflation hedge
Index-linked bonds could prove a costly inflation hedge
Index-linked bonds are designed to keep pace with inflation, but at these prices you are locking in a loss
29 Nov 2021
The charts that matter: the US dollar keeps on strengthening
The charts that matter: the US dollar keeps on strengthening
The US dollar saw further rises this week as gold and cryptocurrencies sold off. Here’s how that has affected the charts that matter most to the globa…
27 Nov 2021
The investments to buy when markets start to crack
The investments to buy when markets start to crack
Rising inflation has central bankers between a rock and a hard place. Here’s how to protect your wealth, says Philip Pilkington.
26 Nov 2021
Two debt-focused funds that pay good dividends
Two debt-focused funds that pay good dividends
TwentyFour Asset Management’s two debt-focused investment trusts are producing healthy payouts
22 Nov 2021
Rising inflation puts central banks’ credibility at stake
Rising inflation puts central banks’ credibility at stake
Central banks are running out of excuses for not raising interest rates as inflation soars.
19 Nov 2021
Are investors doomed?
Are investors doomed?
Bearish sentiment is rife in the equity markets. And there are plenty of good reasons for that. But the biggest risk of all may be of a bond market cr…
3 Nov 2021
Green finance is set to be the most powerful financial repression tool yet
Green finance is set to be the most powerful financial repression tool yet
The government has launched its “green savings bond” that offers investors just 0.65%. But that pitiful return is in many ways the point of “green” fi…
22 Oct 2021