Government bonds

Governments will sink in a world drowning in debt
MoneyWeek cover illustration
Global Economy

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
Christine Lagarde
EU Economy

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
Andrew Bailey, governor of the Bank of England
Global Economy

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
euro sculpture outside the ECB in Frankfurt
EU Economy

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
IMF Managing Director Kristalina Georgieva
Emerging markets

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
The bond-market bloodbath isn’t over yet
Government bonds

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
Investment strategy

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
Cover of MoneyWeek magazine issue no 1022, Friday 23 October 2020

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Why France's soaring debt is a real risk no matter who is president
EU Economy

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?
Government bonds

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
Government bonds

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
Government bonds

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
Yield curve
Government bonds

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
European stockmarkets

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
Government bonds

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
Government bonds

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
UK Economy

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

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?
Global Economy

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
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
Government bonds

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
Economy

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
Investment strategy

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