Independent coverage of UK markets, FCA policy and institutional trading
On August 19, 2026, the U.S. Treasury announced that it would at least double the size of its liquidity-support buyback operations in the 10-to-20-year and 20-to-30-year maturity sectors.
Major bond markets are under pressure thanks to massive AI debt sales, fiscal woes, and inflation concerns.
Prime Minister Burnham presented UK government plans that should help ease gilt investors' concerns about political risks. For now, US rates and energy costs continue in the driver's seat, offering li…
Nasa is releasing a steady stream of stunning pictures of the Moon and Earth taken by the astronauts on its Artemis II Moon mission.
Gold prices are facing a critical test at the start of September as a renewed global bond sell-off puts pressure on non-yielding assets.
Early trading shows the Dow down around 0.3%. The S&P 500 is nearly unchanged. The Nasdaq is inching higher. This comes after yesterday’s pullback, when both the S&P 500 and Nasdaq retreated from reco…
Stocks of the largest U.S. companies plunged 10% in one week late last year and closed flat for 2015. The selloff hit investors in the high-flying market for Chinese stocks with a whopping 25% drop fr…
Russia’s full-scale invasion of Ukraine in February 2022 challenged much of the common Western understanding of Russia. How can the world better understand Russia? What are the steps forward for Weste…
Kylian Mbappe’s France continue their quest for the world title, facing Lamine Yamal’s Spain in a blockbuster semifinal.
The BoE today updated its approach to shrinking its balance sheet and the result today is a further drop in gilt yields with the 10 yr yield now down 8.5 bps. They will halt for the next 6 months its …
Equities fall for 6th time in 7 sessions bringing key downside levels closer as breadth deteriorates, oil approaches 4-year highs and long-term yields hit the highest in nearly two decades
The market spent this week chasing a different driver almost every day. Inflation refused to cool enough for the Federal Reserve to relax, Europe moved closer to another rate hike, and oil stopped tra…
1. AI selloff looks like a reset, not a regime break: The selloff is painful but still concentrated in crowded AI and tech winners, rather than showing broad recession stress, disorderly yields or an …
The Federal Open Market Committee primarily adjusts the stance of monetary policy through its target range for the federal funds rate. We discuss whether the fed funds rate remains the right operating…
Last Thursday’s Treasury buyback operation was deemed “weak” in the financial media as it bought back just $5.19 billion, less than the $6 billion investors had anticipated. A buyback succeeds only if…
The 30-year U.S. Treasury yield has touched roughly 5.3 percent in the past week, a level not seen in nearly two decades. Global counterparts in Europe, the U.K., and Japan have climbed to similar hei…
Treasury Secretary Scott Bessent is in the midst of a historic effort to tamp down long-term Treasury yields. He may also be complicating the work of his counterpart at the Federal Reserve, Chairman K…
August 5, 2026, 3:53 AM EDT.IPOs such as SpaceX and ChangXin Memory Technologies have generated worldwide interest, particularly across the tech and AI sectors. Still, with founders trying to maximize…
WASHINGTON — Citing a brighter economic outlook, the Federal Reserve raised its key short-term interest rate Wednesday but maintained its forecast for a total of three hikes this year amid still-modes…
If the Supreme Court rules President Donald Trump's International Emergency Economic Powers Act (IEEPA) tariffs are illegal, U.S. companies would not only be in line to receive tariff refunds, but als…
The bond market is getting restless. What rising yields, $40 trillion in debt, AI spending, and Scott Bessent reveal about the price of money.
U.S. Treasury Secretary Scott Bessent's plan to suppress long-term borrowing costs through larger-scale Treasury buybacks is facing an unforgiving test from the market. The Treasury Department announc…
TL;DR: The US 10-year Treasury yield broke above 4.81% to a three-year high near 4.85%, yet the Dollar Index is sitting near support instead of rallying — a divergence that suggests markets increasing…
HSBC warns the Bank of England's Thursday rate decision could deliver a hawkish split vote, with some members potentially voting for a rise, though sterling upside looks limited with 60bps already pri…