Plus, more on emerging markets
Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat
Investors warn loosening fiscal rules or change of prime minister could add to pressure on UK borrowing costs
Europe must finally grasp the opportunity to develop the single currency as a reserve asset
Plus, gilts hit rough water
Trump administration’s push to cut regulations prompts primary dealers to facilitate more trading in government debt
Telegraphing dissent
Idea long pursued by banking sector lobbyists faces opposition from regulators
Experts disagree on what will tip us into a new shock, but national debt, AI and private credit are all strong contenders
Bonds have not been a good hedge during the war
Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers
Plus Treasuries’ declining convenience yield
The US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk
Abu Dhabi, Qatar and Kuwait avoid public markets for fundraising as Iran conflict delivers economic hit
Concerns about a full-blown supply crisis recede as Asia cuts consumption
Britain, Italy and France have borne the brunt of a sovereign debt sell-off sparked by the Iran war
The volatility of gilts is a big problem for the country and must be tackled
Commodity prices and bond yields unlikely to return to pre-conflict levels quickly
Critics say growing use of total return swaps is piling on risks for cash-strapped countries and their creditors
Government debt in UK and Eurozone on course for strongest day since 2023
None compare to the OG sovereign default
Governments and central banks are out of policy ammunition to contain the economic fallout
‘Swap’ trades by hedge funds have exploded recently
After sharp market sell-off, debt investors shift focus from inflation fears to likely damage to economies
Yields on China’s debt are down marginally since the start of the conflict while those of other major economies have risen
