The bond market has given a clear verdict on the new UK Government’s tax cuts and borrowing spree. The losses on Gilts have been outsized against a backdrop of a…
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An earnings warning and withdrawal of full-year guidance sent shares of FedEx plummeting on Friday (-21.4%). That the global economy is slowing is not news, nor is the normalisation of…
There are many crosswinds impacting on the direction of global sovereign bond yields. Persistent services inflation in the US and a very tight labour market (initial claims have fallen back…
The recent spike in the 30-year Gilt yield may be instructive: the pressure on bond markets, where governments are not controlling their borrowing, is rising. The signalling mechanism is critical…
