President Trump’s renewed broadside against the Fed chair yesterday helped push stocks, bonds, and the dollar lower, as gold rose to a record high. Ultimately, it may serve President Trump…
Last week’s sharp move higher in US bond yields was indicative of the risks that are developing in markets. They prompted a cascade of commentary on ‘Treasury basis trades’, ‘swap…
Successive administrations have repeatedly delayed the necessary changes, and short-term pain, required to get a grip on the public finances. Tariffs are one policy tool that could, if implemented correctly,…
