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There’s a lot going on in the Treasury market right now, and none of it is good. Liberation Day seems to have morphed into Liquidation Day. You might have seen terms like “off the runs”, “basis trades”, “swap spreads” and “omg are we going to die” bandied about over the past few days (including here…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world China will levy an additional 50 per cent tariff on US goods on top of 34 per cent already announced, a tit-for-tat retaliation against US President Donald Trump’s tariffs in the escalating trade…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the scramble to figure out how exactly “Liberation Day” is going to upend global trade, nuclear errors may occur. Economists at the Federal Reserve Bank of Richmond released a great chart (covered in mainFT)…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As stock markets crashed amid the trade war, Scott Bessent, US Treasury secretary, tried to soothe frazzled investor nerves last weekend. “Most Americans in a 401(k) [retirement plan] have what’s called a 60/40 account . . . they are…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In Siem Reap airport, your eyes don’t know whether to settle on the handsome vaulted ceiling or what must be the world’s most polished floor. How did Cambodia, not long ago one of…
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The European Central Bank faces an economic environment in which “some of the worst-case scenarios that we had identified are materialising”, according to José Luis Escrivá, governor of the Bank of Spain and a member…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Delta Air Lines has pulled its guidance for record profits this year, blaming “a lack of economic clarity” about the fallout from President Donald Trump’s sweeping tariffs, as major US businesses weigh the damage from…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Treasuries sold off on Wednesday as President Donald Trump’s tariffs took effect, deepening investor concern about the “safe haven” status of US sovereign debt. The 10-year US Treasury yield jumped to 4.51 per cent before…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s Starlink is in a fight with Canada’s top telecoms group over accessing millions of dollars in subsidies, as the country’s growing anti-US sentiment puts the billionaire’s satellite business under further scrutiny. Bell and…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Prices of leather goods, clothing, furniture and consumer electronics are expected to increase sharply for US households in the coming months because the country relies heavily on imports from nations targeted by Donald…
