The most interesting thing for you
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…
<!–> Los Angeles Dodgers manager Dave Roberts says has not detected anxiety or frustration from Shohei Ohtani as the two-way star goes through the rehabilitation process as a pitcher from his second elbow operation. Ohtani said after Monday’s 6-4 loss to Washington that he has been limited to throwing fastballs during the two bullpen sessions…
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…
Henry McKenna NFL Reporter <!–> MIAMI — Brooks Koepka finally got home to West Palm Beach at 12:30 a.m. It was April 10, 2023. And thank goodness, because that meant it wasn’t April 9, the date Koepka blew the lead at The Masters. At least, that’s what you might guess Koepka was thinking. But Koepka…
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…
Analysis Trump and Xi Are in a Tariff Trap Neither wants to back down—and neither knows how. By Craig Singleton, a senior China fellow at the Foundation for Defense of Democracies. U.S. President Donald Trump reads the New York Post as he arrives at Trump National Golf Club in Jupiter, Florida, on April 5. U.S….
