The Rachel Reeves leadership of the Treasury is fundamentally little different from that of her more recent predecessors. Jeremy Hunt, Rushi Sunak, Sajid Javid, Philip Hammond, Nadhim Zahawi and Kwasi…
The relentless pressure on JGBs this year has been pinned on the persistent overshoot of inflation. Careful what you wish for: years of fighting deflation has perhaps blinded the Bank…
The split between US President Donald Trump and technology leader Elon Musk will cause Republicans huge problems. Mr Musk may not be everyone’s cup of tea. But on one critical…
The BoJ is considering slowing the pace of tapering of its bond purchases next fiscal year, in response to the recent selloff and heightened volatility in superlong JGBs. Super-long JGB…
The election of Margaret Thatcher to leader of the Conservative party in 1975 ushered in a golden era of conviction politicians. Difficult decisions to control public sector borrowing became the…
Long-term UK government borrowing costs are holding close to secular highs, as pressures on the budget deficit continue to grow. The DMO is shifting to shorter-term borrowing in response. Tax…
Trump’s ‘big, beautiful bill’ has made its way through the House and will now move onto the Senate. The eventual passage of this bill would mark an unprecedented act of…
