Inflation is falling but interest rates are going to stay higher for longer. Way longer.
Even with the recent partial retreat in long-term real and nominal interest rates, they remain well above the ultra-low levels to which policymakers had grown...
Moody's Downgrades China's Credit Outlook to Negative Amid Economic Concerns
China faces a significant financial time bomb risk due to its banking system’s exposure to a substantial amount of hidden debt, accumulated by cities and...
Wall Street Loves Washington’s New Debt Approach—for Now
Updated Nov. 16, 2023 4:04 pm ET Swelling deficits and weak investor appetite for long-term U.S. debt are pushing the Treasury Department to get more...
The $2 Trillion Interest Bill That’s Hitting Governments
Updated Nov. 15, 2023 12:07 am ET Listen to article (2 minutes) The world spent the past decade-plus taking advantage of rock-bottom interest rates to...
A wall of debt rolling over: Here’s what’s scaring Bridgewater’s co-CIO
A weak session is setting up for Tuesday, with oil under pressure after unexpectedly downbeat China export data. So the preference is for bonds this...
Government Bubble Bust: Treasury Bond Investors Have Been Taking a Historic Beating
Long-term bond investors are increasingly reluctant to lend to the U.S. government, possibly due to its excessive borrowing. Despite facing significant market losses, political discussions...
The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
Bond Selloff Jeopardizes Hopes for Soft Economic Landing
Growth prospects and concerns over mounting government debt are driving long-term interest rates to a 16-year high, threatening economic stability. The Federal Reserve’s attempts to...
Bill Ackman says Treasury yields are going higher in a hurry, and that investors should shun U.S. government debt
Bill Ackman has had a good summer, with his bet on 30-year Treasury bonds paying off in dramatic fashion over the past few weeks. In...
High Government Debt Levels Are Here to Stay. Why It Matters.
An electronic billboard at a bus shelter in Washington, D.C., displays the national debt. It topped $32.3 trillion in early July, and $32.9 trillion on...