The bond vigilantes who could punish Britain's debt binge
Huge borrowing bill leaves country at the mercy of the 'kindness of strangers'
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Huge borrowing bill leaves country at the mercy of the 'kindness of strangers'
The sharp swings in the market create the conditions for the appropriation of large amounts of money but also for significant losses for those on the wrong side.
Issuance in the US and UK, to name just two, is this year expected to soar to the highest level on record, except for the early stages of the COVID-19 pandemic.
Federal Reserve Chairman Jerome Powell in the past week gave investors "chilling" in short-term Treasury bills a reason to consider pivoting to something else.
Federal Reserve Chairman Jerome Powell in the past week gave investors "chilling" in short-term Treasury bills a reason to consider pivoting to something else.