• April 20 2026
  Risk Management: Financial Institutions

  What will drag the financial system into another crisis?

  Experts disagree on what will tip us into a new shock, but national debt, AI and private credit are all strong contenders

  
• April 18 2026
  Markets

  Chart of the Week: Are Treasuries losing their haven status?

  Bonds have not been a good hedge during the war

  Hakyung Kim

  
• April 17 2026
  Foreign exchange

  US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

  Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers

  
• April 17 2026
  Markets

  What kind of rally is this?

  Plus Treasuries’ declining convenience yield

  Robert Armstrong

  Premium content

  
• April 17 2026
  FT News Briefing podcast12 min listen

  Fresh challenge for US Treasuries dominance

  The US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

  
• April 3 2026
  Sovereign debt

  What’s going on with dollar debt?

  ‘Swap’ trades by hedge funds have exploded recently

  Gillian Tett

  
• April 3 2026
  Sovereign bonds

  Fund managers snap up bonds on growth threat from Iran war

  After sharp market sell-off, debt investors shift focus from inflation fears to likely damage to economies

  
• March 31 2026
  Foreign exchange

  Foreign central banks sell US Treasuries in wake of Iran war

  International official holdings at New York Federal Reserve fall to lowest level since 2012

  
• March 26 2026
  Middle East war

  US bond market shows signs of strain as Iran war sparks Treasury tumult

  Ease of trading in world’s most important debt has worsened in recent weeks, banks and investors say

  
• March 24 2026
  US interest rates

  Iran war sends US borrowing costs soaring by most since 2024

  Treasury yields jump in March as investors fret Middle East crisis will ignite fresh burst of inflation

  
• March 23 2026
  Markets

  Markets rebound after Trump postpones attack on Iranian energy

  Stocks reverse losses and oil tumbles after US president says there have been ‘constructive’ talks with Tehran

  
• March 9 2026
  Global Economy

  Iran war will leave a complex geoeconomic legacy

  Markets suggest the ramifications are likely to drag on and spread

  Rana Foroohar

  
• March 6 2026
  Sovereign bonds

  Global bonds suffer one of worst routs in years

  Debt markets head for worst week in more than a year after energy price surge sparks inflation fears

  
• February 27 2026
  Markets

  Global stock discounts vs US stock discounts

  Plus the fall in Treasury yields

  Robert Armstrong

  Premium content

  
• February 26 2026
  Federal Reserve

  A new Fed-Treasury accord is already under way

  The Federal Reserve is flipping its mortgage bonds into shorter-term government bills, which the Treasury plans to issue more of

  
• February 24 2026
  Chinese economy

  China is not dumping US Treasuries

  Ignore the amateur geopolitical strategists talking eloquently about the end of dollar dominance

  Brad Setser

  
• February 21 2026
  Markets

  The haven asset status of US Treasuries is eroding

  Trump has come close to exploding one of the great myths of the investment world

  John Plender

  
• February 13 2026
  US equities

  US stocks fall sharply as tech sell-off resumes

  Gold and silver also drop while Treasuries rally

  
• February 4 2026
  Sovereign bonds

  The Treasury market is treading in dangerous waters

  Bank balance sheets lack capacity to intermediate the surging amount of trading in the US government bonds

  Manmohan Singh

  
• February 3 2026
  Sovereign debt

  Alphaville. The real European financial threat to America

  An uncoordinated, decentralised and gradual buyers’ strike is the actual danger 

  
• January 31 2026
  Federal Reserve

  Warsh’s desire to shrink Fed’s balance sheet sets up clash with Trump, say investors

  Long-term yields ticked up after president nominated former governor to lead US central bank

  
• January 28 2026
  Federal Reserve

  Federal Reserve signals no rush to cut rates as economy powers ahead

  Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’

  
• January 23 2026
  Corporate bonds

  US investment-grade credit spreads reach lowest level this century

  Investor appetite for blue-chip debt remains strong despite a choppy week for stocks triggered by Trump’s tariff threats

  
• January 20 2026
  Greenland

  Treasuries could be Europe’s best defence for Greenland

  The region’s vast holdings of US government debt give it leverage with the Trump administration

  Rebecca Patterson

  
• January 14 2026
  Gilts

  UK borrowing costs fall to lowest in more than a year

  Rate cut bets and easing tensions over government borrowing fuel gilts rally