Explainer
The bond sell-off, explained
The benchmark 10-year US Treasury yield jumped back to 5.0 per cent after the Federal Reserve's hawkish rate rise, handing heavy duration losses to portfolios around the world.
The Fed hikes, and its chair skips the dot plot
The Federal Open Market Committee raised the federal funds rate by 25 basis points to 3.75–4.00 per cent on 18 September.
The rate hike the Fed can't avoid
Rising costs threaten company profits
The producer price index rose 0.4 per cent in August from July, and core wholesale prices rose 0.2 per cent.
The 10-year hits 5.1%, its highest since 2007
The benchmark 10-year US Treasury yield rose to 5.104 per cent on 25 September, its highest since the summer of 2007, just before the global financial crisis.
The 10-year nears 5% as oil nears $100
Special Report
Labor Day: Hiring is strong enough to worry the Fed
The August employment report, landing just before Labor Day, showed an American jobs market in fine health.
Special Report
Anniversary: Four years, 500 pieces
This column turns four this month, with exactly 500 essays published since its launch in September 2022.
Blowout jobs, tighter Fed
Non-farm payrolls for August came in far above every Wall Street forecast.
World
Trump dusts off a 1930 law to hit Canada
The administration imposed an immediate 50 per cent tariff on imports from Canada on 19 August, using Section 338 of the Tariff Act of 1930.
Long-term rates climb as Iran talks stall
Hormuz reopens, on paper
Iran closes the strait again
Three ways the Hormuz crisis could end
Business
What company filings say about tariff risk
Second-quarter 10-Q filings from across the Fortune 500 split companies into two groups.
Which companies can pass on higher costs
The peace deal collapses, and oil jumps
The tariff refund boost to earnings
Proving your supply chain is clean will cost you
U.S.
What Americans now pay in tariffs
Under the new Section 301 regime, the average tariff paid on goods entering America has settled into two tiers, according to a detailed review of federal trade policy.
America's emergency oil is running out
The refunds that will add to America's borrowing
Black Friday: Buy now, get a refund later?
Thanksgiving: Beef, tariffs and the holiday table
Politics
What company filings say about tariff risk
Second-quarter 10-Q filings from across the Fortune 500 split companies into two groups.
Trump dusts off a 1930 law to hit Canada
What Americans now pay in tariffs
One tariff ends, another begins
Tariff refunds mean more government borrowing
Economy
Is the oil shock turning into wage inflation?
Headline consumer price inflation rose to 3.4 per cent in July, pushed up by hundred-dollar crude.
The market bets on a Warsh hike
Three Fed officials want a hike
One tariff ends, another begins
Is it oil or tariffs pushing prices up?
Tech
AI is coming for software companies
Enterprise software stocks crashed in early February, and specialist software ETFs fell deep into correction territory.
Big Tech's AI spending passes $600bn
Nvidia's $57bn quarter doesn't end the bubble debate
AI's biggest spenders feel the credit squeeze
Meta borrows $30bn for AI
Markets & Finance
Warsh speaks, bonds sell
Kevin Warsh gave his first big public speech as Federal Reserve chairman at a monetary policy conference on 25 August, and bond investors did not like it.
The market bets on a Warsh hike
Long-term rates climb as Iran talks stall
Banks brace for higher rates
The peace deal collapses, and oil jumps
Personal Finance
The tariff refund boost to earnings
Court-ordered tariff refunds have taken over the second-quarter earnings calls.
