Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds
The US needs to preserve the virtues for which its currency has historically stood
Currency down 2% over the five days amid concerns over impact of Trump’s tax-cutting bill
Worries about trade wars and a rising debt load have shaken faith in the Treasury market
Libertarian leader wants $270bn in hidden dollar savings to help phase out peso
A scary moment could require a new framework
The difficulty is that, however unsatisfactory the hegemon might be, the alternatives look worse
Yields on 30-year US Treasuries hit highest level since 2023 on debt concerns
Moderate inflation and tariffs seem to lift markets
Market swings caused by Trump’s levies may be ‘tipping point’ for foreign investors, Congressional Budget Office chief says
The really big risks to the dollar remain US geopolitical and policy errors
Big institutional money managers said to trim US exposure on concerns over policymaking
Traders uncertain about what local companies will do with trillions of dollars of US assets
Unless their use is defined under law, and accounting rules, they will remain a poor medium of exchange
GLWT
The $2.5tn Jenmageddon
Greater internationalisation of the euro requires a more resilient financial system for the region
The US president’s trade policies are a ‘catalyst’ for the greenback’s fall
A correction in overvalued US stocks might explain some of the currency’s decline
In markets and politics, it will be more short-termist, less resilient and much more reliant on the kindness of strangers
Bank announces $3bn share buyback programme that will begin next month
Whatever happens with Trump’s tariffs, investors need to prepare for a new market paradigm
And bad hard data arrives
Demand for US assets cannot keep up with supply without a weaker currency
S&P 500 index rebounds after fall on Monday