UK 10-Year gilt yield towers over other major economies Bond vigilantes are back. Not in Trump’s America (yet), but here in London. They are lurking in the shadows of the gilt market. Over the past few quarters, the 10-year gilt yield (interest rates on UK government bonds) had traded firmly above 4 percent. The series

AI Boom Under Increasing Scrutiny In recent days, chatter are swirling on the topic of ‘Peak AI’. “Tech stocks,” wrote one FT columnist last week (£) after tech shares weakened “are sending a warning.” Another FT article joined the debate (£): “Is it time to sell your AI stocks?” Even the Wall Street Journal inserted

Once in a while, it pays to analyse government bond yields. These are prices of credit, of sovereign borrowers. Throughout history many sovereign entities (especially those managed by profligate Kings and Queens) had spent vast sums beyond the limit of taxation. Naturally, history is littered with sovereign defaults. Surely this sort of thing wouldn’t happen

Bank of England in Two Minds about Interest Rates The Bank of England MPC is utterly perplexed by the British economy. The August 7 monetary meeting was an extraordinary one. The nine-member MPC held two votings to decide whether the policy rate should be lowered. Four, plus one, voted ‘yes’ to a rate cut; the

US Copper Prices Plunged on Tariffs Announcement Has the famed “Dr Copper” lost its predictive power on the global economy? Over the past few trading sessions, copper prices plunged as the Trump administration scaled back levy on the much-used industrial metal. The commodity metal dived by more than a fifth, and closed at its lowest

A Quick Guide to the Bitcoin Treasury Model Echoing the bullishness in stock markets, the crypto industry is expanding like never before under President Trump. Here are some recent exciting developments: US Congress passed the Genius Act (short for Guiding and Establishing National Innovation for U.S. Stablecoins Act, see summary here) in July to regulate