Economy
Canada’s Shift Away from the US: Realignment or Diversification?
On September 29, a new set of American trade restrictions against Canada came into force. Using Section 338 of the Tariff Act of 1930,...
Diesel Diplomacy: A Weekend Peace Discount Meets a Gulf War Premium — and the Bond Market Prices the Fed Instead
Today's Numbers
~$103 (Brent on Monday morning, off a weekend spike above $105) · 5.24% (US 10-year Treasury yield at Friday's close) · 74.5% (Polymarket...
Can Europe Curb China’s $7.5 Billion Hybrid Car Boom Without Triggering a Trade War?
China’s fast-growing hybrid vehicle exports to Europe face fresh uncertainty after Beijing agreed to curb shipments to the European Union, threatening a key growth...
The Fed Is Pulling Hot Money Out of Asia. Gulf Money Is Edging In — Who Gains the Leverage?
TODAY'S NUMBERS
$26.3bn (EM portfolio outflows, September) · 5.29% (US 10-year yield peak, 29 September) · 13% (Asia's share of Mubadala's portfolio, up from 10%)....
Bond Market Turmoil Puts Central Banks on Collision Course With Governments
Central banks face a growing dilemma as rising government borrowing costs and mounting public debt test their independence, forcing policymakers to weigh financial stability...
Europe’s Record Russia Blacklist: Who Pays, Who Profits — and Why €185 Billion in Brussels Still Decides the Financial War
Today's Numbers
1,646 (new EU Russia listings agreed 7 October) · ~4,650 (total names on the EU's Russia list once adopted) · €185bn (Russian central-bank...
Why Are India and the US Still Struggling to Close a Trade Deal?
India and the United States have once again failed to break through a prolonged impasse in negotiations over a bilateral trade agreement, underscoring the...
The Bond Market Is Now a Geopolitical Actor
Three Records in Two Days
On Wednesday, 1 October, the US 10-year Treasury yield hit 5.34%, its highest since 2002. The same day, Britain’s 30-year...
US Pays 5.3%, China Lends at 1.7%: Who Wins as the Treasury Sell-Off Turns the Yuan Into the World’s Cheap Money?
Today’s Numbers
5.3% (US 10-year Treasury yield) · 1.70% (China 10-year government bond yield) · ¥358bn (offshore “dim sum” bond issuance, H1 2026). A gap...
Rising US Bond Yields Put Washington Under Pressure: What Comes Next?
The US government is facing increased borrowing costs, with long-term Treasury yields nearing their highest levels in twenty years. This situation is fueled by...