Global bond rout kicks off again, with UK 30-year gilt yields hitting highest since 1998 Worryingly for Paris, the difference between French and German borrowing costs has widened to a 14-year high this morning. The gap between French and German government bond yields – a market gauge of the risk premium investors demand to hold French debt - was at 127.51 bps, after reaching 128.80 bps, its highest level since June 2012, Reuters reports . Inflation, deficit and issuance concerns continue to weigh on the bond market. There is also a buyers strike on the street as investors do not want to step in till we get some form of stability. Hedge Funds have suffered in the latest round of sell-off and do not have the risk appetite to fade the move. Real money, potentially has the risk appetite, but won’t step in till we get some stability. Continue reading...
Bond sell-off: US government borrowing costs hit highest since 2002, as UK 30-year bond yield hits 6% – as it happened
Original reporting
The Guardian: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
Social Security and the blue wave: What could happen to payroll taxes and senior tax breaks
Democrats advocated taxing high earners to shore up Social Security in the runup to the midterms. Plus, a senior deduction is slated to expire in two years.
'We slept here.' Flight delays linger as airlines scramble to recover from ground stop
Flight disruptions lingered two days after the Federal Aviation Administration grounded departures nationwide for more than four hours.
Is the AI job apocalypse finally here? The evidence suggests otherwise | John Quiggin
The role AI played in job losses at Australia’s NAB, Qantas, Canva and Atlassian is far from clear – but it may prove to have more impact on the stock market than the jobs market Get our breaking news email , free app or daily news podcast In 1987, the Nobel prize winning economist Robert Solow remarked: “You can see the computer age everywhere but in the productivity statistics.” At the time, computers had been around for 40 years. Real productivity gains did emerge in the 1990s after the arrival of the internet, but they were short-lived. Four years after the launch of ChatGPT, the pattern seems to be much the same: lots of hype and excitement but with very little productivity growth. The main economic impacts, as in the 1990s dotcom era, have been a stock market boom and huge investment in infrastructure (fibre optics then, datacentres today), betting on future demand that has yet to
Why would anyone want a smart fridge? | Dave Schilling
After a hack in France, internet-enabled appliances are looking even less appealing – especially before the holidays We are deep into the holiday season now, past Halloween and a mere two weeks away from American Thanksgiving. I’ve already given up taking care of my body, surrendering fully to gluttony, vices, and going to bed at 7pm because it’s pitch black outside. I’ve begun to hibernate like a slothful bear, my blanket and pillow never too far from my grasp. The only thing closer to my hands than my bedsheets is a slice of cold pizza. I just want to eat in peace, thank you very much. Continue reading...
I'm a psychologist who studies couples—5 signs you've fallen into a common rut: 'It builds through small habits that each look harmless'
Couples today are vulnerable to "coexistence without contact," says psychologist Mark Travers. Here are the symptoms — and what you can do to counteract them.
Bad jobs or benefits? Milburn should force employers to help the young | Richard Partington
Long-awaited final report will call for benefit cuts but lack of entry-level jobs is also driving the crisis ‘I’m scared about my future’: young people on the stress and desperation of jobseeking A generation is being sold short. Almost a million young people are not in education, employment or training (Neet). Austerity and the Covid pandemic cast a lengthy shadow, AI is upending the jobs market, and the cost of living is soaring – all under the microscope of the social media age. On Tuesday, Alan Milburn’s final report on young people and work will bring Britain to a fork in the road: either continue on this path of state and market failure or sharply change direction. Continue reading...