The Bridgewater founder said interest costs are crowding out other spending and that China and Japan may pull back from US Treasuries, days after the Treasury secretary told investors the debt path would soon improve.
Seven core producers agreed at a virtual meeting on Sunday to leave November production unchanged, leaving about 2 million barrels a day of cuts in place while Gulf supply is disrupted.
US bond yields fell back from their highest levels since 2002 after crude dropped under $100 a barrel and Treasury Secretary Scott Bessent restated his pledges on the debt.
A global bond selloff has pushed long-dated US yields to their highest level in about twenty years, and equities have so far looked through it.
At the LBMA conference, reserve managers argued the case for diversifying into gold survives a 10-year Treasury yield holding above 5 per cent.
The group left quotas where they are at a virtual meeting on Sunday, with the Iran war already restricting barrels.
The long end is repricing fast enough that Washington’s unconventional options are being discussed as live choices.
Seven producers agreed at an online meeting on Sunday to hold quotas steady for a second month while the war with Iran keeps barrels off the market.
The rating agency kept a stable outlook but said surging interest costs leave the fiscal path increasingly exposed to the bond market.
The agency held its rating with a stable outlook while flagging surging interest costs and another debt-limit fight after the midterms.
Treasury, European and Japanese government bond yields all climbed, and the US 30-year mortgage rate posted its largest weekly rise in four years.
A new bulletin maps a financing loop in which suppliers often bankroll their own customers.
Long-dated yields reached their highest levels since before the global financial crisis as investors repriced sovereign debt loads.
US long-term yields reached levels last seen in 2002 before snapping back, and the average 30-year mortgage rate climbed to 7.28 per cent.
US long rates reached a twenty-four-year peak, UK gilts their worst level since 1998, and Treasuries have just closed their worst quarter since 1994.
Relentless selling pushed the 10-year US Treasury note above 5.3% and dragged UK, French, Japanese and Australian government yields to multi-decade highs.
The benchmark US yield reached its highest level since before the financial crisis, and the selling has spread to Europe.
Delegates say the group will leave crude production targets unchanged when seven core members meet online this weekend.
The US long bond cleared 5.6% for the first time in more than two decades as the whole curve repriced.
The 30-year yield reached its highest since 2002 while precious metals fell, breaking the usual pattern in which gold rallies alongside inflation worries.
US and European sovereign yields extended their slide in price as faltering Iran diplomacy revived higher-for-longer oil expectations, dragging junk bonds toward their worst month since 2022.
The financing for the Warner Bros. takeover is expected to be the largest corporate high-yield bond sale ever attempted.
The benchmark 10-year yield sits at a 19-year high and the spread to short rates has narrowed toward inversion.
A bond sell-off has pushed long yields to levels last seen two decades ago, and budget forecasters have modelled what higher rates would do to the debt path.
The 30-year bond has climbed above 5.5% and most risk-free rates now sit north of 5%, with the long end moving far more than the policy rate.
PIMCO expects most issuers to absorb higher refinancing costs, but the maturity profile shifts toward high-yield borrowers just as the weakest are already defaulting.
A sitting regional Fed president put artificial-intelligence capital spending into the language the central bank reserves for systemically important institutions.
Livestock associations in Texas, Oklahoma and Kansas report disruption at processors and feedyards and are asking the federal agency for transparency.
The 10-year note touched its highest level since 2007 as the long end of the curve repriced, carrying mortgage costs with it.
Kansas City Fed’s Jeff Schmid said the central bank is trying to work out whether the data-centre boom is creating systemic exposures it would have to stand behind.
One of the most closely watched credits in the high-yield municipal market has gone into bankruptcy protection while its Florida service continues to operate.
Thin demand at the five-year and seven-year sales fed a global selloff that has lifted every point on the US curve toward two-decade highs.
The second-quarter deficit was wider than the previous quarter but narrower than economists had forecast, and outlets split on whether to call it a widening or a narrowing.
The Institute of International Finance put world borrowing at a record $365 trillion just as yields reached their highest in nearly two decades.
Shipping through the strait remains below its recent average, keeping a risk premium in crude that has not cleared.
The Japanese group is marketing one of the largest corporate high-yield deals ever, at yields reported up to 9.875%.
A five-year auction cleared at the highest yield since 2006 as US government bond prices fell across the curve.
The S&P 500 bank index dropped as artificial intelligence disruption fears met a two-year to ten-year spread at its narrowest in more than a year.
The Japanese group is taking orders for one of the largest corporate high-yield deals ever, financing artificial intelligence commitments in the junk market rather than with equity.
The gap between two-year and 10-year yields has hit its narrowest reading of the cycle even as the long end trades at 5 percent.
Government borrowing came in higher than expected in August, with debt interest of 8.8 billion pounds, the highest for the month since records began in 1997.
The most-watched attempt to settle cross-border trade outside the dollar has lost the world’s most important oil exporter.
The Treasury secretary answered a bearish assessment of the US economy by pointing to dollar dominance, economic data and stablecoin adoption.
Agriculture and oil interests are now fighting openly over whether Washington should restrict diesel exports.
Bullion steadied rather than fell after the Federal Reserve tightened, with falling oil and central bank buying cited as the offsets.
Interest on the federal debt hit a record through August, and the debt-to-GDP ratio has returned to 100 per cent for the first time in 80 years.
The kingdom’s central bank has confirmed it ended participation in Beijing’s cross-border digital currency project, the most prominent defection so far.
The bank trimmed its near-term view after the Fed’s rate increase but left the 2027 target intact, attributing nearly all the projected gain to official-sector buying.
The benchmark yield has crossed 5% for the second time in almost 20 years, just as annual interest on the federal debt clears $1.02 trillion.
European refiners lose contracted cargoes while diesel prices run at records and eurozone energy inflation climbs.
Traders left the Fed meeting pricing a higher peak rate than the central bank has committed to.
Container, tanker and fertiliser markets are repricing at the same time as the strait stays largely shut.
Caracas is close to shifting about $4 billion of central bank gold from London to New York, in a year when other central banks have been moving bullion the other way.
Bullion dived immediately after the Fed decision and recovered within the day, leaving two incompatible headlines about the same session.
Short-dated yields rose faster than long ones after the rate decision, and the Treasury and the Fed are publicly at odds over what to do about the long end.
US borrowing costs are at their highest since 2007, and the interest bill on a 40.1 trillion dollar debt compounds with them.
The Dutch central bank has moved a large part of its North American gold out of the United States, and reserve managers elsewhere say the appetite for bullion has not faded.
The canal authority is adding a new vessel limit from October, tightening a third trade chokepoint while Hormuz and the Red Sea are already constrained.
A weak sale of 20-year bonds and a 10-year yield above 5% put the long end, not the Fed, in charge of borrowing costs.
Record pump prices arrive as commercial and strategic stockpiles run low and Washington weighs emergency refining measures.
Pump prices are at record highs for diesel in every state, and the administration is considering a Cold War statute to expand US refining capacity.
The Treasury sold $13 billion of twenty-year bonds at the highest yield on record for the maturity, with foreign bidding described as weak.
The benchmark US yield crossed a threshold it had not seen in years, dragged up by energy prices and a hawkish turn among policymakers.
The benchmark US yield reached a level last seen in 2023, flattening the curve and putting the Treasury’s borrowing costs at the centre of this week’s Fed decision.
Long rates, not the policy rate, are now setting the cost of money for households, companies and the Treasury itself.
The Netherlands and France have moved bullion home or to London, and Spain is weighing the same question.
August’s monthly shortfall narrowed sharply on calendar shifts, but the eleven-month total is flat against last year and interest costs have passed the defense budget.
The bloc’s finance track settled on cross-border payment plumbing rather than a shared unit of account, according to its joint statement.
The Netherlands and France have already shifted bullion out of the United States, and Spain is weighing whether to follow.
Foreign investors took nearly 80% of a $22 billion long-bond sale, complicating the story that overseas buyers are walking away.
August’s shortfall came in far below forecast on timing shifts, leaving the year-to-date gap essentially flat against last year.
Both major crude benchmarks are on track to end the week above $100 a barrel, and the US average diesel price has passed $6 a gallon for the first time.
A weak long-bond auction and an enlarged Treasury buyback failed to halt a selloff that has pushed the benchmark US yield to the edge of 5%.
Bullion sold off on a hot US inflation reading and a European rate rise, even as official-sector demand set records.
Scott Bessent tripled the size of the Treasury’s long-bond buyback and the market answered by sending yields to multi-year highs.
The Dutch central bank has shifted bullion from North American vaults to London and Spain is weighing repatriation, as reserve managers reconsider where their gold sits.
The US Energy Department raised its 2027 diesel forecast by 33 cents as the energy secretary argued lost refining capacity, rather than the crude price, is driving pump costs.
A first-quarter surplus reversed in the three months to June as the Iran war drove up import costs, though outlets disagree on how far back a wider gap sits.
Scott Bessent’s $6 billion repurchase of long-dated debt was meant to cool what he called a market fever, and yields rose instead.
The Treasury secretary says the enlarged repurchase programme is meant to quell a market fever and is not quantitative easing.
China’s central bank added to reserves for a twenty-second straight month while bullion held near $4,400.
The People’s Bank of China kept adding through a rising market, extending a buying streak that has become the structural bid under the gold price.
The People’s Bank of China added 650,000 ounces in August, its largest monthly purchase since 2023, and kept buying through a double-digit price rise.
Saudi Arabia, Russia and five partners kept quotas unchanged for October, pausing the production increases they had been adding.
Federal interest payments have reached $1.25 trillion a year, and the Treasury’s response in the bond market is being described as financial repression.
Seven core OPEC+ members left October quotas unchanged from September levels, the first pause after a run of monthly increases, while Wall Street forecasts for crude diverge sharply.
The Dutch central bank has moved 86 tonnes to London and France has brought its entire official holding home.
Seven core members held targets steady on Sunday as the war around Hormuz, not cartel policy, sets the supply picture.