Your search results

If this sounds like a broken record that is because it is – the Strait of Hormuz has dominated global headlines since the end of February with no resolution in sight, albeit with a brief fillip for markets during the Memorandum of Understanding in mid-June until that fragile ceasefire failed to hold.

US debt has reached $40 trillion, up by about a third in less than five years. The Treasury has tried to contain long-end pressure, but investors remain sceptical.

The US July jobs report had plenty to say – little of it good. The economy shed 23,000 jobs versus consensus expectations for an 80,000 gain. Rates markets reacted swiftly, trimming expectations for future rate rises.

The US 30-year Treasury yield is at its highest since 2001. Although the level is not extreme historically, the speed of the rise is.