Alice Gledhill

Bond Bulls Are Waiting for the Next Housing Market to Crack

For bond investors looking to bet big on a rally this year, signs of distress in the world’s highly-leveraged housing markets are only adding to their conviction.

For Debt Collectors Driving Fake Hearses, Business Is Booming

As the new recruits arrive at Ángel Jiménez’s debt-collection business in Santiago de Compostela, a picturesque medieval city in north-western Spain, they’re quickly schooled in the art of cajoling,...

Europe Needs €500 Billion in Cash After Losing Top Bond Buyer

As winter approaches, governments across Europe have been frantically drafting aid programs to protect their citizens from the surge in energy costs triggered by Vladimir Putin’s invasion of Ukraine....

UK’s Egg Crisis Exposes Food-Supply Crunches That Won’t Go Away

In Britain, the humble egg has fallen victim to an array of disruptions that’s led to empty shelves in some stores.

‘Fire Sale’ Risk in Bonds Pushes BOE to Step Up Measures

The Bank of England is expanding the scope of its bond purchases to include inflation-linked debt in an effort to avert what it called a “fire sale” that threatens financial stability.

The UK’s Crisis of Confidence Was Years in the Making

The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.

UK Long Bonds Poised for Record Rally as BOE Moves to Stem Crash

UK Long Bonds Slump to Send 30-Year Yield to Highest Since 2007

The UK government’s long-term borrowing costs soared above 5% for the first time in two decades as investors braced for a flood of bond supply and aggressive rate hikes.

UK Bonds Plunge After Traders Turbocharge Bets on BOE Hikes

UK bonds plummeted after traders ramped up bets on the scale of interest-rate hikes by the Bank of England.

Euro Sinks, Bonds Gain as Traders Weigh Putin Threats Before Fed

The euro plunged against the dollar and bonds rallied after Russian President Vladimir Putin threatened to escalate his war in Ukraine, sending investors scurrying to haven assets ahead of an...

ECB Jumbo Hike Isn’t Feeding Through to Market Rates Fast Enough

A shortage of high-quality assets in the euro area is keeping a lid on short-term borrowing costs, a development that could endanger the European Central Bank’s effort to tighten financial conditions.

Pound Marks ‘Black Wednesday’ With Drop to Lowest Since 1985

Traders and others remember the turbulence of Sept. 16, 1992 — as sterling hits multi-decade lows again.

Yen Rallies as Japan Intervention Threat Hangs Heavy Over Market

The yen rebounded from near a 24-year low on signs the Bank of Japan is preparing an intervention to prop up the currency.

Truss Gets Unwelcome Thatcher Comparison With Pound at 1985 Low

On her first full day on the job, UK Prime Minister Liz Truss has managed to evoke the memory of Margaret Thatcher in at least one regard: the sterling-dollar exchange rate.