No corner of finance would be left untouched
More involvement from banks and crypto firms in the Treasury market is a good thing. Neither will outrun immense issuance
The alternative assets are too small, fragile or limited in nature to match the usefulness of American debt
Scott Bessent and the new Fed chair have talked about co-ordinating their work
As interest from other buyers dwindles, the trade in Treasuries increasingly relies on risky investors
A once-vital source of funding for the Treasury market is drying up
Government debt, inflation and unpredictable policymaking are putting the world’s most important asset under threat, argues Mike Bird in a special report
Also on the daily podcast: Europe’s technological-sovereignty push and the sweet surge of sticky toffee pudding
It’s time to ditch assumptions built on cheap capital, stable growth and predictable exits, argues Hamza Lemssouguer
Our daily political update, featuring the stories that matter
A handpicked article read aloud from the latest issue of The Economist
A Chicago suburb is paying reparations to African-Americans