Why the bond market has become jumpier
Vanishing liquidity and crowded trades are two sides of the same coin
JAMES MADDISON was sure he had scored. As his free kick arced over the wall of Arsenal players, a goal seemed certain. Somehow Arsenal’s goalkeeper, Aaron Ramsdale, got a hand to the ball and kept it out. “Best save I’ve seen for years,” said Peter Schmeichel, a former goalie. Others noted a crucial detail. Before the ball was struck, Mr Ramsdale was on his toes, his weight distributed evenly, ready to jump in either direction. By keeping perfectly balanced, he made a wonder-save possible.
This article appeared in the Finance & economics section of the print edition under the headline “Full tilt”
Finance & economics
November 27th 2021
From the November 27th 2021 edition
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Trump fires at the Fed. America’s economy is collateral damage
The president may test legal bounds as he tries to sway Jerome Powell
Unlike everyone else, Americans and Britons still shun the office
What is their love of working from home doing to their economies?
Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring
America is turning away China’s goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire
Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Poor countries would miss King Dollar
Even though they normally like a weaker greenback