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An emergency rate cut from the Fed?

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As we wrote overnight, there are growing signs of stresses in the bond market. It’s hard to say whether swap spread or basis trades getting liquidated is the biggest contributor, but Treasury markets are turbulent. … Read more

US Treasuries sell-off deepens as ‘safe haven’ status challenged

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Treasuries sold off on Wednesday as President Donald Trump’s tariffs took effect, deepening investor concern about the “safe haven” status of US sovereign debt. The 10-year US Treasury yield jumped to 4.51 per cent before … Read more

Apple navigates Trump’s tariffs

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US President Donald Trump’s announcement of “reciprocal” tariffs caused havoc in the markets, notably hitting Big Tech stocks such as Apple. The company lost more than $300bn in market value the next day, and its path forward is complicated. The FT’s San Francisco correspondent Michael Acton explains why the iPhone maker is vulnerable, and what … Read more

Jared Isaacman, Trump’s Pick to Lead NASA, Calls Mars a Priority in Confirmation Hearing

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NASA will prioritize sending American astronauts to Mars, President Trump’s nominee to lead the space agency will tell a Senate committee on Wednesday. The nominee is Jared Isaacman, the chief executive of the payment processing company Shift4 Payments, who is a close associate of Elon Musk, the founder of SpaceX. As someone who has led … Read more