Japan’s 10-year yield hits highest level since 2008 financial crisis

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yields on 10-year Japanese government debt have hit their highest level since the 2008 financial crisis as markets begin to price in the risk of populist campaign pledges and political uncertainty ahead of an election. … Read more

Washington weighs in on crypto

The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US. … Read more

How a small mining company won a big investment from the Pentagon

James Litinsky made a $100mn bet in 2015 on the distressed debt of a flailing natural resources company. His wager has now paid off spectacularly, after Donald Trump’s administration thrust the group to the centre of the US strategy to counter China’s dominance in critical minerals. Shares in Litinsky’s MP Materials surged 48 per cent last … Read more