Central banks can brush aside rising long bond yields
Their credibility is strong, the spillovers are small and financial conditions are improving
Bulgaria is set to join the euro zone. But its citizens aren’t convinced
The European Commission and European Central Bank have signed off on Bulgaria joining the euro zone.
China’s $1.1tn asset manager becomes star player on ‘national team’
State-owned Central Huijin in spotlight after big intervention in domestic stock markets to boost economy
Rising debt burden puts UK on a trajectory of more volatility
Investors are likely to seek a higher risk premium for British assets