Bonds & Stocks
From the US to Japan, long-term borrowing costs for the world’s biggest economies have surged as investors question the ability of governments to cover massive budget deficits. Thirty-year bond yields this week reached a peak of 5.15% in the US, approaching levels last seen in 2007 before tempering slightly.
Economy
President Donald Trump threatened a sweeping 50% tariff on the European Union and a 25% levy on Apple Inc. if the tech giant failed to move iPhone manufacturing to the US, reigniting investor fears about his trade agenda.
World
China greeted global energy giants at the World Gas Conference in Beijing this week with a most welcome gift — tangible evidence that demand from the world’s largest importer is still strong.