As if the bond market wasn’t facing enough headwinds, with inflation starting to stir and the Federal Reserve forecasting a faster pace of interest-rate increases. Now we get news that China dumped more US Treasuries in November than any time since 2011. It’s premature to say the $66.4 billion of net sales were in response to Donald Trump’s election ...

  Chelsea Manning may be getting out of prison in a few months, but the effects of former President Barack Obama’s commutation of her sentence will last far longer. In this case, Obama made a serious error of judgment. Proponents of clemency for Manning, the former U.S. Army intelligence analyst convicted in 2013 of leaking classified material, make plenty of ...

  Turkey’s parliament cleared the decks for constitutional reform that would concentrate even more powers in the office of the president. The parliament voted 339-142 to make the president the head of the executive and abolish the job of prime minister. The voters of the country will decide in a referendum on the proposal. In Turkey’s system, amendments to the ...