This is the summer of our discontent. As Americans celebrate July 4, they are mad at their leaders, mad at their government and mad at each other. A recent Pew poll finds that ‘public trust in government remains near historic lows.’ Just 20 percent of Americans trust the government to ‘do the right thing just about always or most of …

Wall Street banks, struggling with years of declining revenue from Asia, will be hoping two market-opening measures by China at the weekend finally spell a return to boom times. They’re likely to be disappointed. HSBC Holdings Plc’s achievement in becoming the first foreign bank to control a mainland securities joint venture, coupled with the launch of China’s bond-connect program with …

Japanese investors had a torrid time in the lead up to the French elections, offloading about 3 trillion yen ($26.5 billion) of French government bonds. But with net buying of the overseas notes in seven of the past eight weeks, according to Japan Ministry of Finance data, could they be returning? The recent jump in 10-year European bond yields provides …