The world’s central banks recently signed off on the Basel III rules for bank capital. The new system, years in the making, is a step forward: It will make banks stronger and safer. But there are several loose ends. One of the most important concerns the treatment of sovereign bonds on banks’ balance sheets. Banks that hold large, concentrated portfolios ...

With 2017 mostly said and done, it’s instructive to put the bond market in perspective so we know what to reasonably expect in 2018. Recall that at the start of the year there was no shortage of calls for the yield on the benchmark 10-year US Treasury note to soar to 3 percent — or even 4 percent — by ...

Apple Inc. says it’s more resilient than a typical hardware company. This is more hype than reality, but I can’t ignore the potential upside if Apple is serious about web video, digital music, and its other internet-centric software. Technology watchers know that Apple has been stressing how many people who own iPhones, Macs and iPads are also buying from its ...