Of all the nominees President-elect Joe Biden has so far put forward, Neera Tanden is the one most likely to lose a confirmation battle. She has harshly attacked some Republican senators whose votes she may now need to become the head of the Office of Management and Budget. After the Senate voted to put Brett Kavanaugh on the Supreme Court, ...

“Perfect miss.” That was the first reaction to the November jobs report I saw on Twitter. And it turned out to be exactly right in the eyes of the $20.4 trillion US Treasury market. The benchmark 10-year yield extended its climb, increasing 6 basis points on the session to 0.97%, breaking through to its highest level since March. Certainly, the ...

After a year-long pause, the euro zone seems ready to resume talks over the completion of a “banking union”. The project — which includes creating a single deposit insurance scheme for all the bloc’s lenders — would go a long way towards boosting the resilience of Europe’s financial system. For all the good intentions, however, the zeitgeist in the monetary ...