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 …