Ever since traders erroneously interpreted Federal Reserve Chair Jerome Powell’s July press conference as dovish, US short-term bond yields have completed a round trip, with the market now essentially back to where it started a week ago. That gets bonds closer to realistic pricing in the face of the worst inflation in 40 years, but much more upheaval could ...

Bloomberg House Speaker Nancy Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming American support for the democratically elected government in Taipei despite threats of fresh trade curbs and military actions by Beijing. Pelosi made her comments on Wednesday during a Presidential Office ceremony with Taiwanese leader Tsai Ing-wen. The California Democrat’s arrival in Taiwan late Tuesday made her the ...

  Bloomberg It’s “wishful thinking” to expect relations between Russia and the West to return to their pre-war status soon after the fighting stops in Ukraine, as the Kremlin appears bent on creating a buffer between itself and Nato, Romania’s prime minister said. Nicolae Ciuca, a retired general who once led combat forces in Iraq, said Russia’s invasion has re-opened ...