bond-market
(2)The Yen Rescue Hiding America’s Trillion-Dollar Bond Problem
America’s surprise defense of the yen looked like a favor to Japan. Patrick Boyle argues it was really a high-stakes attempt to keep a trillion-dollar Treasury customer from turning seller.
Robin Wigglesworth
Robin Wigglesworth is the editor of FT Alphaville, the Financial Times' irreverent and free-to-read finance blog, which he runs from Oslo, Norway. A former Bloomberg Nordic economics correspondent turned Gulf war reporter turned global finance authority, Wigglesworth has carved out a rare niche: making the most technically forbidding corners of finance genuinely fun to read. His 2021 book Trillions - a definitive history of the index fund - became one of the FT's best books of the year, and his forthcoming A Fabulous Debt (September 2026) promises a sweeping history of the bond market. He is equal parts serious financial scholar and gleeful financial provocateur.