Energy price surge hits bond markets as European gas reaches three-year high

The Dutch Central Bank has shifted more than a quarter of its gold reserves held in the US and Canada to the UK, citing concerns about geopolitical unrest.

Move follows weeks of scrutiny of fiscal and monetary policies and rare Washington-Tokyo intervention in currency markets

It is the only way of funding the defence of a continent with mortal enemies

US yields are likely to head higher driven by the Iran war and tariffs, but the upward pressure has little to do with the fiscal situation, according to Apollo Global Management Chief Economist Torsten Slok.

Finance chiefs focused on developing nations’ debt while sidestepping their own borrowing

Transport, inventory and warehousing costs show few signs of easing