A distant prospect just a couple of weeks ago, a yearend cut in British interest rates is now more likely than not and only ...

Repo has tightened, the effective funds rate has risen, and the Fed has reacted with a promise to buy T-bills. So far, heavier bills issuance has crowded out Repo longs. Ahead, expect a bigger shift ...

Economists disagree, financial markets do not care, the public are fickle and the Supreme Court is not to be trusted ...