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MACROSTORY 1122· JUNE 23, 2026

Paul Manafort Describes 'Scary' Months in Solitary Confinement After 2018 Conviction

Former Trump campaign chairman Paul Manafort has spoken publicly about what he called one of the most frightening experiences of his life — several months spent in solitary confinement while facing federal charges stemming from Special…

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Bessent's yen intervention worked. Bond yields say a harder fight is underway.

US bond yields have kept climbing even as Treasury Secretary Bessent's push in the currency market appears to have worked. A bond yield, in plain terms, is the interest rate the government pays when it borrows money. When yields rise, that…

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ECB raises interest rates to 2.5% and warns inflation may have further to run

Interest rates in the eurozone rose again. The European Central Bank pushed its benchmark rate to 2.5%, the second increase this year, as the bank works to slow the price pressures moving t

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Treasury yields hit nearly three-year high as Bessent's $6bn buyback falls short

The ten-year Treasury yield, the interest rate the U.S. government pays investors to borrow for a decade, jumped to its highest level in nearly three years. Bessent's $6 billion repurchase programme, an upsized version of a plan to buy…

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