UK Consumers Cut Card Spending for First Time in Five Years

UK shoppers’ spending on their debit and credit cards dropped in 2025 for the first time since the pandemic, according to Barclays data that nevertheless showed people still willing to treat themselves with small luxuries and experiences. The bank said the value of...

Treasuries Volatility Set for Biggest Annual Drop Since 2009

A measure of US bond-market volatility is heading for its biggest annual decline since the wake of the financial crisis with the Federal Reserve’s interest-rate cuts dampening risks of an economic downturn. The ICE BofA MOVE Index, a gauge of expected bond-market...

Dollar Caps Worst Week Since June With Focus on Data Ahead

A Bloomberg gauge of the dollar posted its worst week since June as traders looked to data due early next month to confirm expectations for further Federal Reserve interest-rate cuts in 2026. With trading subdued because of holidays this week and markets in the UK...

Brutal Year for Stock Picking Spurs Trillion-Dollar Fund Exodus

The last thing a diversified fund manager wants is to run a portfolio dominated by just seven technology companies — all American, all megacap, clustered in the same corner of the economy. Yet as the S&P 500 pushed to fresh records this week, investors were again...

Fed Data Show December Surge in 10-Year Treasury Delivery Fails

Delivery fails involving 10-year Treasury notes surged to the highest level in eight years this month, a result of the Federal Reserve’s move to shrink its bond portfolio since 2022. Trades involving the most recently issued 10-year note that failed to settle on...