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Bond vigilantes target government spending

FT News Briefing

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Impact of Market Forces on Government Policy and Current Economic Challenges

This chapter examines how decreased government debt purchases by central banks and China are driving up borrowing costs and the role of bond vigilantes in shaping government policy. It also discusses the reactions from France and the UK to market pressures, along with the financial aftermath of wildfires in Los Angeles and Elon Musk's political interventions in the UK.

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