‘Large demand gap’ looms for US government bonds

‘Large demand gap’ looms for US government bonds

A gulf is growing between the amount of US government debt to be issued by the Treasury department this year and what the Federal Reserve is planning to buy.The US fiscal deficit is on track to reach levels not seen since the second world war and the Treasury...
Drop in oil demand set to last into 2021

Drop in oil demand set to last into 2021

The hit to oil demand triggered by the coronavirus pandemic will endure into 2021, the International Energy Agency said, with air travel expected to take far longer to recover.In its first forecast for next year, the IEA said demand would grow by 5.7m barrels a day to...