Warsh’s arrival leaves long bonds without a safety net
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.325 · RIGHT
Ensemble
0.163 · CENTER
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Article Excerpt
Warsh’s arrival leaves long bonds without a safety net
The appointment of Jerome Powell as the new chairman of the U.S. Federal Reserve and the departure of Mark Carney have left long-term government bonds in North America without what was once seen as a reliable source of stable income: the promise that at least one central bank would hold them to maturity.
Mr. Carney, who served as governor of the Bank of Canada from 2008 to 2013 and later became governor of the Bank of England before joining the White House staff as climate envoy, made a pledge in his final speech on June 9 that long-term…
Read full article at The Globe and Mail ↗
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Jun 4, 2026