Money Distilled

Oil, Inflation, Hope: What Moves Bond Markets?

Bond market moves are not always about shallow domestic concerns, as recent months show. 

Emmanuel Macron, France's president. Now this is a man who does have to worry a bit about his nation’s balance sheet.

Photographer: Krisztian Bocsi/Bloomberg

Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Today we return to the bond market, for the third time this week. The bond market is far bigger and in many ways far more important than the stock market, even although it garners fewer column inches.