US long-term debt sells off after Trump’s attempted firing of Fed governor
Gap between long-term and short-term borrowing costs is close to its widest for three years
Gap between long-term and short-term borrowing costs is close to its widest for three years

There may be more stress than is apparent, particularly on long-term debt

President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say

Pressure from Donald Trump and concerns over economic growth open schism among central bank’s officials

Average time to complete a deal has fallen to four months

International investors’ stockpiles of US government debt fell slightly in April

Investors have exited funds at fastest rate since 2020 at height of Covid pandemic