Robert Burgess

New York

Opinion Executive Editor and Markets Columnist at Bloomberg Opinion

Bloomberg Opinion Executive Editor and markets columnist. Former Executive Editor for Global Markets. Opinions are my own; retweets not endorsements. @opinion

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Articles

The Bond Vigilantes Are Taking a Nap

2 weeks ago | bloomberg.com | Robert Burgess

Time out. (Bloomberg Opinion) -- The US Treasury’s auction on Wednesday of $39 billion in 10-year notes was disappointing. It’s not that the sale of what is considered the global benchmark, helping determine borrowing costs for governments, businesses and consumers round the world, was greeted with subpar demand. Rather, demand by just about any measure was pretty good.
A $5 Billion White Elephant Is Roaming New Jersey’s Swamps

1 month ago | bloomberg.com | Robert Burgess

If you build it, sometimes they don’t come. (Bloomberg Opinion) -- In the real estate industry, patience is not only a virtue but often a necessity. Consider New York’s Rockefeller Center, built by John. D. Rockefeller Jr. during the Great Depression.
The Bond Market Is Getting Awfully ‘Yippy’ Again

1 month ago | bloomberg.com | Robert Burgess

Someone isn’t happy. (Bloomberg Opinion) -- US government debt auctions are generally sleepy affairs — except when they’re not. And Wednesday’s sale by the Treasury Department of $16 billion in 20-year bonds definitely qualified for the latter category. It’s unlikely to be the only one.
House Budget Bill Creates Awkward Moment for Markets

1 month ago | bloomberg.com | Robert Burgess

Market watch. (Bloomberg Opinion) -- President Donald Trump cajoled House Republicans on Tuesday to go along with a budget bill that will not only add to what is already seen as unsustainable debt and deficits but also looks ominous for financial markets that have just recovered from the “Liberation Day” tariff fiasco.
Moody’s tells us what we know about US debt

1 month ago | thestar.com.my | Robert Burgess

S&P Global Ratings stripped the United States of its coveted AAA credit rating in 2011, and Fitch Ratings did the same in 2023. Given how the country’s finances have only worsened since, it was only a matter of time before the third major ratings firm, Moody’s Investors Service, fell in line and did the same. That moment came late Friday afternoon after markets closed for the week, when Moody’s, like S&P and Fitch, lowered the rating one level, to Aa1.
Moody’s Tells Us What We Already Know About US Debt

1 month ago | bloomberg.com | Robert Burgess

A deserved downgrade? (Bloomberg Opinion) -- S&P Global Ratings stripped the US of its coveted AAA credit rating in 2011, and Fitch Ratings did the same in 2023. Given how the country’s finances have only worsened since, it was only a matter of time before the third major ratings firm, Moody’s Investors Service, fell in line and did the same. That moment came late Friday afternoon after markets closed for the week, when Moody’s, like S&P and Fitch, lowered the rating one level, to Aa1.
Commentary: Trump announces a UK trade ‘deal’ about nothing

1 month ago | channelnewsasia.com | Robert Burgess

NEW YORK: Watching President Donald Trump reveal in the Oval Office what he described as “a tremendous trade deal” with the UK reminded me of the 1990s sitcom Seinfeld, the show that was literally about nothing. To be clear, it’s not a deal but rather a framework for an agreement. In other words, US and UK negotiators still have a lot of work to do in coming weeks (perhaps months or even years like these things usually take?) to hammer out the details.
Trump Announces a UK Trade ‘Deal’ About Nothing

1 month ago | bloomberg.com | Robert Burgess

Deal or no deal? (Bloomberg Opinion) -- Watching President Donald Trump reveal in the Oval Office what he described as “a tremendous trade deal” with the UK reminded me of the 1990s sitcom , the show that was literally about nothing. To be clear, it’s not a deal but rather a framework for an agreement. In other words, US and UK negotiators still have a lot of work to do in coming weeks (perhaps months or even years like these things usually take?) to hammer out the details.
Canada Just Got the Crisis Manager It Desperately Needed

1 month ago | bloomberg.com | Robert Burgess

On the job. (Bloomberg Opinion) -- Canada’s Liberal Party is projected to win a fourth consecutive national election in a race that largely came down to which party would better stand up to US President Donald Trump. “We are over the shock of American betrayal,” Mark Carney, a former central banker and the leader of the Liberal Party, said in a victory speech early Tuesday morning.
Capital Group: Impact of the US on emerging market debt in 2025

2 months ago | financialinvestigator.nl | Robert Burgess

17 april 2025 Opkomende markten Rente EMD Looking ahead to 2025, the macro environment, in theory, sets the stage for a friendly backdrop in emerging markets, especially given continued disinflation, which should allow most major central banks to ease rates throughout the year.