Kate Duguid
@kateduguid.bsky.social
I'm the US markets editor at the Financial Times
Limiting warming to 1.5 degrees is now all but impossible. A smart piece on the likelihood of making that “overshoot” temporary heatmap.news/climate/cop-...
The Next COP Needs to Confront ‘Overshoot’
The Paris Agreement goal of limiting warming to 1.5 degrees Celsius is now all but impossible. Limiting — and eventually reversing — the damage will take some thought.
heatmap.news
November 25, 2025 at 12:12 PM
Limiting warming to 1.5 degrees is now all but impossible. A smart piece on the likelihood of making that “overshoot” temporary heatmap.news/climate/cop-...
Reposted by Kate Duguid
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com
November 24, 2025 at 1:52 PM
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
“I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.” www.newyorker.com/culture/the-...
A Battle with My Blood
When I was diagnosed with leukemia, my first thought was that this couldn’t be happening to me, to my family.
www.newyorker.com
November 23, 2025 at 12:25 AM
“I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.” www.newyorker.com/culture/the-...
New Yorkers unite against Con Edison; stock falls
Power exchange
www.ft.com
November 21, 2025 at 9:58 PM
works again today
November 21, 2025 at 4:04 PM
works again today
Big warning from Vanguard's bonds boss Sara Devereux: the market is pricing in way too many Fed cuts www.ft.com/content/22b5...
Wall Street is banking on too many Federal Reserve rate cuts, Vanguard warns
Asset management giant’s bond chief says ‘massive’ spending on AI will bolster the US economy
www.ft.com
November 21, 2025 at 2:50 PM
Big warning from Vanguard's bonds boss Sara Devereux: the market is pricing in way too many Fed cuts www.ft.com/content/22b5...
Reposted by Kate Duguid
Timely interview from @kateduguid.bsky.social of Vanguard's fixed income head
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
Wall Street is banking on too many Federal Reserve rate cuts, Vanguard warns
Asset management giant’s bond chief says ‘massive’ spending on AI will bolster the US economy
www.ft.com
November 21, 2025 at 11:19 AM
Timely interview from @kateduguid.bsky.social of Vanguard's fixed income head
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
maybe big dealers can use the SRF just so I don't have to keep talking about Canadian year-end
November 20, 2025 at 3:28 PM
maybe big dealers can use the SRF just so I don't have to keep talking about Canadian year-end
“Mr. Ackman’s pivot to dating coach is the latest swerve in a career that has included helping to fund President Trump’s third campaign, crusading against Harvard’s former president Claudine Gay and competing in a professional tennis tournament.” www.nytimes.com/2025/11/20/s...
Trouble Dating? Bill Ackman Is Here to Help.
www.nytimes.com
November 20, 2025 at 2:58 PM
“Mr. Ackman’s pivot to dating coach is the latest swerve in a career that has included helping to fund President Trump’s third campaign, crusading against Harvard’s former president Claudine Gay and competing in a professional tennis tournament.” www.nytimes.com/2025/11/20/s...
“He tells clients that they need to separate trading performance from their view of their self-worth.” www.wsj.com/finance/inve...
Hedge Funds Call This Psychologist When Their Traders Start Losing
Dave Popple is tasked with finding who can cut it for hypercompetitive multimanager funds.
www.wsj.com
November 20, 2025 at 12:30 AM
“He tells clients that they need to separate trading performance from their view of their self-worth.” www.wsj.com/finance/inve...
"Gloo hopes to pull the Christian faith into the digital age by using “values-aligned” generative AI to distribute content and sell marketing services to ministries and community outreach groups." Another banger from George: www.ft.com/content/e567...
Christian tech group tests investors’ faith in AI deals on Wall St debut
Shares in company backed by former Intel chief Pat Gelsinger waver after scaled-back IPO
www.ft.com
November 19, 2025 at 8:05 PM
"Gloo hopes to pull the Christian faith into the digital age by using “values-aligned” generative AI to distribute content and sell marketing services to ministries and community outreach groups." Another banger from George: www.ft.com/content/e567...
”Google Trends is handy for retrofitting data around an argument. What it’s not is a reliable or even methodologically consistent predictor of future performance”
www.ft.com/content/f872...
www.ft.com/content/f872...
Chart crimes revisited: the ‘AI bubble’ bubble
Google Trends ain’t your friend
www.ft.com
November 19, 2025 at 11:57 AM
”Google Trends is handy for retrofitting data around an argument. What it’s not is a reliable or even methodologically consistent predictor of future performance”
www.ft.com/content/f872...
www.ft.com/content/f872...
Reposted by Kate Duguid
Bloomberg follows up the @kateduguid.bsky.social scoop last week reporting on a primary dealer-NY Fed meeting re: the SRF. Most of it is rehash but a couple notable points. It looks like the capital costs of sitting between non-dealers and the Fed are too high to incentivize SRF uptake.
November 19, 2025 at 10:51 AM
Bloomberg follows up the @kateduguid.bsky.social scoop last week reporting on a primary dealer-NY Fed meeting re: the SRF. Most of it is rehash but a couple notable points. It looks like the capital costs of sitting between non-dealers and the Fed are too high to incentivize SRF uptake.
Reposted by Kate Duguid
UBS trying to blackmail Swiss regulators per this FT scoop
UBS chair talked to Scott Bessent about moving Swiss bank to US
Discussions came as Colm Kelleher tries to pressure Switzerland to back down over proposed capital rules
www.ft.com
November 17, 2025 at 12:18 PM
UBS trying to blackmail Swiss regulators per this FT scoop
Reposted by Kate Duguid
This is a fun story. What's happening is that a non-traded fund is being rolled into a publicly traded fund. On a NAV (third party marks on the underlying) basis, no losses. But the public vehicle (ticker ODBC) has a market price $2.83 below its $14.89 NAV, so the rolled-in fund gets marked down.
Blue Owl private credit fund merger leaves some investors facing 20% hit
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals
www.ft.com
November 17, 2025 at 3:47 PM
This is a fun story. What's happening is that a non-traded fund is being rolled into a publicly traded fund. On a NAV (third party marks on the underlying) basis, no losses. But the public vehicle (ticker ODBC) has a market price $2.83 below its $14.89 NAV, so the rolled-in fund gets marked down.
Reposted by Kate Duguid
Here’s a story for every national news outlet:
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
November 16, 2025 at 4:38 AM
Here’s a story for every national news outlet:
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
Reposted by Kate Duguid
“Someone with a 1-hr car commute needs to earn 40% more to be as happy as someone with a short walk to work. On the other hand, if someone shifts from a long commute to a walk, their happiness increases as much as if they’d fallen in love.” #CityMakingMath
50 reasons to want more walkable cities.
50 reasons to want more walkable cities.
50 Reasons Why Everyone Should Want More Walkable Streets
From making you live longer to making cities more resilient: If you want a reason to make your city more walkable, it's in here.
www.fastcompany.com
November 16, 2025 at 5:40 AM
“Someone with a 1-hr car commute needs to earn 40% more to be as happy as someone with a short walk to work. On the other hand, if someone shifts from a long commute to a walk, their happiness increases as much as if they’d fallen in love.” #CityMakingMath
50 reasons to want more walkable cities.
50 reasons to want more walkable cities.
Scoop from last night: Behind the scenes of the big Fed conference this week was a hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
New York Fed convened meeting with Wall Street firms over key lending facility
Impromptu talks come amid worries about strains in money markets
www.ft.com
November 15, 2025 at 12:01 PM
Scoop from last night: Behind the scenes of the big Fed conference this week was a hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
Reposted by Kate Duguid
Reposted by Kate Duguid
That is one hell of a photo.
Nearly two dozen arrested as faith leaders protest outside Chicago-area ICE facility reut.rs/49lQnWS
Nearly two dozen arrested as faith leaders protest outside Chicago-area ICE facility
Nearly two dozen people were arrested as faith leaders protested on Friday outside a federal immigration facility near Chicago, authorities said, the latest sign of tensions over the Trump administration's aggressive enforcement push.
reut.rs
November 15, 2025 at 1:14 AM
That is one hell of a photo.
Reposted by Kate Duguid
New York Fed convened meeting with banks over key lending facility on.ft.com/3K0wKsS
New York Fed convened meeting with banks over key lending facility
Impromptu talks come amid worries about strains in money markets
on.ft.com
November 14, 2025 at 11:59 PM
New York Fed convened meeting with banks over key lending facility on.ft.com/3K0wKsS
SCOOP: Behind the scenes of the Fed conference this week was hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
New York Fed convened meeting with banks over key lending facility
Impromptu talks come amid worries about strains in money markets
www.ft.com
November 14, 2025 at 11:56 PM
SCOOP: Behind the scenes of the Fed conference this week was hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
Reposted by Kate Duguid
November 14, 2025 at 8:19 AM
Reposted by Kate Duguid
This penny thing is a classic example of the US doing something lots of other countries have done but making a balls if it because it’s incapable of doing things normally
THE VAULT: The penny was declared dead this week at the age of 232-years-old, courtesy of the Trump administration. Now it’s Capitol Hill’s turn to pick up the tab. Because the penny hasn’t gone quietly.
More from @brendanpedersen.bsky.social —
punchbowl.news/article/vaul...
More from @brendanpedersen.bsky.social —
punchbowl.news/article/vaul...
Painful penny politics
The penny was declared dead this week at the age of 232-years-old, courtesy of the Trump administration.
punchbowl.news
November 14, 2025 at 2:53 PM
This penny thing is a classic example of the US doing something lots of other countries have done but making a balls if it because it’s incapable of doing things normally