Bonds are boring? The $200tn market that actually rules global finance
Robin Wigglesworth's new book on the history of this $200 trillion market offers a window into the making of the modern world
September 23, 2026
Editor of the FT's finance blog Alphaville and the author of Trillions, a book on passive investing and the rise of asset manager Vanguard
Robin Wigglesworth's new book on the history of this $200 trillion market offers a window into the making of the modern world
Vanguard’s ‘passive’ investing approach made it a big hitter in the US. But there could be choppy waters ahead