Not so good news for the doves on the Bank of England’s Monetary Policy Committee, as persistent services inflation may yet stall an August rate cut. This week Imogen Bachra and Joann Spadigam read the runes on UK and European markets, and share their views on yield curves. This episode was recorded on 18 July 2024. For any terms used please refer to our glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html ..read more

This week host Joann Spadigam is joined by Kevin Cummins to talk rates news in Europe and the US. With more good data on inflation, might the Fed change its stance on when to reduce rates? Maybe, maybe not, but with more data on the way, it can bide its time. In France, what does the latest round of election news mean for euro spreads?   Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast as soon as they’re available. This episode was recorded on 11 July 2024. For any terms used please refer to our glossary: https://www.natwest.com/corporat ..read more

While the UK election results lit few fireworks for markets, the same can’t be said of political events elsewhere. This week host Imogen Bachra is joined by Brian Daingerfield and Joann Spadigam to talk about the fiscal challenge facing the UK, in the US how betting markets view a Joe Biden victory (or drop-out) amid many permutations, and in France what we can expect from the second round of voting in the parliamentary elections. Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast as soon as they’re available. This episode was recorded on 5 Jul ..read more

Ahead of elections in France and the UK, how are markets pricing in possible outcomes? This week Imogen Bachra and Joann Spadigam consider how bonds are being affected and what clues markets are looking for. While they’re confident that a Labour victory has been priced in to current spreads, across the channel there is far less certainty about the eventual political outcome.   This episode was recorded on 27 June 2024.  For any terms used please refer to our glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www ..read more

With inflation now at its target, what were the prospects that the Bank of England would cut its base rate? Not much, according to Imogen Bachra and Joann Spadigam, who this week look at both the reasons for a hold, and whether the Monetary Policy Committee is becoming just a bit more dovish. Hint: it is. Away from the UK, they cover elections in France and Germany’s Q3 funding update.   This episode was recorded on 20 June '24. For any terms used please read our glossary. Please view our full disclaimer here ..read more

This week Imogen Bachra is joined by Deepika Dayal and Joann Spadigam to talk all things bonds. From the political backdrop affecting market confidence to the details of dot plots, the trio cover major developments in the US, the UK and the eurozone.    This episode was recorded on 13 June '24. For any terms used please read our glossary.  Please view our full disclaimer here ..read more

At 25bps the European Central Bank’s (ECB) first interest cut may not have been the deepest, but the ECB is still ahead of the Fed and the Bank of England in its easing cycle. Looking to the prospects of further cuts in the year, Joann Spadigam and Kevin Cummins go beyond Europe and focus on how the Fed is being guided by data. This episode was recorded on 6 June 2024. For any terms used please refer to our glossary. Please view our full disclaimer here ..read more

This week Imogen Bachra is joined by Joann Spadigam and Kevin Cummins to discuss major bond markets. High on the agenda is what to expect in the run up to a likely cut in rates next week by the European Central Bank. They also discuss how elections are shaping rates markets and ask why quantitative tightening is a growing topic.    This episode was recorded on 30 May 2024. For any terms used please refer to our glossary. Please view our full disclaimer here ..read more

This week host Imogen Bachra is again joined by Deepika Dayal and Giovanni Zanni to discuss not just rates, but how political developments in the UK and Europe are affecting markets. In the UK, the starting gun has fired for a July general election, while in the EU, parliamentary elections are also looming. Away from the ballot box, it's starting to feel like monetary Groundhog Day: stronger than expected print data looks likely to keep rates higher for longer. Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast as soon as they’re available. Th ..read more

This week host Imogen Bachra is joined by Deepika Dayal and Giovanni Zanni to discuss all things rates. In the US, how does the Fed's preferred inflation gauge compare with retail sales prints? Elsewhere, markets are contending with some important jobs data in the UK, while in Europe, what could derail a rate cut in June? Very little, it seems.   Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast as soon as they’re available.  This episode was recorded on 15 May 2024. For any terms used please refer to our glossary: https://www.natwe ..read more