Bondcast - The Rates Podcast

With high long-end yields in the UK and the US, Joann Spadigam is joined by Paul Robson and Stuart Sparks to analyse market sentiment, and discuss why inflation is still so crucial to central bank policy. They also talk about the dynamics of European markets, particularly the relative stability of Italian assets. Remember to hit subscribe so you can listen to the latest episodes in this series as...

This week Joann Spadigam is joined by Deepika Dayal and Paul Robson to discuss the latest news for the UK and US economies. With stronger than expected GDP growth in the UK, and an easing of trade tensions between the US and China, what next for monetary policy and market sentiment on both sides of the Atlantic? They also examine the European economic landscape and the potential effects of fiscal...

This week, Imogen Bachra is joined by Joann Spadigam and Stuart Sparks to talk the hawk following recent Bank of England and Fed interest rate decisions. They also examine the political landscape in Germany and its potential impact on fiscal policy, as well as the European Central Bank's stance in light of current market expectations. Remember to hit subscribe so you can listen to the latest...

In this episode Imogen Bachra and Brian Daingerfield discuss the latest developments in tariffs, the future of Fed chair Jerome Powell, and the recent UK gilt remit revision. They explore how market reactions are influenced by tariff negotiations, the implications of Powell's potential removal, and the Bank of England's approach to monetary policy amid changing economic conditions.  Reme...

This week host Imogen Bachra is joined by Brian Daingerfield, Stuart Sparks and Joann Spadigam to discuss rates and FX markets in the UK, US and Europe. What can we expect next, and where might we go from here in terms of central bank monetary policy decisions?  Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on...

In this crossover episode of Bondcast and Currency Exchange, Imogen Bachra is joined by Brian Daingerfield and Oriane Parmentier to discuss all things tariffs, and the political situation in France. It's not just markets that are surrounded by uncertainty. How the Fed will dictate interest rates now seems less clear than it did just a few weeks ago, owing to likely higher inflation alongside...

This week Imogen Bachra, Joann Spadigam and Stuart Sparks discuss the UK Spring Statement, its implications for the UK fiscal situation, and the upcoming tariff announcements affecting Europe. They also analyse the latest profit and productivity data from the US, providing insights into market reactions. Remember to hit subscribe so you can listen to the latest episodes in this series as soon as t...

This week, Imogen Bachra is joined by Joann Spadigam and Stuart Sparks to discuss recent interest rate decisions at the Bank of England and the Fed. They also talk the upcoming Spring Statement in the UK, fiscal developments in the Euro area, and the Federal Reserve’s announcement regarding quantitative tightening. Remember to hit subscribe so you can listen to the latest episodes in this series a...

In a week of shifting market sentiment, Imogen Bachra is joined by Stuart Sparks and Joann Spadigam to discuss rates in the US, Europe and the UK. All eyes are on the Fed and the European Central Bank as they continue to scrutinise data, amid fiscal and economic uncertainties. And it's more wait and see for the Bank of England.  Remember to hit subscribe so you can listen to the latest episod...

With International Women's Day upon us, this week's all-female line-up tackles the latest news from rates markets. The European Central Bank (ECB) cut rates to 2.5%, but it is Europe's revised defence budget that is the real focus for markets. Elsewhere, the Federal Reserve looks to be out of its cutting cycle for 2025 and in the UK what are we to make of modest yield rises? Remembe...

Welcome to a special edition of Bondcast, where we dive into the geopolitical events shaping markets. Host Imogen Bachra is joined by Scott Livingstone, NatWest Group’s international advisor, and Bondcast regular Joann Spadigam, to discuss the intersection of geopolitics and interest rates. Key topics include the possible Russia-Ukraine peace deal, the future of European defence spending, China’s...

In this episode, Imogen Bachra is joined by Stuart Sparks and Joann Spadigam to discuss the latest news, events and data shaping rates markets. In Europe they cover the impact of the Russia-Ukraine conflict on European defence spending and the implications of the upcoming German elections. Elsewhere they analyse the Fed's wait-and-see approach, and the current economic data and inflation outl...

In this episode of Bondcast, Imogen Bachra, Joanne Spadigam, and Deepika Dayal discuss the latest trends in rates markets, focusing on inflation data, labour market dynamics, and central bank policies in the US and UK. They analyse the implications of recent inflation reports, the Fed's potential reactions, and the Bank of England's stance after last week's interest rate decision. T...

In this episode, Imogen Bachra, Brian Daingerfield and Oriane Parmentier discuss the latest developments in rates markets, focusing on trade war dynamics, tariff policies and the implications for markets. They also discuss the recent rate cut by the Bank of England, the evolving economic data landscape in the US, and the fragile French political backdrop. Remember to hit subscribe so you can liste...

This week Imogen Bachra is joined by Joann Spadigam and Kevin Cummins to talk all things rates and, uniquely for the team, how change may be afoot for pensions in the Netherlands and the UK. While the Fed predictably held rates in the US, the ECB predictably cut them in Europe, but what to make of the data supporting these moves? What of terminal rates? If you have a view of where UK rates will be...

This week the Bondcast team discusses strong wage inflation data in the UK, which, combined with sluggish output growth, poses a policy dilemma for the Bank of England. Elsewhere they examine recent US data, Donald Trump’s plans and whether the strong economic start for the year will affect the Fed’s terminal rate for the year. Plus, what to expect ahead of the European Central Bank’s upcoming rat...

With soft-ish inflation prints in the UK and beyond, are we at the start of a trend? Separating the signals from the noise this week are host Imogen Bachra, Deepika Dayal and Joann Spadigam, who share news and views on all things rates - including their takes on when we may see further central bank cuts, and what to make of supply dynamics in Europe.   Remember to hit subscribe so you can listen t...

It’s early 2025 and yields are as high as December’s party spirits. This week host Imogen Bachra is joined by Kevin Cummins and Joann Spadigam to talk UK government bond moves, a cutting-cautious Fed, and a dovish European Central Bank keen to boost economic growth. Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and navigate to na...

Following a 25 basis point cut by the European Central Bank (ECB), host Joann Spadigam is joined by Kevin Cummins and Ross Walker to dissect the nuance of central bank positions. As we enter 2025, how are markets thinking about key economic data prints? And what are the likely cutting patterns as we proceed further into easing cycles? Remember to hit subscribe so you can listen to the latest episo...

This week host Joann Spadigam is joined by guests Oriane Parmentier and Kevin Cummins to update on recent events shaping rates markets. All eyes, of course, are currently on France, where political turmoil is influencing spreads, while in the euro area what can we expect ahead of a rates decision next week? Finally, they discuss what to expect from US employment data, and how the Fed may react. Re...

In this special edition of Bondcast, Imogen Bachra is joined by Brian Daingerfield and Joann Spadigam to discuss some key themes from our Year Ahead 2025 report, an in-depth guide to what will be shaping economies and markets over the coming 12 months. Following a year of change at the ballot box, new governments have made political promises and fiscal commitments, with increases to government deb...

This week it’s a podcast crossover, as Imogen Bachra and Brian Daingerfield deliver a Bondcast-meets-Currency Exchange special. High on the agenda is what the magnitude of Donald Trump’s election victory means for currencies and policy rate decisions, both in the near and long-term, as the US faces tax cuts and importers look set for tariffs. Away from the polls, both the Fed and the Bank of Engla...

Join host Joann Spadigam, and guests Deepika Dayal and Ross Walker as they analyse a busy week for rates markets. In the UK, markets are processing a higher than expected set of Government borrowing needs, so what might this mean for the Bank of England’s terminal rate in 2025? And in the EU, the European Central Bank (ECB) may also look to cut less aggressively next year. Meanwhile, in the US the...

This week Imogen Bachra is joined by Brian Daingerfield and Giovanni Zanni to discuss rates moves in the US, the UK and Europe. What was an un-callable US presidential race based on polling data has become a tussle in betting markets, with Trump the clear favourite. Meanwhile in the UK, the prospect of new fiscal rules is giving markets something to think about, and in Europe dovish tones are affe...

The European Central Bank (ECB) surprised few by cutting its base rate by 25 basis points (bp) on Thursday, but was there anything to learn from the messaging around its decision? This week host Imogen Bachra and Joann Spadigam scrutinise the latest from rates markets and central banks, where data dependence on inflation remains à la mode in the UK and Europe. Lastly, they look ahead to British Ch...