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Bondcast - The Rates PodcastGeopolitics, markets and military mightWelcome 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 strategic silence and the Iran factor.Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and get our views on the big themes and events movi...2025-02-2727 min
The Currency Exchange - An FX Podcast by NatWestA fistful of dollar questions (16 January 2025)Will markets applaud Donald Trump’s second act as president? The Fed has been handed some welcome news on both inflation and labour - accompanied by some dollar highs and hopes for rate cuts. As Eimear Daly and Brian Daingerfield discuss, however, markets remain skittish about Trump’s potential trade policies. So what next for the currency? Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and shaping the e...2025-01-1714 minThe Currency Exchange - An FX Podcast by NatWestNew year’s gratingsThis week Eimear Daly is joined by Paul Robson and Ian Vanderhorn to cover discordant sounds emanating from FX markets. They start with Sterling’s grapple with stagflation fears, moving on to the strength of the dollar against emerging market currencies and CAD performance following political upset in Canada. None of which is a reason to do Dry January. Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and...2025-01-1018 minThe Currency Exchange - An FX Podcast by NatWestThe Year Ahead 2025: A closer look at sterling and the US dollar in 2025In this special edition of The Currency Exchange, host Brian Daingerfield is joined by Paul Robson for a closer look at sterling and the US dollar as we head into 2025.Where 2024 was characterised by political change, markets will examine the follow-on in 2025 – what higher fiscal commitments may do to inflation targets, bank rates and, ultimately, the relative performance of currencies. In the US, that means contending with Trump 2.0, while in the UK unprecedented fiscal commitments may help sterling’s current strength. Lastly they touch on how China-related risks might affect the fortunes of the Australian and NZ doll...2024-11-2916 minBondcast - The Rates PodcastUS election special: what the Trump victory means for markets (8 November '24)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 England cut rates this week by 25 basis points. To what extent were they both doing so with revised outlooks for future inflation? Listen in to find out. This episode was r...2024-11-0832 minBondcast - The Rates PodcastUK Budget breakdown, euro news and the Fed’s post-election mindset (1 November '24)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 there’s a presidential election/Fed decision mashup for markets to consider, with both long- and short-term implications for the economy. We did say it’s been bu...2024-11-0121 minBondcast - The Rates PodcastWhat monetary policy divergence could mean for marketsThis week, Imogen Bachra, Joann Spadigam, and John Briggs discuss how markets are digesting this week’s ‘dovish hold’ from the Bank of England, and the pace of UK monetary policy easing in the months ahead. They also share their thoughts on monetary policy divergence across regions and the impact on bond markets.Remember to hit ''follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly...2024-05-0925 minBondcast - The Rates PodcastLed by the Fed?This week Imogen Bachra, John Briggs and Joann Spadigam discuss market surprises, with strong inflation in the US, strong purchasing manager sentiment in Europe and a strong suggestion from the Bank of England's Huw Pill that UK rates may not fall before June. Aside from the immediate figures and updates, they discuss supply, long-term debt qualms and who's led by the Fed. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any question...2024-04-2525 minBondcast - The Rates PodcastAll eyes on the dataJoin Imogen Bachra, Jan Nevruzi and Joann Spadigam as they discuss how recent jobs and inflation data is affecting markets. In the UK, slightly higher than expected inflation news spurred a sell-off in bonds, while in the US, there was some strong consumer news to contend with. It's been relatively quiet of late in Europe, but there is some speculation that the European Central Bank is becoming less dovish. Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast and navigate to natwest.com/yearahead to get our views on the big t...2024-01-1927 minThe Currency Exchange - An FX Podcast by NatWestAsia FX outlook post-Taiwan electionJoin host Brian Daingerfield and guest Galvin Chia as they examine the politics, policy and fundamentals of some of Asia's major economies. They discuss how the result of the Taiwan election does and does not change the backdrop for cross-strait tensions, underwhelming economic data in China and potential reactive stimulus, and how a strong backdrop for Indian growth and asset performance translates to the Indian rupee. Remember to hit ‘subscribe’ or ‘follow’ so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on...2024-01-1919 minThe Currency Exchange - An FX Podcast by NatWestIt's all relative (to the dollar)Join Eimear Daly and Paul Robson as they discuss world FX prospects in a year that's sure to be dominated by news from the US. With the latest US inflation figures ever-so-slightly stronger than expected, little has changed for Fed policy. Meanwhile at the European Central Bank, the doves are growing in number, as inflation data has weakened the hawks' position. Does a likely early cut in rates and poor economic data mean the euro will underperform? In the UK, the nature of inflation bears more consideration than the headline rate, whereas in Poland the focus is on keeping...2024-01-1214 minBondcast - The Rates PodcastQuantitative Tightening, fiscal questions and circling dovesJoin Imogen Bachra, Jan Nevruzi and Joann Spadigam as they analyse the back and forth of market moves and central bank motions over interest rates. In the US, how will Quantitative Tightening sit with rate cutting? They also discuss the fiscal situation ahead of a likely election in the UK, while in Europe the overall monetary picture is becoming more dovish, amid record levels of supply. Remember to hit 'follow’ so you can watch or listen to the latest episode of Bondcast and navigate to natwest.com/yearahead to get our views on the big themes and events m...2024-01-1223 minBondcast - The Rates PodcastHow has 2024 started?Join Imogen Bachra, Jan Nevruzi and Joann Spadigam as they examine how markets started 2024. In the US, the Fed is not giving out much new information of when interest rate cuts may begin, though it has released some more detailed notes on quantitative tightening and balance sheet rundown. In the UK, what's driving weakness in gilts, and may stickier core inflation still keep rates higher for longer? In the EU it's arguably a simpler picture, with markets poised for cuts from the European Central Bank. Remember to hit 'follow' so you can listen to our latest episodes as...2024-01-0530 minThe Currency Exchange - An FX Podcast by NatWestAll eyes on the US at the start of 2024Join Brian Daingerfield and Alvaro Vivanco as they discuss FX market moves in recent weeks. In the US, December's sell-offs of the dollar have partially reversed in January, leaving them wondering if seasonal and liquidity factors led the USD to weaken too far too fast heading into the end of 2023. And in emerging markets (EM), they discuss why December was a somewhat disappointing one for EM currencies, given the performance of other cyclically-linked asset classes. Finally, the two touch on drivers of the yen, which has been the worst performer in G10 in the early days of 2024. R...2024-01-0518 minBondcast - The Rates PodcastHold schoolThe Bank of England (BoE), the Federal Reserve and the European Central Bank (ECB) shocked few by collectively holding rates this week, but that doesn’t mean the meetings were without their surprises. Join host Imogen Bachra, Jan Nevruzi and Joann Spadigam as they discuss how markets reacted to the news, and identify signs of when rates may begin to fall.Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast and navigate to natwest.com/yearahead to get our views on the big themes and events mov...2023-12-1428 minThe Currency Exchange - An FX Podcast by NatWestWhat has happened and what to expect for emerging markets?Eimear Daly is joined by Alvaro Vivanco to discuss developments in emerging markets (EM) FX and assess what has changed since we published our Year Ahead 2024 report. Much is at stake as US yields have compressed, but EM central banks continue to cut policy rates. They discuss what we are hearing from clients, including questions on elections next year. Remember to hit ‘follow’ so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and sh...2023-12-0715 minBondcast - The Rates PodcastGreat Expectations......well, maybe not so great, but this week Imogen Bachra, Jan Nevruzi and Joann Spadigam discuss the market mood ahead of announcements by all three of the major central banks: the Fed, the European Central Bank (ECB) and the Bank of England. Elsewhere they talk about events in money market funds and the importance of the overnight rate. Remember to hit ‘follow’ so you can watch or listen to the latest episode of Bondcast and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and shaping the economy in 2024. 2023-12-0727 minBondcast - The Rates PodcastMight rate cuts come early?Join host Imogen Bachra and guests Jan Nevruzi and Joann Spadigam as they discuss signs that some central banks may cut their base rates sooner than expected. Could the Fed and the European Central Bank (ECB) do this as soon as March 2024? Faster falls in inflation in the US and the eurozone raise the possibility. But in the UK? Not so much. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions...2023-12-0115 minThe Currency Exchange - An FX Podcast by NatWestWhat has happened to dollar exceptionalism?Eimear Daly is joined by guests Brian Daingerfield and Paul Robson to discuss some of the recent developments in FX markets. Front of mind are the fortunes of the dollar after weaker than expected US economic data. But diverging monetary policy outlooks in Europe also demand attention as central banks try to conquer Table Mountain.Remember to hit ‘follow’ so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and shaping the economy in 2...2023-11-3016 minBondcast - The Rates PodcastYear Ahead update and reactions to the Autumn StatementJoin host Imogen Bachra and guest Joann Spadigam as they discuss how customers have responded to our Year Ahead 2024 report, and analyse the contents of the Autumn Statement. Elsewhere they also look at supply data in the eurozone. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on...2023-11-2421 minBondcast - The Rates PodcastWhat does monetary policy divergence mean for fixed income?The expected divergence of monetary cycles presents both challenges and opportunities for fixed income investors and issuers, especially at a time when fiscal policy remains abundant. Imogen Bachra, Joann Spadigam, and Jan Nevruzi outline where they see policy rates heading next year, what this means for the direction of travel for yields and the shape of the curve, and where cross-market opportunities lie. Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Bondcast and navigate to natwest.com/yearahead to get our views on the big themes and events moving ma...2023-11-1537 minThe Currency Exchange - An FX Podcast by NatWestFinding value in FX amidst lower growth in the year aheadWith economic growth likely to slow and inflation likely to ease, global interest rate hiking is set to give way to cutting in 2024. But the speed and scope of that transition is set to differ across economies, creating challenges and opportunities in FX. Brian Daingerfield, Paul Robson, and Alvaro Vivanco discuss the outlook for G10 and emerging markets FX and break down some of the key themes affecting major currencies in the year ahead.Remember to hit follow so you can listen to the latest episode in this series as soon as they're available and navigate to...2023-11-1526 minBondcast - The Rates PodcastMeeting notesAs both the Fed and the Bank of England (BoE) held rates this week, host Imogen Bachra is joined by Joann Spadigam and Jan Nevruzi to pick over the actions, motives and views held among central banks. How are markets reacting and are worries being alleviated? In Europe, rate cuts may come earlier than previously expected. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcas...2023-11-0224 minBondcast - The Rates PodcastHolding tightFresh after this week's European Central Bank meeting, host Imogen Bachra is joined by Joann Spadigam and Kevin Cummins to talk all things rates, bonds and balance sheets. As it turns out, many of the market dramas in recent months have somewhat dissipated, whether that's in the euro area, the UK or the US. So are we in for an extended period of rate holds? Only time, and more importantly data, will tell.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s eas...2023-10-2726 minBondcast - The Rates PodcastData's back in the driving seat for ratesImogen Bachra, Joann Spadigam, and Jan Nevruzi catch up after another volatile week in rates markets. They digest some of the latest data prints and discuss the potential impact on key central bank decisions in the weeks ahead. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on...2023-10-1927 minBondcast - The Rates PodcastHighs and woesBond yields have risen in the past week, especially at the shorter end of curves. Host Imogen Bachra is joined by Joann Spadigam and Jan Nevruzi to discuss whether current levels will persist, especially in the UK. Elsewhere, German bunds have hit our 3% target, and in the US can markets price in messages coming from the Fed? Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on t...2023-10-0519 minBondcast - The Rates PodcastAhead of the curvesThe bonds markets have been a bit wild of late, leading to some speculation about oversupply in the market for US treasuries and others to look closely at the euro area market. Host Imogen Bachra is joined by Joann Spadigam and Jan Nevruzi to discuss the effects on both the front and tail ends of yield curves, minimum reserve requirements and developments at the Bank of England. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And i...2023-09-2819 minBondcast - The Rates PodcastHolding patternsNeither the Fed or the Bank of England increased rates this week, after last week's dovish hike by the European Central Bank (ECB). Host Imogen Bachra is joined by Joann Spadigam and Jan Nevruzi to discuss the impact of these hawkish holds on markets and the extent of possible cuts in 2024. Will the narrative of 'higher for longer' be challenged? And how may the central banks reduce their balance sheets? Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others...2023-09-2121 minBondcast - The Rates PodcastMount Everest or Table Mountain?On the back of the European Central Bank's "dovish hike", host Imogen Bachra is joined by Joann Spadigam and Kevin Cummins to discuss the impact on markets, and whether the Fed and the Bank of England may follow suit. Behind the question of whether interest rates have hit their peak is how prolonged that peak may be. Will sharp rises be matched by precipitous falls to create an Everest-like trend of rates? Or will the peak really be a plateau that more resembles Table Mountain? Remember to hit 'follow' so you can listen to our latest episodes a...2023-09-1427 minBondcast - The Rates PodcastCatching up, and looking aheadFollowing a three-week summer break, Bondcast is back. Host Imogen Bachra is joined by Joann Spadigam and Jan Nevruzi to catch up on what happened while we were away. Looking ahead, they discuss prospects for next week’s European Central Bank (ECB) meeting, changes in the US yield curve, and how many times the Monetary Policy Committee (MPC) minutes refer to wage growth – which is a lot.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if y...2023-09-0724 minBondcast - The Rates PodcastSee you in SeptemberIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi debrief after yet another base rate hike from the Bank of England. They also discuss US bond supply, inflation dynamics in Europe – and the impact on fixed income markets as we move through the final weeks of summer.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg –...2023-08-0325 minBondcast - The Rates PodcastWith the Fed and ECB out of the way, all eyes on the BoEIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale take stock of the latest rate hikes from the Fed and the European Central Bank and discuss the trajectory for rates going forward. They also look ahead to the Bank of England meeting in the week ahead.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomb...2023-07-2827 minBondcast - The Rates PodcastHow will falling inflation feed into central bank decision-making?In the latest episode of Bondcast, Imogen Bachra, Joann Spadigm, and Jan Nevruzi discuss the impact of the recent downside UK inflation surprise on the fixed income outlook. They also take a closer look at what markets should expect from the upcoming European Central Bank and Fed meetings.Remember to hit ‘follow’ so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or e...2023-07-2118 minBondcast - The Rates PodcastWith inflation in the driving seat, where to for markets?In the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale discuss our latest views on inflation and potential implications for the fixed income outlook in the months ahead.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 13 July 2023.For any terms used please ref...2023-07-1328 minBondcast - The Rates PodcastHow much higher can gilt yields really go?In the latest episode of Bondcast, Imogen Bachra, Kevin Cummins, and Giles Gale discuss shifting rate hike expectations in the UK, the impact of the latest US data deluge on market expectations, and potential fixed income market risks to look out for in Europe as we move into summer.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg...2023-07-0630 minBondcast - The Rates PodcastWhat should we make of Sintra and this week's data?In the latest episode of Bondcast, Imogen Bachra, Kevin Cummins and Joann Spadigam examine central bankers’ comments in Sintra, Portugal. They also discuss the flattening of yield curves in the UK and look at how markets reacted to new employment data in the US.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: T...2023-06-2921 minBondcast - The Rates PodcastWhat do changing central bank reaction functions mean for markets?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and John Briggs debrief after the Bank of England's surprise Bank Rate hike. They also take a closer look at what Fed Chair Jerome Powell’s "dovish defence" means for rates going forward, and discuss the enduring hawkishness of European Central Bankers. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or o...2023-06-2331 minBondcast - The Rates PodcastWhere are rates heading after this week's central bank bonanza?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi debrief after the Fed's "Freudian Skip" and the European Central Bank's (ECB) rate hike decision. They also look ahead to the Bank of England meeting next week. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was rec...2023-06-1632 minBondcast - The Rates PodcastWhat should markets expect from the Fed and ECB in June?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take stock ahead of the Fed and European Central Bank (ECB) meetings next week and share their views on what markets should expect.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 8 June 2023...2023-06-0830 minBondcast - The Rates PodcastEuro Area inflation turns, gilts outperforms, and a US debt ceiling deal’s in sightIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take stock of the key themes and events driving the global fixed income rally this past week and discuss the outlook for rates markets from here.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was record...2023-06-0231 minBondcast - The Rates PodcastAre we in for a hot, sticky summer (for inflation)?In the latest episodes of Bondcast, Imogen Bachra, Joann Spadigam, and Kevin Cummins dig into the latest inflation dynamics and discuss potential implications for the rates outlook.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 25 May 2023.For any terms used please refer to this glossar...2023-05-2620 minBondcast - The Rates PodcastSuffering for convictionIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take a closer look at the latest US debt ceiling drama and the impact on fixed income. They also dig into what the latest UK labour market data could mean for rates and the Bank of England’s policy tightening path.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach...2023-05-1922 minBondcast - The Rates PodcastAre more rate hikes from the Bank of England on the horizon?In the latest episode of Bondcast, Ross Walker, Giles Gale, and Jan Nevruzi debrief after the latest Bank of England rate decision and discuss the path for rates markets from here. They also take a closer look at the implications of the latest US Core Price Inflation (CPI) print for bond markets, and discuss potential risks around sovereign ratings downgrades in Europe. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questio...2023-05-1224 minBondcast - The Rates PodcastWith fresh rate hikes delivered by the Fed and ECB, will the BoE follow suit?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi look ahead to May's Bank of England MPC meeting. They debrief after two very different rate hikes were delivered in the US and Europe and discuss the potential implications for bond markets from here. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondca...2023-05-0528 minBondcast - The Rates PodcastWith inflation stickier than expected, are fresh rate hikes all but guaranteed?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Kevin Cummins wade through the latest inflation data and discuss the potential impact on monetary policy decisions at key central bank meetings in May – and beyond. Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 20 April 2023. 2023-04-2024 minBondcast - The Rates PodcastAre markets right to build back rate hike expectations?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take stock after a week of fresh central bank minutes and speeches. They also delve into some of the key takeaways for bond markets from the International Monetary Fund (IMF) Spring meetings this past week. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – o...2023-04-1333 minBondcast - The Rates PodcastIt’s never a quiet week in rates marketsIn the latest episode of Bondcast, Imogen Bachra, Joann Spadigam, and Jan Nevruzi take a closer look at this weeks' labour market data in the US, the potential implications of pension sector reform in the UK, and the impact of political currents on rates markets in Europe.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondc...2023-04-0525 minBondcast - The Rates PodcastWith fresh hikes signed, sealed, and delivered, where do rates go from here?In the latest episode of Bondcast, Imogen Bachra, Kevin Cummins, and Giles Gale debrief after another volatile week. They discuss the latest Bank of England and Fed meetings and take a closer look at the trajectory of rates from here.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded o...2023-03-2334 minBondcast - The Rates PodcastCaught between financial stability and inflation, which will central banks choose?In the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale discuss central bank decision-making following a week that saw financial instability take centre stage in global markets. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 16 March 2023.For any terms used please refe...2023-03-1626 minBondcast - The Rates PodcastThe UK Budget, Fed speak, and what to expect from the ECBIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale discuss the upcoming Spring Statement and revised gilt supply forecast in the UK, the latest thinking from Fed Chair Jerome Powell, and our perspectives on the upcoming European Central Bank meeting.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. 2023-03-0929 minBondcast - The Rates PodcastAs rates near our targets, will momentum turn from here?In the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale discuss the big drivers for UK gilt supply in the coming months, and the impact of upcoming data prints on our views in Europe and the US.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was re...2023-03-0224 minThe Currency Exchange - An FX Podcast by NatWestHow much higher could the market drive the US dollar?In this episode of The Currency Exchange, Eimear Daly and Co-head of G10 FX strategy Brian Daingerfield dig into the continued strength of the USD and whether the data is really telling the full story. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 16 February 2023.For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaime...2023-02-2417 minBondcast - The Rates PodcastWhat the latest data does (and doesn’t) mean for inflation and central banksIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giles Gale give their views on current turnaround signals, latest central bank speak and why stronger data doesn’t imply a more hawkish policy path than markets are pricing.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was reco...2023-02-2424 minBondcast - The Rates PodcastFresh data with a side of supplyIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Joann Spadigam debrief after a week of big data releases and take a closer look at bond supply. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 16 February 2023.For any terms used please refer to...2023-02-1625 minThe Currency Exchange - An FX Podcast by NatWestWhy markets are wrong to be overly pessimistic about SterlingIn this episode of The Currency Exchange, Eimear Daly and Paul Robson dig into the impact of fresh UK economic data prints on the outlook for Sterling and UK assets more broadly. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 16 February 2023.For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.na...2023-02-1612 minThe Currency Exchange - An FX Podcast by NatWestWhat will drive Emerging Markets FX in the months ahead?In this episode of The Currency Exchange, Eimear Daly and Alvaro Vivanco share their perspectives on whether the strength of the US labour market, the potential for higher US policy rates and a stronger US dollar could upend the new year EM FX rally (before it even got going).Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 9 February 2023. For any terms used please refer to this glossary: https://www.natwe...2023-02-0915 minBondcast - The Rates PodcastHawks gonna squawkIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Joann Spadigam share their perspectives on how markets should interpret the hawkish hints dropped by central bankers in recent days and look ahead to some key data releases in the weeks ahead.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This w...2023-02-0922 minBondcast - The Rates PodcastWith a trio of hikes delivered, where will rates head from here?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi debrief after a busy week of global central bank meetings, and discuss what the latest round of hikes mean for the path of interest rates from here. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was rec...2023-02-0224 minThe Currency Exchange - An FX Podcast by NatWestWill markets and central banks continue pushing in opposite directions?In this episode of The Currency Exchange, Eimear Daly, Brian Daingerfield, and Kevin Cummins take a closer look at this week's trio of interest rate hikes in the US, UK, and Europe, and discuss the impact of those decisions on the wider FX landscape and market expectations going forward.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 2 February 2023.For any terms used please refer to this glossary: ...2023-02-0221 minBondcast - The Rates PodcastAs central banks climb towards peak rates, what risks should markets care about?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Kevin Cummins share their expectations for a busy week of global central bank meetings and key risks to the outlook.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 26 January 2023.For any terms used plea...2023-01-2632 minThe Currency Exchange - An FX Podcast by NatWestWhere do we see FX heading after a week of key central bank meetings?In this episode of The Currency Exchange, Brian Daingerfield and Paul Robson discuss where we think key currencies will move after a trio of central bank meetings in the week ahead.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 26 January 2023.For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.c...2023-01-2615 minBondcast - The Rates PodcastCooling energy costs, mixed data, and the BoJ's pushbackIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi dig into an expansive set of factors driving fixed income markets this week including the Bank of Japan's commitment to yield curve control, new data prints in the UK, falling energy costs, the US debt ceiling, and supply.Remember to hit ‘follow’ so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on B...2023-01-2029 minThe Currency Exchange - An FX Podcast by NatWestThe BoJ keeps Yield Curve Control, so what next for the Yen?In this episode of The Currency Exchange, Eimear Daly and Brian Daingerfield take a closer at the Bank of Japan's recent push-back against market expectations for policy change, key factors to watch regarding the sustainability of yield curve control, and what all of this means for the USDJPY rate and FX markets in the weeks ahead.Remember to hit ‘follow’ so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. NB: This was recorded on 19 January 2023. For any terms used p...2023-01-1919 minBondcast - The Rates PodcastIs inflation really in retreat?In the latest episode of Bondcast, Giles Gale, Ross Walker and Jan Nevruzi take a look at some of the factors shaping the inflation outlook, the potential impact on monetary policy, and what all that means for fixed income.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 12...2023-01-1224 minThe Currency Exchange - An FX Podcast by NatWestA new podcast on the big FX trends to watchWelcome to The Currency Exchange podcast! Each week, the NatWest Markets team of FX strategists help you get to grips with the biggest themes and events moving global currency markets. In this inaugural episode of The Currency Exchange, Eimear Daly, Brian Daingerfield, and Paul Robson digest the impact of the latest US inflation print on the USD and EUR outlook, and take a closer look at how the China reopening story could affect global FX markets in the months ahead.Remember to hit 'follow' so you can listen to our latest episodes as soon as t...2023-01-1214 minBondcast - The Rates PodcastData, supply, and new year quirksIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss some of the big drivers for fixed income markets in the first few weeks of 2023.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 5 January 2023. For any terms used please refer to this glossa...2023-01-0624 minBondcast - The Rates PodcastCentral banks end the year on a hike note, will bond markets curb their enthusiasm in 2023?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and John Briggs debrief after a busy week of central bank meetings and discuss the implications for fixed income markets heading in to 2023.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 15 December 2022. For any terms used pleas...2022-12-1528 minBondcast - The Rates PodcastThe Fed, the BoE, and the ECB - oh my!In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the key factors for markets to watch ahead of a trifecta of important central bank meetings in the week ahead.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 8 December 2022. For any terms used p...2022-12-0923 minBondcast - The Rates PodcastWhat's the deal with the latest rally?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the latest US data print, the unwinding of post-mini budget bond buying in the UK, and what the odd price action in Europe says (and doesn't say) about the bigger picture. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwes...2022-12-0118 minBondcast - The Rates PodcastThe Year Ahead special - what's driving rates in 2023?In this special Year Ahead episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss their views on the big themes and events driving fixed income markets in 2023.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 21 November 2022. For any terms used please refer to this glossa...2022-11-2320 minBondcast - The Rates PodcastIs the policy pivot back on?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the latest US inflation print and the impact on investor sentiment in Europe, and look ahead to the UK Budget announcement and slew of data releases in the week ahead. Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB...2022-11-1027 minBondcast - The Rates PodcastCan central banks have their cake and eat it, too?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi debrief after a busy week of central bank meetings and interest rate hikes, and take a closer look at what fixed income markets should expect heading into December.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This wa...2022-11-0426 minBondcast - The Rates PodcastRate hikes, supply spikes, and a closer look at dataIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi debrief after the European Central Bank meeting and look ahead at what to expect from the Bank of England and the Fed next week.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 27 October 2022...2022-10-2733 minBondcast - The Rates PodcastPolitical twists and tightening bitsIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi digest the latest twist in the UK political landscape and take a closer look at what the start of quantitative tightening could mean for bond markets.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was record...2022-10-2027 minBondcast - The Rates PodcastFiscal or monetary policy pivot?The UK continues to dominate global markets, but it is not quiet elsewhere either. In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi demystify what fiscal u-turns, buybacks still-high US inflation and central bank rhetoric signal for rates investors.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. 2022-10-1419 minBondcast - The Rates PodcastThe old LDI (of Threadneedle Street) is for turningIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take a closer look at rising yields in the UK, renewed discussion of central bank policy pivots in the US, and talk through our new bund yield forecast.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This wa...2022-10-0723 minBondcast - The Rates PodcastThe dust settles in the UK (for now), where to for fixed income?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and John Briggs debrief after a volatile week in UK markets to understand the global, medium-term implications of recent policy moves there.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 29 September 2022. For any terms used please re...2022-09-2925 minBondcast - The Rates PodcastWhat does the latest hiking cycle mean for bonds & FX?In this special crossover episode of Bondcast and the Weekly Watch, John Briggs, Jan Nevruzi, and Paul Robson debrief after a series of (very different) interest rate hikes in the US and UK, and discuss the impact on bond markets and FX. Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find.NB: This was recorded on 22 September 2022. For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html2022-09-2312 minBondcast - The Rates PodcastRates are shooting higher, faster - how will bond markets respond?In the latest episode of Bondcast, Giles Gale, Jan Nevruzi, and Ross Walker discuss how the latest US inflation print, the UK fiscal outlook, and euro area energy policy could affect the monetary policy outlook -- and key implications for bond markets.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was re...2022-09-1524 minBondcast - The Rates PodcastBig changes in the bond supply picture are afootIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the European Central Bank's latest presser, explore impact of the Truss government's energy support package on gilt supply and the rates outlook, and share a sneak peek at what investors can expect from next week's US inflation print.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on B...2022-09-0827 minBondcast - The Rates PodcastSee you in SeptemberIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi dig into a deluge of recently released data, discuss the potential impact of more fiscal firepower in the UK on gilt supply and rates, and read the tea leaves on the pace of rate hikes in the euro area.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly...2022-08-1925 minBondcast - The Rates PodcastSummer markets? What summer markets?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take a closer look at how bond markets are digesting the latest US inflation print, the path for interest rates in the UK, and the potential impact of volatile global energy prices on fixed income.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast...2022-08-1223 minBondcast - The Rates PodcastIn a battle between inflation and growth, the BoE chose inflation - what's the impact on the policy outlook?In the latest episode of Bondcast, Imogen Bachra and Jan Nevruzi discuss the latest Bank of England meeting and what the Bank Rate hike means for markets and future monetary policy, and digest the recent snapback in US rates.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 4 A...2022-08-0416 minBondcast - The Rates Podcast'Data dependent, meeting-by-meeting' is the new central bank mantraIn the latest episode of Bondcast, Imogen Bachra, Kevin Cummins, and Giovanni Zanni digest the latest Fed meeting and discuss the path for future rate hikes, the European political landscape, and our expectations for the August Bank of England meeting.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded o...2022-07-2929 minBondcast - The Rates PodcastMarkets and central banks are in an inflationship, but it's complicatedIn the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giovanni Zanni debrief after the latest European Central Bank (ECB) meeting, dive into a deluge of recently released UK data, and take bets on whether the Fed will changed course on the road to higher interest rates.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomb...2022-07-2119 minBondcast - The Rates PodcastWhen inflation bites and geopolitics spikes, where do bond investors go?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the impact of the latest US inflation print, fears over European gas supplies, and UK political volatility on rates markets.Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 14 July 2022. For any term...2022-07-1531 minBondcast - The Rates PodcastWhat. A. Week.In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the market reaction to the political drama that unfolded in the UK, the latest ECB minutes, and our revised outlook for US rates.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 7 July 2022. 2022-07-0823 minBondcast - The Rates PodcastWhen volatility is high and conviction low, where should bond investors go?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi read the tea leaves on Sintra central banking conference, digest the latest inflation prints, and discuss the impact of recessionary risks on rates.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 30 June 2022. For...2022-07-0127 minBondcast - The Rates PodcastHave we reached peak inflation - and what does that mean for investors?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi talk about the hand-off from inflation to growth as the big theme driving market behaviour this week.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 23 June 2022. For any terms used please refer to this...2022-06-2427 minBondcast - The Rates PodcastMarkets are breaking up... it's not me, it's EU (and US)In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi make sense of the latest bout of market volatility following a trio of central bank meetings.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 16 June 2022. For any terms used please refer to this glossa...2022-06-1732 minBondcast - The Rates PodcastEurope's getting more hawkish, what will the Fed and the BoE do?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Kevin Cummins digest the European Central Bank's recent hawkish shift and discuss what to expect from the Bank of England and the Fed in June.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 9 June 2022. For...2022-06-1030 minBondcast - The Rates PodcastMarkets are more settled but tension between growth & inflation puts tightening in the spotlightIn the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the impact of a fresh UK fiscal injection on the outlook for bonds, the latest US Fed minutes, and monetary policy in Europe.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 26 May 2022. 2022-05-2621 minBondcast - The Rates PodcastAre markets convinced that central banks can keep inflation in check?In this special crossover episode of Bondcast and The Weekly Watch, John Briggs, Giles Gale, and Jan Nevruzi discuss the latest UK inflation prints and job data, the pace of US rate hikes, and the impact of the end of quantitative tapering in Europe.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB...2022-05-2017 minBondcast - The Rates PodcastDoes US inflation put 75bp hikes back on the table?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the latest US inflation print and share perspectives on market pricing in Europe and the UK.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 11 May 2022. For any terms used please refer to this...2022-05-1321 minBondcast - The Rates PodcastMarkets are taking UK and US rate hikes well, so why are European spreads volatile?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi discuss the most recent Fed and Bank of England meetings, and read the tea leaves on European Central Bank policy in the months ahead. Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 5 May 2022. ...2022-05-0625 minBondcast - The Rates PodcastHawks and doves are in full flight - how will they land at the Fed and BoE meetings?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take a closer look at what we expect from the upcoming Fed and Bank of England meetings, and the impact of growth concerns on the stagflation debate.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded o...2022-04-2830 minBondcast - The Rates PodcastMost roads lead to higher rates - how will markets respond?In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and Jan Nevruzi take a closer look at how the shift higher in UK and European bond yields might play out for markets, and discuss why the US is bucking the trend.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was re...2022-04-2225 minBondcast - The Rates PodcastIn a game of chicken, who blinks first - central banks or inflation?In the latest episode of Bondcast, Imogen Bachra, Jan Nevruzi, and Giovanni Zanni take a closer look at how markets (and central banks) are digesting shifting global inflation dynamics, and the risk landscape in Europe.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 13 April 2022. For any terms us...2022-04-1428 minBondcast - The Rates PodcastThe Fed is putting the pace of quantitative tightening in focus globally – what does that mean for bond markets?In the latest episode of Bondcast, Imogen Bachra and Giles Gale discuss the most recent Fed minutes release and potential implications for other regions and bond markets.Remember to hit ‘subscribe’ so you can watch our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find. And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email bondcast@natwest.com. NB: This was recorded on 7 April 2022. For any terms used please refer to this glossary: http...2022-04-0823 minBondcast - The Rates PodcastWill taming inflation come at the cost of growth?In the latest episode of Bondcast, Imogen Bachra and the NatWest Markets team of specialists – Giles Gale for Europe and Jan Nevruzi for the US – discuss the impact of higher inflation on yield curves, bond supply and pricing, and economic growth expectations.Remember to hit ‘follow’ so you can watch our latest episodes as soon as they’re available.NB: This was recorded on 30 March 2022. For any terms used please refer to this glossary: https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com...2022-03-3119 min