The V Word
Friday 25th September 2026
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The "V" word is firmly back on the agenda as geopolitical friction, soaring energy prices, and relentless sovereign yield pressures inject fresh ‘volatility’ across global markets. This morning Phil and NAB’s Taylor Nugent break down the forces driving crude oil back over $106 a barrel as Red Sea insurance premiums soar and Middle East tensions escalate. Meanwhile, sovereign bond markets continue their dramatic bear steepening amid a persistent chorus of hawkish Fed…
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