Shows / Bondcast - The Rates Podcast
Bondcast - The Rates Podcast
In this weekly podcast series, Imogen Bachra along with the NatWest Markets team of rates & markets specialists help investment professionals shape their portfolio views on fixed income, learn how the biggest themes, trends, and events affect bond performance, and get deeper insight into rates markets including the latest analysis & research from the NatWest team.
Episodes
- Bondcast - The Rates Podcast
A cut for UK rates in August, but will the Fed follow suit in September?
It wasn't the first cut in the cycle, nor at 25 basis points was it the deepest, but there was still plenty to talk about following the Bank of England's…
- Bondcast - The Rates Podcast
A hold in the US, but the devil is in the details
This week Joann Spadigam, Kevin Cummins and Ian Vanderhorn focus on the Federal Reserve's decision to hold rates in the US. They analyse the stance on interest…
- Bondcast - The Rates Podcast
Central bank spotlight
This week, it's all about central banks. Host Joann Spadigam is joined by Paul Robson and Deepika Dayal to discuss the ECB's recent interest rate hold…
- Bondcast - The Rates Podcast
UK and US policy in the spotlight
Joann Spadigam, Paul Robson and Ian Vanderhorn take a closer look at the latest UK data and the potential impact on the Bank of England’s thinking around rate…
- Bondcast - The Rates Podcast
Complacency, complexity and complications
In this episode of Bondcast, Joann Spadigam and Stuart Sparks discuss the current state of tariffs and trade deals, particularly in relation to the US and…
- Bondcast - The Rates Podcast
Where there's a Bill, there's a way
This week, Joann Spadigam, Paul Robson and Ian VanderHorn discuss recent developments in bond markets, focusing on gilt market volatility, the Bank of…
- Bondcast - The Rates Podcast
Normal service resumes?
This week, Joann Spadigam is joined by Kevin Cummins, Paul Robson and Stuart Sparks to discuss the recent geopolitical shifts and the impact on markets…
- Bondcast - The Rates Podcast
Interest rate holds and global uncertainty
This week Joann Spadigam is joined by Paul Robson in a Bondcast/Currency Exchange crossover to talk about interest rate holds in the UK and US. Were there any…
- Bondcast - The Rates Podcast
Italy's hot, but France not so much as spreads near to zero
This week, Joann Spadigam, Giovanni Zanni, and Oriane Parmentier discuss the convergence of Italian and French yields. As the spread nears zero, they analyse…
- Bondcast - The Rates Podcast
What to expect ahead of UK and US rate decisions
In this episode, Joann Spadigam, Paul Robson and Stuart Sparks discuss recent economic data in the UK, including inflation and labour market statistics, the…
- Bondcast - The Rates Podcast
ECB on summer break, but what about the UK and US?
This week Joann Spadigam, Paul Robson and Stuart Sparks discuss the recent European Central Bank meeting, interest rate projections, and the implications of…
- Bondcast - The Rates Podcast
Japan, UK issuance, and another tariff re-de-escalation
With Japan’s bond markets making headlines, Joann Spadigam is joined by Paul Robson and Stuart Sparks to analyse market sentiment and discuss the broader…
- Bondcast - The Rates Podcast
A curse on curves?
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…
- Bondcast - The Rates Podcast
Growth returns, but what about inflation?
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…
- Bondcast - The Rates Podcast
A hawkish cut and a hawkish hold
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…
- Bondcast - The Rates Podcast
De-escalation helps markets, but UK yields remain high
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…
- Bondcast - The Rates Podcast
What to make of recent market events?
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…
- Bondcast - The Rates Podcast
The market reacts to tariffs, but where to from here?
In this crossover episode of Bondcast and Currency Exchange, Imogen Bachra is joined by Brian Daingerfield and Oriane Parmentier to discuss all things tariffs…
- Bondcast - The Rates Podcast
UK Spring Statement, market signals and more
This week Imogen Bachra, Joann Spadigam and Stuart Sparks discuss the UK Spring Statement, its implications for the UK fiscal situation, and the upcoming…
- Bondcast - The Rates Podcast
Unchanged melody?
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…
- Bondcast - The Rates Podcast
Risks have returned, but will the shocks continue?
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…
- Bondcast - The Rates Podcast
A cut in Europe, but questions abound
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…
- Bondcast - The Rates Podcast
Geopolitics, markets and military might
Welcome to a special edition of Bondcast, where we dive into the geopolitical events shaping markets. Host Imogen Bachra is joined by Scott Livingstone…
- Bondcast - The Rates Podcast
Europe will emerge stronger?
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…
- Bondcast - The Rates Podcast
Strong US labour data, but the Fed remains patient
In this episode of Bondcast, Imogen Bachra, Joanne Spadigam, and Deepika Dayal discuss the latest trends in rates markets, focusing on inflation data, labour…
- Bondcast - The Rates Podcast
The trade war whiplash
In this episode, Imogen Bachra, Brian Daingerfield and Oriane Parmentier discuss the latest developments in rates markets, focusing on trade war dynamics…
- Bondcast - The Rates Podcast
A hold, a cut and pension fund tweaks
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…
- Bondcast - The Rates Podcast
Dilemmas, Donald and de-risking
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…
- Bondcast - The Rates Podcast
“One swallow doesn’t make a summer” (16 January '25)
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…
- Bondcast - The Rates Podcast
Rising borrowing costs in the UK, but is it alone?
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…
- Bondcast - The Rates Podcast
The three kings of central banking: ECB, Fed and BoE
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…
- Bondcast - The Rates Podcast
A new French PM, future cuts by the ECB and US employment data
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…
- Bondcast - The Rates Podcast
The Year Ahead 2025: Rates markets and the fiscal cliffhanger
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…
- Bondcast - The Rates Podcast
US 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…
- Bondcast - The Rates Podcast
UK 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…
- Bondcast - The Rates Podcast
Betting markets, a big Budget and a dovish shift
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…
- Bondcast - The Rates Podcast
Data dependence, dovishness and the devils in the details
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…
- Bondcast - The Rates Podcast
US inflation data, higher UK yields and eurozone analysis
This week the Bondcast team unpicks higher-than-expected Consumer Price Index data in the US, and shares where they think rates will go from here. In the UK…
- Bondcast - The Rates Podcast
New UK fiscal frets and old French fears
This week Imogen Bachra and Joann Spadigam ruminate about rates markets on either side of the Channel. In the UK, markets appear to be waking up to fiscal…
- Bondcast - The Rates Podcast
European spreads, a Labour conference and new US data (27 September '24)
This week, host Joann Spadigam is joined by Deepika Dayal and Ross Walker to discuss all things rates. In Europe, what is the market's attitude towards…
- Bondcast - The Rates Podcast
In the end, a 50 basis point cut
This week Ross Walker and Kevin Cummins discuss central bank rates decisions in the US and the UK. Markets had all caught up by the time the Fed announced its…
- Bondcast - The Rates Podcast
25 basis points or 25 basis points?
With the cutting cycle among major central banks under way, Giovanni Zanni, Kevin Cummins and Paul Robson talk all things rates markets. Ahead of the much…
- Bondcast - The Rates Podcast
US jobs jitters and finally, a French PM (06 September '24)
In an early ode to autumn, our Bondcast trio predict a season of missed targets and not-so-mellow economic conditions. This week host Imogen Bachra is joined…
- Bondcast - The Rates Podcast
A cut and a hold before we break for summer
It’s been a big week for rates markets. Imogen Bachra, Joann Spadigam, and Kevin Cummins dig into the Federal Reserve’s decision to keep interest rates on…
- Bondcast - The Rates Podcast
Rates markets in the Veep State (26 July '24)
Joe Biden’s withdrawal from this year’s presidential race means “Veep” Kamala Harris will likely face Donald Trump. How are markets affected? This week Imogen…
- Bondcast - The Rates Podcast
Summertime sadness? (19 July 2024)
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…
- Bondcast - The Rates Podcast
No victory lap just yet (11 July 2024)
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…
- Bondcast - The Rates Podcast
Politics is in focus everywhere
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…
- Bondcast - The Rates Podcast
Elections preview: The UK, France and market pricing
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…
- Bondcast - The Rates Podcast
A hold in UK rates, but a dovish set of minutes - 21 June '24
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…
- Bondcast - The Rates Podcast
Elections, market confidence and a Fed update - 14 June '24
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…
- Bondcast - The Rates Podcast
7 June '24: A cut in Europe and expectations for the Fed
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…
- Bondcast - The Rates Podcast
31 May 2024: Politics, markets and the run up to a likely cut
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…
- Bondcast - The Rates Podcast
Election surprises and expectation overshoots
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…
- Bondcast - The Rates Podcast
Are the prints charming?
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…
- Bondcast - The Rates Podcast
What monetary policy divergence could mean for markets
This 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…
- Bondcast - The Rates Podcast
A Fed hold and imperfect markets
This week host Imogen Bachra is joined by Kevin Cummins and Joann Spadigam to discuss how major central banks are approaching monetary policy. In the US, the…
- Bondcast - The Rates Podcast
Led 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…
- Bondcast - The Rates Podcast
Questions of level and time
This week host Imogen Bachra is joined by John Briggs and Joann Spadigam to discuss bond market movements. With scant evidence of grand disinflation in the US…
- Bondcast - The Rates Podcast
Stronger for longer
This week host Imogen Bachra is joined by Joann Spadigam and Deepika Dayal to pick over recent developments in bond markets. Much of the focus this week was on…