What’s bothering bonds?
5/14/202624 min
Yields on UK gilts are skyrocketing. But the UK is not the only country facing rising borrowing costs. Today on the show, Katie Martin and Rob Armstrong talk to new Unhedged contributor and former Bank of England employee Daire MacFadden about the new landscape of borrowing. Also, they go short the Lime e-bike IPO and long macarons.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 10:00
[upbeat music] Today's markets move fast. Get the insights you need in 10 minutes with The Barclays Brief, a new podcast from Barclays Investment Bank. Through sharp dialogue and scenario-based analysis, our leading experts analyze key market themes each week. So whether you're managing a portfolio or leading a business, The Barclays Brief podcast can help you make smarter decisions today. Stay sharp, stay briefed. Find The Barclays Brief wherever you get your podcasts.
Katie Martin· Host0:29
[upbeat music] Pushkin. Stock markets are so hot right now. People keep telling me with a straight face that the biggest risk in stocks today is that we're not taking enough risk in stocks. Let's see how that one ages, shall we? Anyway, meanwhile, bonds, not happy. Like they're really not happy. Bond prices are down, which means borrowing costs are cranking higher all over the world. Meanwhile, the UK has done what it does best and manufactured a political crisis out of thin air. So UK government bonds, or gilts, are really feeling the heat. Today on the show, what's bothering bonds, why do normies care, and how can the UK avoid making a bad situation worse? [upbeat music] This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin. I'm Katie Martin, a markets columnist down