Hints and tips:
...“I’m sure assets would be higher if it wasn’t for that.”...
...it — the estimate had been for $114bn but we are only getting $112bn, and in a fiscal world with little to cheer about, that’ll do,” said Jim Leaviss, chief investment officer of public fixed income at M&...
...“They are trying to support the currency while not being seen as tightening,” said Eva Sun-Wai, fund manager at M&G Investments....
...“Investors have always worried about government debt and it’s never been a problem, but this time it feels like it’s for real,” said Jim Leaviss, chief investment officer of public fixed income at M&G Investments...
...Marc Filippino Mary McDougall is the FT’s bonds and currencies reporter. Thanks, Mary. Mary McDougall Thanks, Marc....
...“It feels like the market is anticipating a modification to yield curve control and is starting to price that already,” said Jim Leaviss, chief investment officer for public fixed income at M&G....
...“I’m not sure how realistic it is in the current context of where rates and yields are at the end of the day,” said Pilar Gomez Bravo, co-chief investment officer for fixed income at MFS Investment Management...
...“The US is running a budget deficit of 7 per cent — for [a] non recessionary period that’s very high,” said Jim Leaviss, fund manager at M&G, the asset manager....
...Marc Filippino The FT’s financial exchange correspondent, Mary McDougall, has been covering the fallout. Mary McDougall Poland’s very closely linked to the German economy....
...I’m joined now by the FT’s Mary McDougall. Hi, Mary. Mary McDougall Hi, Marc. Marc Filippino So, Mary, what was the strategy behind the move by Israel’s central bank?...
...“It feels like something is going to snap but I’m not quite sure what,” said Chris Turner, global head of markets at ING....
...“I’m not predicting this will happen but there’s a chance Argentina could fall into hyper inflation — monthly inflation will probably be in double digits in the coming months.”...
...“I’m not sure there is the political will to go in that direction.” The EU has €450bn of debt in issue, a huge increase from about €50bn in 2020....
...Mary McDougall Well, it was up a little bit on Monday, but generally it’s been down....
...“I’m on the bearish side of neutral in terms of the economy [but] the opportunity set [on investment grade debt] is as good on an ‘all in’ yield basis as it has been since the early 2000s,” said Jon Mawby...
...Emerging markets have done a good job at navigating this inflation shock and I’m not sure you could say the same about some of the western central banks”....
...Additional reporting by Mary McDougall...
...Here’s the FT’s bonds and currencies reporter Mary McDougall. Mary McDougall I think it’s really a story of central bank discipline....
...“I’m very confident system-wise we are still saturated with liquidity . . . but it might not be the most useful distribution in the sense that clearly there are some small and midsize banks that are more...
...The FT’s bonds and currencies reporter Mary McDougall explains what triggered the sell-off....
...fact that bonds have sold off and yields have risen is at least driven in part by hopes and expectations that a deal on that is near,” said Jim Leaviss, chief investment officer for public fixed income at M&...
...I’m Marc Filippino, and here’s the news you need to start your day. [MUSIC PLAYING] All the drama over raising the debt ceiling in the US is nearly over....
...I’m happy to report that Mr Martin makes a mean martini — I guess the clue is in the name....
...Sonja Hutson For the FT News Briefing, I’m Sonja Hutson....
...His planterly legacy lives on in Switzerland, and at Caerhays in the form of Magnolia Peter Smithers, a cross between M × veitchii and M × soulangeana Rustica Rubra, which has, as the Caerhays website says...
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