30TH SEPTEMBER 2022 / PIERS CURRAN

CARNAGE IN UK BOND/FX MARKETS – WHAT HAPPENED, WHAT’S NEXT?

Topics discussed in this episode

Unprecedented Emergency Action: The Bank of England to purchase £80bn long-dated UK Government Bonds to save the Pension industry – But why did they do this, and will it work?
UK Government bond yields spike above 5% in one of the largest market moves in history as traders panic over the sustainability of UK debt – Are these fears rational and where do yields go from here
What is Liability Driven Investment (LDI) and how did It nearly break the UK bond markets this week?
UK Pension funds driven to panic bond selling to cover interest rate swap margin calls. And, what are interest rate swaps anyway?
We lift the bonnet on this week’s Porsche IPO. Was it successful, was it priced correctly, how did the suspect Governance issues result in a discounted share price and what does it mean for Porsche’s future?