🚨I'm starting a new job today as the FT's Senior Markets Correspondent #delighted
Keen to talk rates/FX and big global capital-markets stories, do get in touch at ian.smith@ft.com
Bonus Season 2024: Are you expecting a payout, or a doughnut? 🍩 The @FT’s *anonymous* bonus survey is now open. Last year, most said they would invest any cash, and one in six said they would pay a chunk off their mortgage. But one guy bought a boat!🛥
survey.ft.com/jfe/form/SV_5B…
🚨Job news! Excited to join the FT’s markets desk today covering sovereign bonds and currencies. Anyone with rates and FX story ideas, please get in touch: mary.mcdougall@ft.com
Interest rates are rising; easy money is over; the cracks are showing.
If you fancy a really jolly @FT film to kick off the holidays, come with us as we guide you through what could go wrong in financial markets in 2023
Ho ho ho
youtu.be/lFAQ0Euv724
‘Who is going to buy?’ UK set to unleash historic debt deluge via @FT @TomStub @bankofengland
As the UK awaits record bond supply, I am amongst other gilt market participants considering who will buy and what impact this might have #giltson.ft.com/3h6ePmj
“Jeremy Hunt has delivered a budget which has not seen gilt yields go to the moon and the pound crater, so this is roaring success so far” ft.com/content/e0606c19-a06a…
Investors say they're not baying for austerity 2.0, and that Rishi Sunak's government risks learning the wrong lessons from the gilts crisis ft.com/content/514f269b-dc0f…
LDI pension schemes have effectively subsidised long-term UK government borrowing for the last 20yrs - but that demand is fading, helped by the recent crisis. Important column by @patrickjenkins_ft.com/content/8d05c9d9-53d5…
Markets seem happy with Hunt's statement - via @TomStub:
- Sterling up 1.3% at $1.1316 against the dollar
- 30 year gilt yields trading 0.42% points lower, 2 year yields down 0.28% points, 10 year yields 0.36% points lower
ft.com/content/d653d334-b38e…
30-year gilt yields have now gone up 50bps and then all the way down again over the last three days. Totally normal, healthy market ft.com/content/102a51cd-b391…
Gilts are selling off again and we're getting pretty close to the levels that prompted the BoE's initial intervention two weeks ago ft.com/content/7d2da677-6284…
✨ New job tweet ✨
I'm starting as the FT's new digital markets correspondent, covering all things trading, traditional and crypto exchanges. Get in touch with tips, thoughts or story ideas!
The pound tumbled to an all-time low against the dollar this morning. What’s behind this market move and what can we expect next? Join @senoj_erialc@TomStub and @mfilippino for a Twitter Space at 2.30pm BST today
Set a reminder below 👇 #poundsterlingon.ft.com/3xQmPNy
We’re thrilled to announce that Laurence Fletcher (@journofletcher) & Tommy Stubbington (@TomStub), Financial Times have won ‘CFA UK Journalism Award: ESG, Climate and Sustainable Investing.’ 🎉
Congratulations!
#JouranlismAwards#CFAUK@FT