A grim week for bonds was capped by a stunningly hot US jobs report. Group Chief Economist Neil Shearing and Deputy Chief Markets Economist Jonas Goltermann joined the first episode of The Weekly Briefing from Capital Economics of the year to explain what these jobs numbers signal about the health of the US economy and how the Fed could respond.
They also discuss the fall-out in global bond markets, including why gilts have been under particular pressure despite the Labour government’s efforts to prove its fiscal bona fides with the investors.
Analysis and events referenced in this episode:
UK Weekly: Gilt market is not in crisis, but it does cause problems
https://www.capitaleconomics.com/publications/uk-economics-weekly/gilt-market-not-crisis-it-does-cause-problems
China Weekly: More weakness in store for the renminbi
https://www.capitaleconomics.com/publications/china-economics-weekly/china-weekly-more-weakness-store-renminbi
Capital Economics events
https://www.capitaleconomics.com/events
What is The Weekly Briefing from Capital Economics?
Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.