Bonus episode: What the gilt meltdown means
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 11 October 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
The UK gilt market is in crisis mode. As Bloomberg managing editor for markets Kristine Aquino puts it in this week’s bonus episode of In the City, “monetary policy and fiscal policy are clashing wildly and the bond market is up in arms.”
Aquino joins hosts David Merritt and Francine Lacqua to discuss the two times this week that the Bank of England has added to its arsenal of tools aimed at curbing market turbulence.
Plus, Loukia Gyftopoulou, Bloomberg asset management reporter, explains the risks facing the UK pension industry and why these unprecedented moves could change the industry permanently.
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Transcript
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| 1:07.4 | I'm Francine Lacqua. And I'm David Merritt. And this is in the city the city Bloomberg's podcast connecting you to the stories and the voices at the heart of London |
| 1:15.6 | And right now we're going to be recording another bonus episode so much news coming thick and fast we just had to tackle this subject today |
| 1:23.0 | There are huge moves happening in the UK's guilt market in fact fact, some are saying that market is crumbling. |
| 1:29.3 | Yeah, could I just say that bonds are meant to be boring. Yeah, they are anything but, |
| 1:33.3 | Francine. I know. They're quite exciting. So we're going to try and really break it down to |
| 1:38.0 | make everyone understand what we're dealing with and what the way forward is for the Bank of England. |
| 1:45.3 | In the studio, we're joined by Christina Kino, managing editor of markets, and Lukia Giftopolu |
| 1:50.3 | asset management reporter, although we're calling her a pension queen. |
| 1:53.8 | Right, because it's all about pensions this week, right? |
... |
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