India’s quid pro quo trade strategy
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 March 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ‘quid pro quo’ strategy for trade talks.
Mentioned in this podcast:
US and Japan plan biggest upgrade to security pact in more than 60 years
Investors pour money into US corporate bond funds at record rate
India’s ‘quid pro quo’ strategy for trade talks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Monday, March 25th, and this is your |
| 0:17.6 | F.T. news briefing. Japan and the U.S. want their militaries to collaborate better and the US |
| 0:25.8 | corporate bond market is raking in money. Plus India is offering more access to |
| 0:32.1 | its markets but it comes at a price for international companies. |
| 0:36.8 | I'm Sonia Hudson, and here's the news you need to start your day. sources tell the F.T. that the US and Japan are planning a massive upgrade to |
| 1:00.9 | their security alliance. The two countries are trying to double down |
| 1:04.8 | on protection against what they see as an increasing threat from China. The plan is to |
| 1:10.8 | restructure the US military command in Japan to make cooperation easier. |
| 1:16.1 | US President Joe Biden and Japan's Prime Minister Fumio Kishita |
| 1:20.4 | will announce the plan at the White House next month. |
| 1:23.0 | A record amount of money has flooded into U.S. corporate bond markets this year. |
| 1:34.8 | Investors are trying to lock in some of the highest yields in years, but the strategy could be |
| 1:39.6 | risky. |
| 1:40.6 | Here to explain is the F.T. is Harriet Clerfeld. Hi Harriet. |
| 1:44.0 | Hi, so why are investors putting so much money into the corporate bond market right now? |
| 1:49.0 | So there are a few different reasons. |
| 1:52.0 | Taking a step back, we starting in March 2022 |
| 1:56.0 | had this aggressive pace of interest rate rises |
| 1:58.3 | from the US Federal Reserve. |
| 2:00.9 | And that really put a stopper in corporate bond issuance. |
... |
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