As the Bondcast team returns from summer, they discuss recent movements in rates markets, focusing on fiscal concerns in the UK, expectations for the upcoming Autumn Budget, the outlook for the US economy and Federal Reserve policy, political risks in France, and expectations for the European Central Bank's next meeting. 

To read Oriane's take on French political risk, click https://www.natwest.com/corporates/insights/markets/political-standoff-in-france-scenarios-and-market-implications.html 

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This episode was recorded on 4 September 2025, and captions are automatically generated. 

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