In this episode of Bondcast, Ian Vanderhorn and market specialists Paul Robson and Oriane Parmentier discuss the latest developments in rates markets. They focus on political uncertainties in the UK, the implications of recent job market reports in the US and the Euro area’s supply situation.

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This episode was recorded on 12 February 2026, and captions are automatically generated.

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In this week’s Bondcast, Ian Vanderhorn is joined by Oriane Parmentier and Paul Robson to discuss policy updates in the US, the UK and Europe. 

The Bondcasters kick off this week’s podcast with a review of the Bank of England’s ‘dovish hold’ on 5 February and take a closer look at the drivers behind recent upward drift in yields.

The ECB followed the Bank of England with a rate hold of its own this week – and Oriane digs into what this could mean for the trajectory for rates in the months ahead.

Finally, Ian discusses the latest news out of the Fed: Kevin Warsh’s appointment as the new Fed Chair to replace Jerome Powell once his term concludes in May. Will Warsh’s past views of Fed’s mandate, and the way it uses its balance sheet, affect the trajectory for rates later this year and beyond? Tune in to find out.

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This episode was recorded on 5 February 2026, and captions are automatically generated.

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In this week’s Bondcast, Joann Spadigam is joined by Stuart Sparks and Paul Robson to discuss policy updates in the US, the UK and Europe. Following a much-predicted 25 basis point cut by the Fed, there is still plenty to ponder on US monetary policy going into 2026. And with the Bank of England expected to also cut rates in December, how matched are the two monetary cycles? In Europe, of course, the story is quite different: a glut of supply and rumblings of a rate hike.    

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This episode was recorded on 11 December 2025, and captions are automatically generated.

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In this special edition of Bondcast, host Tim Phillips is joined by Paul Robson, Joann Spadigam and Stuart Sparks to ask what lies ahead in bond markets in 2026 – a year where the focus will be squarely on the Federal Reserve. 

They explore the challenges of elevated sovereign issuance, shifting bond demand, and the global repercussions of fiscal and monetary policy – looking at the UK, the US and Europe in the process. What might steepen curves, and what indicators should we monitor in 2026? 

Finally, the panellists each share their bond superhero names from the Agents of Yield universe...

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To access all the content from our Year Ahead 2026 report, visit natwest.com/yearahead 

This episode was recorded on 12 November 2025.

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In this week’s Bondcast, Joann Spadigam is joined by Deepika Dayal and Paul Robson to discuss the outlook for next week’s interest rate decision from the Bank of England, as well as the implications of fiscal policy on the UK’s monetary stance. They alsoshare insights from the recent Federal Reserve meeting, which delivered a cut, and the European Central Bank's decision to hold rates.

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This episode was recorded on 30 October 2025, and captions are automatically generated. 

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In this week’s Bondcast, host Joann Spadigam is joined by Paul Robson and Ian Vanderdorn to discuss rates markets. They analyse the UK’s latest inflation figures and prospects for base rate cuts, the Federal Reserve's monetary policy stance during government shutdown, and Europe, where inflation is at target, but France’s credit rating has taken a knock.

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This episode was recorded on 23 October 2025, and captions are automatically generated.

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This week, host Joann Spadigam and guests explore a change in the fortunes of fixed-income assets, led by gilts and comments from the Bank of England on monetary policy. They also delve into the political landscape in France, highlighting the challenges faced by the new government during the budget season. Plus ça change. Finally, they address the supply-demand dynamics in European markets, emphasising the role of overseas buyers and the concerns regarding duration mismatch in bond issuance.

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This episode was recorded on 16 October 2025, and captions are automatically generated.

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With fresh turmoil in the French parliament, this week's host Ian Vanderhorn is joined by guest Oriane Parmentier to talk about what might happen in the days ahead. They also analyse the likely path of OATs and how markets may react to further news. Lastly, they discuss the government shutdown in the US.

This episode was recorded on 9 October 2025, and captions are automatically generated.

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This week host Joann Spadigam is joined by Ian Vanderhorn to analyse what the US Government shutdown means for markets, and the data they rely on. They also delve into the political dynamics behind the shutdown, and the reaction in markets. But it's not all about the US... they also focus on the impact of pension fund transitions in Europe and what this means for bond markets there.

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This episode was recorded on 2 October 2025, and captions are automatically generated.

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In this episode of Bondcast, host Ian Vanderhorn and guests discuss recent monetary policy decisions made by the Bank of England (BoE) and the Federal Reserve. And while the policy rates delivered few surprises, there is still much for markets to think about. Paul Robson provides insights into the BoE's interest rate hold and the adjustments in quantitative tightening, while Ian analyses the Fed's recent rate cut, its forward guidance, and whether markets are in line. Finally, Oriane Parmentier concludes with an update on the German DMO's funding strategy and its impact on market dynamics.

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This episode was recorded on 18 September 2025, and captions are automatically generated.

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