Canaccord Coffee Break

Yields on gilts (UK government bonds) have climbed to the highest levels in decades, sterling has weakened and markets are beginning to price in rising political and economic risk in the UK. Investors are demanding a higher return to lend and that shift can feed quickly into mortgages, borrowing costs and growth.

What level do yields need to reach before this becomes a real problem and what does that mean for your investments?

Jane Parry, Chief Marketing Officer, is again joined by Tom Hibbert, Chief Investment Strategist, this week to talk about:

• Why gilts are under pressure from political uncertainty and global bond market trends
• What rising yields mean for growth, inflation and the wider UK economy
• Where risk levels begin to escalate and what higher yields could trigger
• Why today’s yield levels may also present a more attractive entry point for investors.

This week’s episode explains what’s driving the current pressure in UK markets and why higher gilt yields could be significant for your portfolio.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

What happens when ‘safe’ assets stop being safe? Infrastructure and gold are both traditionally seen as safe havens - yet recently they’ve been telling very different stories. One has quietly gathered momentum, while the other has lost its footing, despite an environment where many investors might expect both to benefit.

Why are two assets often grouped together as safe havens now behaving so differently?

This week, Jane Parry, Chief Marketing Officer, was joined by Leah Bramwell, Head of Tailored Investment Solutions, to discuss:

• Why infrastructure has evolved beyond a purely defensive role
• How AI-driven investment is feeding through into utilities and energy networks
• Why gold hasn’t behaved as expected despite inflation and geopolitical uncertainty
• What the divergence between traditional safe havens tells us about today’s market dynamics.

This episode is a reminder that labels like ‘safe haven’ can hide very different underlying drivers.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

After the wobbles of March and domination of geopolitics on headlines, global equity markets surged in April, delivering their strongest month since late 2020. The key question for investors is why that rally was so powerful and what it means for long‑term returns from here.

Is this simply excitement and momentum at work, or something more fundamental?

Canaccord Coffee Break podcast – 7 May 2026

This week, Jane Parry, Chief Marketing Officer, was again joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• Why markets looked past recent shocks and refocused on fundamentals
• How strong earnings - particularly in the US - powered April’s rally
• What the latest results from the big US tech stocks tell us about AI, costs and profitability
• Why central banks stayed quiet despite a busy week of meetings and what that signals for interest rates.

April’s rally wasn’t driven by hope alone. Robust earnings, record margins and improving corporate discipline have played a central role - raising an important question about how much of that strength is already priced into today’s markets.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Oil prices have been volatile recently, surging from around US$60 to US$100 a barrel, yet markets have remained surprisingly calm. Unlike past energy shocks, this move has so far looked contained rather than disorderly - even with the conflict in the Middle East unresolved.

What’s different this time and why should investors be paying attention?

This week, Jane Parry, Chief Marketing Officer, speaks with Tom Hibbert, Chief Investment Strategist about:

• Why today’s oil shock looks very different from past crises
• How markets have adapted through alternative supply routes and strategic reserves
• Why inflation is the key risk and what would make it more concerning
• What higher oil prices mean for central banks and interest rate expectations.

Oil prices may be higher, but the real risk lies in what happens next: if energy costs start feeding into wages, prices and expectations more broadly.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

In just two weeks, markets have swung from panic to confidence. Equities are back at record highs, oil prices fell and gilts (UK government bonds) have seen a surge in demand.

It’s the speed and breadth of that shift that has caught some investors off guard. Markets appear to be pricing in calm, even as geopolitical risks remain unresolved and sentiment continues to turn quickly with each new headline. How long can the calm last?

This week, Jane Parry, Chief Marketing Officer, is joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• Why markets rebounded so quickly and why the pace of the recovery matters
• What highly ‘rotational’ markets reveal about investor confidence today
• Why record demand for UK gilts is sending a strong signal from bond investors
• How resilient earnings and economic data are supporting risk assets.

Rapid rotations and sharp reversals have become a defining feature of this market, making it harder to rely on simple narratives or single themes. For investors, staying balanced an adaptable becomes increasingly important.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Markets rallied sharply last week following a ceasefire announcement between the US and Iran. The scale of the market response was positive - yet surprising - given how fragile and uncertain the situation remains.

Energy prices remain well above pre‑conflict levels, with disruption through the Strait of Hormuz continuing. That has brought renewed focus on the risk of stagflation - a challenging environment where inflation stays high even as economic growth slows.

This week, Jane Parry, Chief Marketing Officer is joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• Why markets reacted so strongly to the ceasefire announcement
• Why higher energy prices can slow growth while pushing inflation higher
• What stagflation means for investors and clients, why it’s such an unwelcome scenario and if any assets tend to perform well during it.

Markets may be responding to better news, but the situation remains fluid. In periods like this, resilience, diversification and forward planning tend to matter more than reacting to short term price moves.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

After several weeks of volatility in the Middle East dominating headlines, markets showed more encouraging signs last week. Equity markets moved higher, bonds also rallied and sentiment appeared to stabilise as investors focused on improving fundamentals rather than daily news flow.

While uncertainty hasn’t disappeared, recent market moves suggest investors may be starting to look through the noise.

This week, Jane Parry, Chief Marketing Officer is joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• What drove last week’s more positive tone across equity and bond markets
• Why certain parts of the market responded particularly strongly
• Signs of resilience in global economic data and company earnings expectations
• Why fundamentals (such as company earnings and economic data) remain important when markets feel uncertain.

In times like these, day to day moves can feel unsettling - but they don’t always tell the full story.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Markets are telling two very different stories right now. On one hand, equities and credit markets have been surprisingly resilient despite the heightened uncertainty around the conflict in Iran and surging energy prices. On the other, UK government bonds (gilts) are showing sharp moves, with yields rising above 5% - levels not seen since the financial crisis.

This week, Jane Parry, Chief Marketing Officer is joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• Why markets are currently pricing two very different economic outcomes
• What resilience in equities and credit markets is really telling us
• Why gilts are reacting so differently
• Whether rising yields reflect genuine risk, or a potential opportunity for investors.

While uncertainty remains high, understanding how different parts of the market are responding can help cut through the noise. As always, maintaining perspective, staying diversified and focusing on long-term objectives remains key.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

The situation in the Middle East continues to drive markets, with tensions around the Strait of Hormuz keeping energy prices elevated. While oil grabs the headlines, another important market reaction is happening elsewhere: UK government bond (gilts) yields are now approaching 5% - levels not seen since the financial crisis. For long-term investors, this surge isn’t just a headline, it could represent a rare opportunity to secure attractive, tax-efficient returns.

This week, Jane Parry, Chief Marketing Officer is joined by Leah Bramwell, Head of Tailored Investment Solutions, to discuss:

• How the Strait of Hormuz-driven energy shock is feeding into inflation and interest rate expectations
• Why central banks are pausing but signalling very different paths ahead
• What’s behind the sharp move higher in UK gilt yields.

In a fast-moving environment, it’s easy to focus on the headlines. But often, the real story lies in how markets respond and where that creates opportunity.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

The Strait of Hormuz - through which around a fifth of the world’s oil flows - is now at the centre of escalating tensions, sending energy prices sharply higher and raising fresh questions for inflation and interest rates.

Oil has surged above US$100 a barrel, with sharp swings reflecting just how uncertain the situation remains. But this isn’t just about energy: when oil moves, it feeds into almost every part of the global economy, from supply chains to inflation, and ultimately central bank decisions.

This week, Jane Parry, Chief Marketing Officer is joined by Tom Hibbert, Chief Investment Strategist, to discuss:

• Why the Strait of Hormuz has become the key flashpoint for markets
• How energy prices are feeding through into inflation and growth expectations
• Why central banks in the UK, US and Europe are responding differently
• What investors should be watching as the situation continues to evolve.

Markets have remained relatively resilient so far, but the backdrop is shifting quickly. As always, staying diversified and focused on the long term remains key.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email [email protected]. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.

CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).

CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.