In China, equity markets rallied as investors there entertained the prospect that the zero-Covid policy might be dropped but at the same time the area around Foxconn Technology’s group has been put into a 7-day lockdown, which will drastically curtail shipments in and out of the world’s largest iPhone factory. US equity markets fell yesterday, the dollar faltered and 2-year Treasury yields rose – all in anticipation of another 75 basis point rate hike by the US Federal Reserve later on today. Dario Messi joins us from Fixed Income Research to share his thoughts on what to expect from the Fed (there’s a clue in the title).

00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)

04:27 Fed preview by Dario Messi (Fixed Income Research)

07:26 Closing remarks by Bernadette Anderko (Investment Writing)