The Federal Reserve's Interest Rate Hike Campaign Is Doing Damage to Short-Term Bonds

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Kate Wiggins: Western banks are hesitating over Sinjenta's IPO. She says it all comes down to geopolitical tension between China and the US. Wiggins: Banks say this is a great commercial thing for us, but are we ready for political scrutiny that comes with it?

The head of the Wagner militia has denied trying to overthrow the Russian government, and western banks may not be able to participate in the Shanghai IPO of Swiss chemicals group Syngenta. Plus, the Federal Reserve’s campaign to increase interest rates is doing damage to short-term bond yields.

Mentioned in this podcast:

Wagner chief hails march on Moscow as ‘masterclass’ but denies coup bid

Bets on bond renaissance frustrated by stubbornly high inflation

China’s biggest IPO in years poses $9bn question for western banks

Hollywood producer says champagne gifts for Netanyahu may have been ‘excessive’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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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