What's Next for Bond Prices?

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UK Prime Minister Liz Truss announced a £150 billion plan last week to blunt the pain of soaring energy costs. It's still unclear how she'll fund it, but financial markets have an idea. They're expecting a lot of new government debt to hit the market. This comes at a time also when Liz Truss wants to cut taxes further for businesses and for individuals which also will require funding.

King Charles heads to Scotland today, UK financial markets are bracing for Liz Truss’s energy package, and Russia’s Gazprom is making record profits even though it’s shipping a fraction of the gas to Europe that it did last year.

Mentioned in this podcast:

King Charles seeks to fortify the UK with tour of nations

Queen Elizabeth II: inside the royal finances

UK energy package will weigh on gilts and pound, analysts warn

High gas prices help Gazprom compensate for supply cuts

Ukraine’s Reznikov warns on Russian counter-attack

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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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