Bond rout pushes US mortgage rates past 7%
Summary
This FT News Briefing covers Xi Jinping’s historic Washington visit with Trump, where they extended a trade truce and announced a panda diplomacy breakthrough. The episode also examines the EU’s ultimatum for the UK to match Chinese tariffs to access "Made in Europe" subsidies, highlighting Brexit’s trade challenges. Additionally, it analyzes a severe bond market sell-off that has pushed US mortgage rates above 7%, signaling rising inflation and borrowing costs. The show concludes with updates on Netanyahu’s contentious UN speech and Jersey Mike’s expansion into the UK.
Topics discussed
Sponsor: Hard Lessons podcast
Introduction and daily news overview
Xi Jinping's visit to Washington and US-China relations
EU ultimatum to UK on tariffs and 'Made in Europe' subsidies
US bond market sell-off and rising interest rates
Netanyahu and Abbas address the UN General Assembly
Jersey Mike's expansion into the UK market
Closing remarks and show notes
Credits and production team
Sponsor: The Next 5 podcast
Sponsor: Strategic Alternatives podcast
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