A deceptively important week for rates markets

This week on Bondcast, Imogen Bachra, Ian Vanderhorn, and Oriane Parmentier unpack a deceptively important week for rates markets: a mixed US labour report, softer European inflation, central-bank caution at Sintra, and growing focus on the Bank of England’s balance sheet and gilt market resilience. The big takeaway: markets may be pricing out near-term hikes, but the path ahead is anything but simple.Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on the big themes and events moving markets and shaping the economy.This episode was recorded on 2 July 2026.For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html