Emily Herbert
speaker
143 appearances
5 recordings
1 series
first heard May 2026
last heard 2 Sep
Emily Herbert’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Aug 2026 with 2.
Appearances
So it's definitely a big question for the market at the moment.
Like, is there a kind of magic level?
And I don't think there is.
I don't think we will find a kind of magic level where all the money tips out of the equity market into the bond market.
But I do think it's becoming a worry for equity investors that we might start to see a bit of money kind of leaking out of the stock market, into the bond market, and trying to capture some of those high yields.
Yeah, of course.
And I mean, borrowing costs and bond yields have been moving higher for a lot of this year, especially since the start of the war in the Middle East.
And stocks have also moved higher in that time.
So that kind of money moving out of the stock market argument hasn't really held up so far this year.
And I guess the explanation for that is that earnings have just still been really, really strong and investors are still really optimistic about the revenue, the profits that will come from the AI boom.
So I think until we maybe start to see some cracks in those earnings
It might be a hard sell for investors to really move out of that equity story where there is still a lot of hope.
Emily
People are very, very negative about the kind of future outlook for the debt pile in France.
Course.
So after the financial crisis, really, Italy for a long time was a big worry for people who were investing in European government bonds and people who were looking at deficits and fiscal sustainability in Europe.
They spent a lot of money, they had a massive debt to GDP ratio, and they were always viewed as the kind of big problem child in Europe.
Whereas France used to be grouped much more with, say, Germany as a bit of a safer, bigger market.
market that was viewed as less of a concern than it is now.
Yeah, it's not a new theme either.
Showing 21–40 of 143 · page 2 of 8
← Previous
Next →