John Stepek

speaker

2,551 appearances 28 recordings 1 series first heard Apr 2026 last heard 6d ago

John Stepek’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 28 in all, peaking in Jul 2026 with 7.

Appearances

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Merryn Talks Money · Can Governments Afford These Interest Rates? · 18 Sep 2026 podcast

long dated guilt market is on the Bank of England's balance sheet. matched

So you've basically removed an overhang of about a fifth from the market. matched

So it's not really any wonder that the thirty year yield, which was threatening to go above six percent, has kind of dropped significantly today. matched

And also I mean, you know, maybe this marks uh a lull in the the kind of bond par ma sorry, bond market panic. matched

I don't know that I don't know that it's a turning point 'cause we've got plenty of inflation to come. matched

We get plenty of inflation to come. matched

Not by the end of the year, by the beginning of next year. matched

Yeah. matched

So yeah, above. matched

And the longer matched

bank looks stupid. matched

Yeah. matched

They must have a matched

I mean they've got to be getting chat GPT to do it. matched

I think. matched

I mean, yeah, I mean think buying gold is perfectly reasonable, valid you know, and we've said it a million times, but it makes a lot of sense. matched

Um and I do think well, I mean, the other thing the Bank of England did do today matched

was something that looks as if it might end up being like the kind of Bessant style operation twist thing. matched

So basically it sells the longer dated guilts to the debt management office and they replace it with shorter dated ones. matched

Um and so you know to kind of bring down longer term interest rates. matched

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