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iankmsmith.ft.com
Ian Smith
@iankmsmith.ft.com
8.2K followers 1.8K following 1.3K posts
Senior Markets Correspondent at the Financial Times. Previously insurance, markets, finance, stocks, pensions, you get the idea Stories: https://www.ft.com/ian-smith Contact: [email protected]
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · Jun 6
“It’s a classic supply-and-demand mismatch problem, but on a global scale”

The pressure is building in the long-term government bond market on.ft.com/3Zk9Dhx
The mounting pressure on bond markets
[FREE TO READ] For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt
on.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7h
how can someone do all this and avoid prison. what message does it send?
www.kentonline.co.uk/ashford/news...?
‘I was scared my husband would kill me – but he’s been allowed to walk free’
A woman who feared she would die at the hands of her controlling husband has told of her horror after he avoided prison despite years of abuse.
www.kentonline.co.uk
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Reposted by Ian Smith
atrupar.com
Aaron Rupar @atrupar.com · 7h
Obama: "When you see an administration suggest that ordinary street crime is an insurrection or a terrorist act, that is a genuine effort to weaken how we have understood democracy."
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 14h
Spare a thought for anyone publishing their think pieces on Friday's sell-off into Monday's rally. It's hard out there
www.ft.com/content/32b5...
US stocks rebound after Donald Trump takes softer tone on China
President adopts more conciliatory approach after threatening Beijing with 100% tariffs
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 14h
Bessent
www.ft.com/content/ca3b...
a cartoon of a building with stairs and a fire coming out of it
ALT: a cartoon of a building with stairs and a fire coming out of it
media.tenor.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 15h
lovely stuff from Alphaville
www.ft.com/content/f392...
Nobel Prize for Economics awarded to Joel Mokyr, Philippe Aghion and Peter Howitt
Congratulations to the winners from FT Alphaville
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 15h
icymi: Reeves planning to increase the buffer against self-imposed borrowing rule, reports @pickardje.bsky.social www.ft.com/content/c0fc...
Reeves looks at bigger tax rises and spending cuts to build up UK fiscal buffer
The chancellor is preparing for a crunch Budget next month
www.ft.com
1
Reposted by Ian Smith
financialtimes.com
Financial Times @financialtimes.com · 2d
Hamas reasserts control and settles scores in Gaza Strip on.ft.com/490LAcZ
Hamas reasserts control and settles scores in Gaza Strip
Militant group battles rivals and punishes suspected collaborators hours after agreeing ceasefire
on.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 2d
Oh boy
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Reposted by Ian Smith
katie0martin.ft.com
Katie Martin @katie0martin.ft.com · 3d
applications are still open if you are interested in working with me and @robarmstrong.bsky.social on the Unhedged newsletter

main task is to try and make me look clever and to compensate for my woeful inability to make nice charts

job-boards.eu.greenhouse.io/financialtim...
Unhedged Reporter
London
job-boards.eu.greenhouse.io
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 3d
Getting out of Dodge...

Investors flock to ‘ex-US’ stock funds in drive to diversify

Great reporting from @emilydherbert.bsky.social
www.ft.com/content/d5d4...
Investors flock to ‘ex-US’ stock funds in drive to diversify
Funds that exclude US stocks are attracting record inflows as investors ‘rebalance’ their exposure
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 3d
Credit insurance is back in the spotlight – my personal fomo. scoop from @leeharris.ft.com @bondhack.ft.com www.ft.com/content/de37...
Insurers prepare for wave of First Brands claims
Allianz, Coface and AIG among groups to have written credit insurance policies linked to bankrupt car parts maker
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 4d
And today don't miss @robarmstrong.bsky.social on the "debasement trade"
www.ft.com/content/4eef...
Gold as ‘debasement trade’ doesn’t add up
The yellow metal says one thing; Treasuries and the dollar another
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 5d
Don’t miss @katie0martin.ft.com on 🚀 on.ft.com/48QHpjV
Brace for a market melt-up
[FREE TO READ] Some say this is a ‘good’ bubble, but investors should remember that all bubbles burst in the end
on.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 5d
Pimco's Andrew Balls: “If you have to drive from here to somewhere 50 miles away, don’t have 50 miles worth of petrol"

Big investors say the best option to shore up gilts (not the only consideration ofc) would be Reeves giving herself more room against her fiscal rules
www.ft.com/content/7345...
Pimco and BlackRock tell Reeves to build bigger fiscal buffer
Big bond investors say chancellor needs to go beyond slim £9.9bn of margin left against key borrowing rule
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 5d
Past $4,000
www.ft.com/content/ed7f...
Gold price tops $4,000 for first time
Prices have doubled in less than two years as central banks stockpile bullion and investors pour in to gold funds
www.ft.com
iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 6d
the big q: who is going to triumph, Timothée Chalamet’s Dylan or Jeremy Allen White’s Springsteen? 🍿
iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 6d
Emerging markets: we're so back

Nice story from @jsphctrl.ft.com
www.ft.com/content/fbf7...
Emerging markets roar back with biggest stock rally in 15 years
‘Stars are finally aligning’ for EM assets, as weakening US dollar sends investors in search of yield
www.ft.com
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Reposted by Ian Smith
robinwigglesworth.ft.com
Robin Wigglesworth @robinwigglesworth.ft.com · 6d
Fire up your nerdiest group chat — the FT Alphaville Pub Quiz returns to London later this month. on.ft.com/47j6xxF
The FT Alphaville Pub Quiz returns to London on October 23. Here’s how to get tickets
Strictly quizness
on.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
💶⚓️
ecb.europa.eu
European Central Bank @ecb.europa.eu · 7d
Lagarde: The euro can be more than the currency of a continent and a symbol of unity – it can become a global anchor of trust.

Europe needs bold reforms to turn this vision into reality.
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
icymi the market:
iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
That productivity gain in full
www.ft.com/content/934c...
Deloitte issues refund for error-ridden Australian government report that used AI
Big Four firm will repay final instalment after incorrect references and citations found in document
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
💵🏝️https://www.wsj.com/finance/why-insurers-are-taking-your-money-to-the-cayman-islands-dc0bbf5c
Why Insurers Are Taking Your Money to the Cayman Islands
Some offshore jurisdictions don’t require insurers to hold as much extra capital in case investments turn sour.
www.wsj.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
More on a sensitive time for the JGB market
www.ft.com/content/9cc5...
Rout in Japanese bonds heralds ‘pivotal change’
Higher yields could be here to stay, but the JGB market has a history of confounding investors
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
The bad news for countries with elevated borrowing costs 👀 is that Japan's long-dated yields continue to drag everyone higher on this
www.ft.com/content/5eea...
Japanese stocks soar and yen tumbles after Sanae Takaichi wins ruling party leadership
Investors expect more fiscal spending and pressure on central bank to keep interest rates low
www.ft.com
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iankmsmith.ft.com
Ian Smith @iankmsmith.ft.com · 7d
...if you got this far read our Big Read from June on the record purchases by central banks in recent years, the bedrock of the three-year rally
www.ft.com/content/97fd...
How gold became the world’s refuge from uncertainty
In an era where core assumptions about the global economy are being questioned, gold has once more become an anchor — especially for central banks
www.ft.com
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