Episode
UBS On-Air: Paul Donovan Daily Audio 'Capping inflation'
- Podcast
- UBS On-Air: Market Moves
- Published
- May 20, 2026
- Duration seconds
- 177
- Processing state
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Summary
Bond markets remain nervous about the Iran war (which potentially impacts inflation and fiscal deficits). Investors hope that market angst might encourage a US policy shift, as it did with tariffs. However, (at the time), tariffs were under US President Trump’s direct control and could be changed on a whim. Middle Eastern politics is a little more complex.