Global stock markets extend their declines as the US dollar continues to strengthen, assisted by higher Treasury yields. Crude oil has fallen to its lowest level since January on concerns that a global slowdown will cut demand in Europe and the US – all this as China’s Covid strategy hurts consumption by the world’s largest crude importer. Markus Allenspach, Head of Fixed Income Research shares his thoughts on the tasks ahead for the UK’s new PM as well as the impact of growth and inflation on the bond markets generally.00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:20 Market update with a fixed-income focus by Markus Allenspach (Head of Fixed Income Research)05:48 Closing remarks by Bernadette Anderko (Investment Writing)