Who is The House? | MarketTalk

Rising oil prices continue to fuel inflation fears, pushing global bond yields higher and putting pressure on equities. Even the US Treasury’s announcement to triple the size of today’s 10- to 20-year bond buyback has failed to calm the long end of the yield curve. Scott Bessent says he is “the house now”, but markets are clearly not playing along. And there is a delicious historical irony. Back in 1992, Bessent was on the other side of the table, working with George Soros as markets forced Britain out of the ERM on Black Wednesday. The lesson then? Fighting fundamentals can get very expensive. Meanwhile, the ECB is preparing another 25bp rate hike as Europe faces a renewed energy-driven inflation shock. Higher rates, higher oil prices and higher yields are testing policymakers and investors alike. So, who really is the house now, and what’s at stake? Watch the full episode to find out more! 0:00 Intro 1:04 Market update 2:49 What happened in 1992? 6:41 ECB to raise rates for the second time since June: what to expect? Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025. #ScottBessent #USTreasuries #BondMarket #BlackWednesday #GeorgeSoros #ECB #ChristineLagarde #Oil #Inflation #InterestRates #Markets #Investing #StraitOfHormuz #Swissquote #MarketTalk _____ 👉 Discover our brand and philosophy: https://www.swissquote.com/en/group _____ 👉 Deepen your trading and investing knowledge with Swissquote Inspire: explore our articles, analyses, webinars and exclusive content: https://www.swissquote.com/private/inspire _____ 👉 Discover Swissquote’s culture and join a company that values innovation, diversity and team spirit: https://www.swissquote.com/en/careers