Bonds Podcasts

European Rates: Scandinavian Rate Outlook – a Long Winter Hibernation

In this brief episode, J.P. Morgan analysts Francis Diamond and Frida Infante examine the current state and near‑term outlook for Swedish and Norwegian sovereign and corporate rate markets. They highlight that both countries are entering a prolonged period of low‑rate stability—described as a "winter hibernation"—driven by subdued inflation, modest economic growth, and accommodative monetary policy. The analysts note that while the low‑rate environment supports debt issuance, it also limits yield opportunities for investors, prompting a focus on credit quality and sector‑specific spreads. Their expertise in European fixed‑income markets provides a nuanced view of the risks and opportunities ahead.