Baird's Diederich: Yields Look Attractive Amid Short-Term Inflation Rise
In this episode, Baird Portfolio Manager Gabe Diedrich explains why bond yields remain attractive despite a short‑term uptick in inflation, emphasizing that the Federal Reserve is likely to pause rate cuts until more data arrives. He notes that the labor market is solid but not overheating, giving the Fed breathing room, and suggests investors can benefit by holding higher‑yielding bonds while waiting. The discussion is framed alongside interviews on the new Morgan Stanley Bitcoin Trust ETF and private‑credit pressures in private equity, highlighting broader market dynamics.
How Bond Issuers Will Take Advantage of Iran Ceasefire
The episode examines how the recent Iran‑US ceasefire is reshaping bond issuance in the Gulf and broader emerging markets. With public markets still volatile, sovereigns like Abu Dhabi and Qatar, as well as Egypt, have turned to private placements, accepting slightly...
The Gulf’s Banks Get Ready for Recession
The episode examines the resilience of the sub‑sovereign and supranational bond market amid Middle‑East tensions, highlighting strong issuance and investor demand for AAA‑rated public‑sector bonds despite rising yields. Hosts discuss recent deals across Europe and New Zealand, noting that issuers...
256: AI and Bond Markets: How Artificial Intelligence Is Reshaping Fixed Income Investing
Artificial intelligence is reshaping fixed‑income markets, influencing capital demand, real interest rates, and debt issuance as firms fund AI infrastructure through bonds. Jeff Rosenberg of BlackRock Systematic explains how machine‑learning and generative AI enhance systematic investing, sentiment analysis, and issuer...
TIPS Yields Are Super High and Kevin Esler Has Returned to Help You Build a TIPS Ladder Using tipsladder.com
Larry Kotlikoff and TIPS specialist Kevin Esler discuss why today’s high real yields on Treasury Inflation‑Protected Securities (around 2.5% on the 30‑year) make building a TIPS ladder an attractive way to protect retirement income. They explain how the free tool...
The Real Risk Isn’t War- It’s What Comes Next
In this Macro Mondays episode, Mikkel Rostewald and Andreas dissect the ongoing Iran‑U.S. conflict, weighing the likelihood of diplomatic resolution versus a broader military escalation. They examine the immediate market fallout—oil supply disruptions, the impact on by‑products like helium and...
Credit Crunch: GSAM’s McClain on High Yield Risks, Resilience
In this episode of Credit Crunch, Goldman Sachs’ global co‑head of high yield and bank loans, John McClain, discusses the current state of the below‑investment‑grade market, noting that high‑yield spreads have stabilized in the low‑300 bps range and that double‑B issuers are...
News From the Frontier: Africa Leads Emerging Market Bond Revival
The episode examines the surprising resurgence of emerging‑market bond issuance, led by African issuers such as Angola and telecom tower firm Helios, while Central‑Eastern European and Middle‑Eastern markets remain largely dormant due to war‑related volatility. George Collard explains why lower‑rated...
Portfolio Trading Is Reshaping Credit - Here's How
In this episode of JP Morgan’s Making Sense, hosts Shaini Das, Gustav Bogle (EMEA head of portfolio trading) and Marcus Imbert (North America head of portfolio solutions) examine how portfolio trading is reshaping global credit markets. They compare the faster‑growing, more transparent North...
‘March Madness’ for Markets Too
In this brief episode, Andrew Sheets draws a parallel between March Madness basketball and the sudden shift in market narratives caused by the Iran conflict and a potential oil shock. He outlines how, after a period of strong economic signals—low...
The Dollar Dilemma for Public Sector Bond Issuers
The episode examines how recent attacks on Middle East energy infrastructure are pushing oil and gas prices higher and the ripple effects on emerging market (EM) sovereign bonds, noting modest yield increases but overall resilience due to stronger fiscal positions...
Allspring's Venditti on Why Munis Are a Safe Haven Against War Concerns Now
In this episode, Chuck Jaffe talks with Nick Vendetti, senior portfolio manager at Allspring, about why municipal bonds are currently viewed as a safe‑haven asset amid heightened war‑related inflation risks. Vendetti explains that inflation is the primary enemy of income‑generating...
Global Rates: Global DM Swap Spread Outlook
In this episode of At Any Rate, JP Morgan’s global rate strategy team breaks down recent dynamics in developed‑market (DM) swap spreads, highlighting how central‑bank policy expectations and technical factors drive the curves across the US, Germany, the UK, Japan and...
Banks May Be Shut but Amazon Delivers
The episode examines how the Middle East war is reshaping capital markets, highlighting a shift in euro‑denominated bond issuance: banks have paused their euro funding while corporate issuers, notably Amazon, are stepping in with record‑breaking deals. Amazon raised €14.5 billion across...
Macro Matters: Yield-Curve Scenarios with BNY’s Granet
In this episode, BNY Mellon CIO Jason Granet discusses the current and future shape of the U.S. Treasury yield curve, arguing that recent flattening is a temporary, cyclical retracement and that a steeper curve is likely to resume. He and...
Credit Crunch: Iran War, Software Rout and Credit a Safe Haven
In this episode of Credit Crunch, Mahesh Bhimalingam and guest Sarah Harrison discuss the impact of the Iran war and recent software sector volatility on global credit markets. They note that despite geopolitical tensions, credit spreads have remained relatively resilient,...
Oil Rally Tests Diversification Strategy
In this episode, Serena Tang explains how a surge in oil prices could undermine the traditional negative correlation between stocks and bonds that investors rely on for diversification. She outlines how the pandemic-era co‑sell‑off of equities and bonds was driven...
Masters of the Muniverse: MMA Founder Doe on Prediction Markets
In this inaugural Bloomberg Intelligence FIC podcast, municipal market veteran Tom Doe discusses the emerging role of prediction markets—platforms like Polymarket and CalSHE—in providing real‑time sentiment and risk data for municipal bonds. He explains how these markets could address shortcomings...
Credit Crunch: IR+M’s Gubitosi on Corporates, Securitized Value
In this episode of Credit Crunch, Noel Hubert interviews Jim Gubitosi, co‑CIO of Income Research & Management, about the firm’s evolution from a modest $10 bn AUM boutique to a $130 bn fixed‑income specialist. Gubitosi recounts how the 2007‑08 financial crisis forced...
European Rate Markets: Eurobonds, By-Elections and the Spring Statement
In this episode, Francis Diamond and Aditya Chaudhia discuss European rate markets, focusing on euro‑area bond issuance, German duration outlook, and UK political developments. They assess the limited near‑term impact of proposed EU defence‑related Eurobonds, maintaining a neutral stance on...
Credit Crunch: Around the World of Global Credit in 60 Minutes
The Bloomberg Intelligence FIC team examined global credit trends, focusing on a surge in Asian convertible bonds driven by higher rates, equity volatility, and issuer demand for cheap funding, while noting a slowdown in Chinese dollar bond issuance as firms...
Viva Loans Vegas: Blackstone's $3bn Re-Up for The Cosmopolitan Signals High-Tier CMBS Conviction
The episode examines Blackstone’s $3.05 billion CMBS refinancing of The Cosmopolitan in Las Vegas, highlighting the surge in high‑quality hospitality securitizations and the city’s enduring appeal to institutional investors. Guests Randy Plavajka and Shihao Feng explain how post‑pandemic destination resilience and a growing...
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...
Rate Expectations
The episode dissects the impact of January's surprisingly strong jobs report, which undermined expectations of a weakening labor market and pushed anticipated Federal Reserve rate cuts further into the future. It also examines a new Congressional Budget Office outlook that...
Credit Crunch: Investor Survey 1Q - Fed, Earnings, Tech Supply
In this episode, Mahesh Bhimalingam of Bloomberg Intelligence and Ashwin Palta of BNY Investments discuss the Bloomberg Intelligence 1Q26 Investor Survey, highlighting the continued resilience of credit and high‑yield markets despite recent tariff shocks and rate volatility. They examine why...
European Rates: ECB and BoE February Meetings, Skinny Carry in Euro Area, Increased UK Political Noise
In this brief episode, J.P. Morgan analysts Francis Diamond, Aditya Chordia, and Khagendra Gupta dissect the February policy meetings of the European Central Bank and the Bank of England, highlighting the limited rate‑differential (or "skinny carry") in the Eurozone and...
Money and Me: When Gold Breaks, AI Bites Back, and Japan Shakes the World
In this episode, host Michelle Martin and guest Simon Ree, founder of Tao of Trading, dissect a volatile market landscape where gold and silver have sharply retreated after a steep rally, and Microsoft’s stock fell despite strong earnings, raising concerns...
American Friction
The episode examines the fallout from escalating tariff disputes between the United States and Europe, which have prompted investors to sell U.S. assets and trigger a sell‑off in global markets. It highlights Japan’s bond market stress as yields climb to...
Thursday: Intervention Talk Props up Yen
In this brief episode of "5 in 5 with ANZ," host Bernard Hickey highlights how recent central bank interventions have bolstered the Japanese yen amid broader market volatility. He notes that while banking stress persists in the US and Europe,...