FICC Focus

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FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities, and currencies by Bloomberg Intelligence analysts.

  1. 2 DAGE SIDEN

    State of Distressed Debt: Davis Polk’s Resnick on Emerging LME Trends

    “The theme that we’re seeing a lot of is, do we do the same old LME that we would have done six months ago or a year ago, or should we do more of a comprehensive fixing of the balance sheet once?” says Brian Resnick, a restructuring partner and head of Davis Polk’s Liability Management & Special Opportunities practice, discussing trends in liability management strategies as borrowers prepare for looming 2028 debt maturities. On this episode of the State of Distressed Debt podcast, Resnick joins Bloomberg Intelligence’s Negisa Balluku and Phil Brendel to explore the growing consideration of more aggressive, one-shot deleveraging transactions and the advantages for lenders within the “in-crowd.” They also discuss the implications of banks expanding into private credit, what happens if anti-cooperation language gains traction, and the increasing sophistication of disqualified lender provisions. The podcast was recorded at the 22nd annual Wharton Restructuring & Distressed Investing Conference.

    34 min.

  2. 2 DAGE SIDEN

    Macro Matters: Central Banks With BE’s Wong, BI’s Worthington

    The soaring short-term yields in the UK may be somewhat overdone, says Bloomberg Intelligence European Rates Strategist Huw Worthington on this Macro Matters edition of the FICC Focus podcast series. BI’s US Rates Strategist Ira Jersey and Bloomberg Economics Chief US Economist Anna Wong joined him on a webinar the morning of March 19 to discuss the Federal Reserve, Bank of England, and the European Central Bank meetings and the ramifications for rate markets. The trio also discuss some scenarios that were asked during the live Q&A portion of the webinar, and highlight how oil is currently forcing central banks to rethink inflation forecasts. The Macro Matters podcast is part of BI’s FICC Focus series.

    33 min.

  3. 4 DAGE SIDEN

    EM Lens: Shifting to Second Derivatives in EM Sovereign Debt

    Emerging market central banks have adopted a hawkish bias following the war-induced oil shock, yet fiscal concerns could weigh on domestic currencies as local governments attempt to mitigate the negative impact of rising energy prices. Cem Karacadag, head of global sovereign debt at Barings, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, on this episode of the EM Lens podcast to assess portfolio risk, country exposure and institutional interest in the wake of the war in Iran. Karacadag and Sassower discuss issues ranging from curve shape and currency volatility to spread resilience and safe-haven positioning.

    26 min.

  4. 6 DAGE SIDEN

    Credit Crunch: AGL’s Comer on CLOs, Active Management and Growth

    “We traditionally have turned over about 60% of the portfolio per year,” says AGL Credit Management’s Chief Operating Officer Wynne Comer, discussing the company’s approach to managing collateralized loan obligations. “That’s 30% through prepayments, 30% through active management.” Comer joins Bloomberg Intelligence’s Noel Hebert on the latest episode of the Credit Crunch podcast to discuss the evolution of the CLO market past and present, her transition from banking into asset management, AGL’s extension into private credit and the outlook for continued growth. Comer also explores due diligence, the state of regulation, where bonds play in the CLO market and factoring for AI. The Credit Crunch podcast is part of BI’s FICC Focus series.

    1 t.

  5. 13. MAR.

    EM Lens: War-Induced Oil Shocks Aren’t Kind to EM Economies

    Emerging market governments are implementing extraordinary measures to mitigate the impact of rising energy prices, as the war-induced oil shock stirs stagflation pressures and pushes most asset classes lower. Gustavo Medeiros, head of EM research at Ashmore Group, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist on this episode of the EM Lens podcast to assess underlying risks and potential opportunities should the war in Iran endure. Medeiros and Sassower focus on structural factors such as terms of trade and energy price pass-through when discussing the medium-term impact on EM growth and inflation expectations.

    29 min.

  6. 12. MAR.

    Macro Matters: Yield-Curve Scenarios with BNY’s Granet

    The yield curve may continue its steepening trend, with recent flattening just a cyclical retracement, Jason Granet, CIO of BNY says on this Macro Matter’s episode of the FICC Focus podcast series. Granet joins co-hosts Ira Jersey and Will Hoffman of the Bloomberg Intelligence US Interest-Rate Strategy team to discuss the state of the economy, how BNY assesses the outlook and how it thinks about sizing risk. The focus turns to Federal Reserve policy, the Treasury yield curve and funding markets.  The Macro Matters podcast is part of BI’s FICC Focus series.

    21 min.

  7. 11. MAR.

    Credit Crunch: Iran War, Software Rout and Credit a Safe Haven

    Credit suffered a software loan wobble and private credit contagion before the war in Iran, but it’s been a safe haven vs. rates and equities since hostilities started. In this Credit Crunch podcast, host Mahesh Bhimalingam, global head of credit strategy at Bloomberg Intelligence and Sarah Harrison, senior portfolio manager at Allspring Global Investments, discuss their prognosis on the war, reflect on how various credit classes fared during the technology supply wave and software wobble and then contrast credit performance with rates and equities since the Iran war began. They also discuss supply and relative value across high grade, high yield and loan markets, along with the road ahead amid this volatility. The Credit Crunch podcast is part of BI’s FICC Focus series. Listen on Apple Podcasts and Spotify.

    35 min.

  8. 7. MAR.

    State of Distressed Debt: Moelis’ Murray on Private Credit Workouts

    “The goal is to set the company up for longer-term success,” explained Rachel Murray, managing director at Moelis & Co. “If we’re solving quarter-to-quarter, you’re probably not investing in the business as you should; there’s distractions for management, it’s putting more pressure on the business, and frankly, probably their peers and competitors are going after their customers and creating noise.” In her conversation (7:40) with Bloomberg Intelligence’s Negisa Balluku and Phil Brendel at the 22nd annual Wharton Restructuring & Distressed Investing Conference, Murray explored how private credit’s growth and heavy dependence on relationships alter the restructuring dynamic, relative to traditional large cap leveraged finance workouts. This episode of the State of Distressed Debt podcast concludes (31:40) with BI’s Noel Hebert joining Negisa and Phil to discuss the latest developments in First Brands, Saks, Multi-Color Corp., Ardagh Group and Serta.

    1 t. 3 min.
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Om

FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities, and currencies by Bloomberg Intelligence analysts.

Oplysninger

  • Skaber
    Bloomberg Intelligence
  • Aktive år
    2021 - 2026
  • Episoder
    528
  • Copyright
    © 628159
  • Leverandør

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