FICC Focus

Bloomberg Intelligence
  • ٠٫٠ (٠)
  • استثمار
  • يتم التحديث أسبوعيًا

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

  1. قبل يوم واحد

    Macro Matters: Fed Past & Future with BNY's Reinhart

    The Federal Reserve still has an easing bias and may lower rates another 50 bps this year, says Vincent Reinhart, chief economist for BNY Investments, on this edition of Macro Matters in the FICC Focus podcast series. Reinhart joins host Ira Jersey, chief US interest rate strategist for Bloomberg Intelligence, to discuss BNY Investments’ view on the economy and central bank actions as uncertainty remains high around energy prices. The two discuss the economic backdrop and how the path of nominal growth may remain steady even as the inflation/real growth mix shifts. Reinhart also discusses the cadence of work while he was with the Fed’s Monetary Affairs staff and as secretary of the Federal Open Market Committee.

    ٢٧ د

  2. قبل يومين

    FX Moment: Iran War Shift First Step Out of Sterling Bear Cycle

    The US-Iran ceasefire and associated relief in risk aversion and pullback in oil prices may be a first step out of the sterling-dollar bear cycle of the past few weeks. There will be cyclical relief as the market adjusts back to less hawkish Bank of England rate expectations, which were hurting the pound via the stagflation narrative. Structural relief may also emerge, as the expected monetary-fiscal policy mix implies less reliance on fiscal stimulus to support the economy and reduces fiscal credibility concerns that have become a constant consideration for sterling. In this episode of FX Moment, Bloomberg Intelligence’s Chief FX Strategist Audrey Childe-Freeman and Bloomberg Economics Chief UK Economist Dan Hanson discuss the U-turn in Bank of England rate and growth expectations in the context of the Iran conflict, fiscal policy, as well as how UK politics could shape sterling’s near- to mid-term dynamics.

    ٢٥ د

  3. قبل ٣ أيام

    EM Lens: Seeking Solace Ahead of the IMF’s Spring Meetings

    Sovereign balance sheets should come under renewed pressure as the war-induced oil shock forces EM governments to take extraordinary measures aimed at actively defending their domestic economies. Fabio Natalucci, CEO of the Andersen Institute for Finance & Economics, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, to assess the risks facing EM creditors as the war in Iran endures. Natalucci and Sassower differentiate between level and trend when discussing the medium-term impact on EM growth and inflation expectations, with potential for yields to decline once recession probabilities reach critical mass.

    ٢٨ د

  4. ٢ أبريل

    Macro Matters: The Auto ABS Landscape With BI’s Chadehumbe

    Wider spreads and credit enhancement causing upgrades in auto asset-backed securities reduces the sector’s risk against similarly rated and maturity corporate debt, says Rod Chadehumbe, Bloomberg Intelligence ABS Strategist. Chadehumbe joins host Ira Jersey, BI’s US Rates Strategist to discuss the findings from the first ABS Primer on available on the terminal. Though spreads are tight compared to the five-year average, inflation may not cause spreads to widen. The note also makes the case for Auto ABS against similarly rated and maturity corporate debt. Chadehumbe isn’t concerned about the current level of subprime delinquencies given the credit enhancement these structures have, but is concerned with the job market and what happens if delinquencies rise much further.

    ١٨ د

  5. ١ أبريل

    All Options Considered: Iran War, Hormuz and Market Tails

    Cross-asset markets are under stress given the bi-modal risks of de-escalation vs. prolonged conflict. This edition of All Options Considered podcast discusses the probability distribution around the outcomes of the Iran war and markets. BI’s Chief Global Derivatives Strategist Tanvir Sandhu is joined by Edward Fishman, author of Chokepoints: American Power in the Age of Economic Warfare and Senior Fellow at Council on Foreign Relations.

    ١٥ د

  6. ٣٠ مارس

    Credit Crunch: GSAM’s McClain on High Yield Risks, Resilience

    “Technicals for high yield post-Covid have been very strong, with pretty limited net new supply, minimal downgrades, strong demand given elevated base rates and pretty reasonable credit spread,” says John McClain, Goldman Sachs Asset Management’s global co-head of High Yield and Bank Loans. “We’re seeing some net new supply from areas like data-center debt,” and “large LBO bonds that are coming over the next couple of weeks, in conjunction with a couple of decent sized cap stacks migrating to high yield will probably lead to some indigestion in the marketplace.” McClain joins Bloomberg Intelligence’s Noel Hebert on the latest Credit Crunch podcast to discuss data-center vs. software issuance, private credit knock-on effects and where to find value in the current market. The Credit Crunch podcast is part of BI’s FICC Focus series.

    ٥٧ د

  7. ٢٧ مارس

    Credit Crunch: Monroe’s Uddin on Software, Middle-Market Lending

    “The thesis of AI is very big. It’s probably one of the largest events in at least my lifetime,” says Monroe President Zia Uddin, discussing the creditor concerns about how AI may affect borrowers. “But what ends up happening is everyone kind of throws the baby out with the bathwater.” Uddin joins Bloomberg Intelligence’s Noel Hebert on the latest episode of Credit Crunch to talk about why not all software is created equal when it comes to AI exposure, as well as the benefits of originating deals and having navigated prior cycles when it comes to responding to market volatility. Uddin also discusses the large domestic opportunity, growth areas for the firm, the current interest rate climate, the varied risk profiles of large vs. mid-market lenders and retail vs. institutional needs.

    ١ س

  8. ٢٦ مارس

    Macro Matters: Fed Communications With Bloomberg’s Mike McKee

    The atmosphere around the Federal Reserve has evolved as Chair Jerome Powell has grown more comfortable in press conferences, even amid legal and political pressure. Michael McKee, Bloomberg News international economics and policy correspondent, joins Ira Jersey, Bloomberg Intelligence chief US interest-rate strategist, and Will Hoffman, BI US and Canadian rates strategist, on this Macro Matters edition of the FICC Focus podcast series to discuss this and other issues. The conversation explores the future of Fed communications, including debate over the SEP and dot plot, whether a Kevin Warsh chairmanship could bring fewer public remarks from officials, and what changes might be realistic for the balance sheet, bank regulation and the Fed’s broader mandate. They also examine dissents at the FOMC, how different types of policymakers adapt once inside the institution, and why this year’s semiannual monetary policy testimony may not occur before Powell leaves office.

    ٢٩ د
مشاهدة الكل (٥٣٧)

حول

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

المعلومات

  • صناع العمل
    Bloomberg Intelligence
  • سنوات النشاط
    ٢٠٢١ - ٢٠٢٦
  • الحلقات
    ٥٣٧
  • حقوق النشر
    © 628159

قد يعجبك أيضًا