FICC Focus

In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Dan Hanson, BE's Senior UK Economist. They discuss the volatility in UK bonds and the outlook for the economy.

“We are certainly not talking about six or seven percent [federal funds target rate, but]... modestly above 5%,” Goldman Sachs Chief Interest Rate Strategist Praveen Korapaty says on this episode of Bloomberg Intelligence’s FICC Focus Podcast. In this Macro Matter’s edition, Chief US Interest Rate Strategist Ira Jersey is joined by Korapaty to discuss his team’s outlook for the Federal Reserve pol...

FICC Focus offers the latest market views on interest rates, corporate bonds, emerging-market debt, commodities and currencies by Bloomberg Intelligence analysts. In this month's EM Lens & Look-Through podcast, BI Chief EM Fixed Income Strategist Damian Sassower is joined by Kaushik Rudra, Managing Director & Global Head of Fixed Income Research at Standard Chartered Bank. Rudra shares his outlook...

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence (BI) chief G10 FX strategist, along with chief Asia FX and rates strategist Stephen Chiu, reflect on the recent euro revival and on how a sustainable euro-dollar recovery could unfold in the months and quarters to come.   

“Powell did a masterful job in neutralizing the market rally from [after the Federal Reserve] put out its statement. I think Powell did what he needed to in order to ensure they could slow the pace of rate hikes, while moving the terminal rate higher,” Bloomberg Economics Chief US Economist Anna Wong says on this episode of Bloomberg Intelligence’s FICC Focus Podcast. In this Macro Matter’s editio...

With distressed supply settling back following a test of June’s highs, Bloomberg Intelligence expects it may consolidate a bit between $100-$150 billion as seasonal trends turn supportive in December, and believes this distressed supply rise will continue, however, more likely in drawn out and steady fashion rather than quick and volatile. FICC Focus offers the latest market views on interest rate...

Hybrids have significantly underperformed in 2022 and now trade wider than their high yield brethren, a trend that could extend into 2023. Private credit continues to grow assets and influence, yet spreads trail far behind their similar named “parent” companies. Bloomberg Intelligence’s global analysis also suggests changes in discount rates could be a big benefit for pension liabilities. This mon...

In this edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Professor Gregory Besharov at the University of Oxford. They discuss the volatility in UK bonds, crypto and the housing market.

In this month's EM Lens & Look-Through podcast, BI Chief EM Fixed Income Strategist Damian Sassower is joined by Rohit Goel, Director of Macro Research at Breakout Capital. Goel shares his outlook for EM currencies, as persistent dollar strength fuels the call for coordinated FX intervention. China remains the elephant in the room, and Goel shares his views following this month's Communist Party C...

“There is significant interest rate risk in TIPS in ETFs and Mutual Funds because they can’t necessarily get enough leverage to do a break-even trade,” Winshore Capital Partners Portfolio Manager Robert Tzucker tells Bloomberg Intelligence. In this Macro Matter’s edition of the FICC Focus Podcast, Chief US Interest Rate Strategist Ira Jersey is joined by Tzucker to discuss Treasury Inflation Prote...

"Who would have thought LDI would be in the popular press in my whole career?" says David Eichhorn, CEO of NISA Investment Advisors on this edition of the FICC Focus Podcast. In this Macro Matters edition of the FICC Focus Podcast, Eichhorn joins BI Chief US Interest Rate Strategist Ira Jersey to discuss Liability Driven Investments (LDI), particularly US Defined Benefit pension plan, which he hel...

Jonathan Mondillo, head of North American fixed income at Abrdn Plc, talks about his outlook for state and local debt after a rough 2022.

Global banks are much better positioned from a capital and liquidity perspective than they were heading into the 2008 financial crisis, yet pockets of concern are beginning to percolate. Bloomberg Intelligence’s analysis suggests solid credit quality is supported by considerable liquidity, but potential funding needs for U.S. Bancorp, PNC Financial, Truist and Mitsubishi UFJ may create bond-pricin...

In our latest FX Moment Podcast, the host, Bloomberg Intelligence (BI) Chief G10 FX Strategist Audrey Childe-Freeman, along with Chief Asia FX and Rates Strategist Stephen Chiu reflect on the 4Q FX Outlook, with the US dollar bullish drivers arguably priced in and the currency looking stretched and overvalued, but a catalyst for a turnaround has yet to be identified. Our FX Strategists also touch...

Global Credit Strategy head Noel Hebert and BI distressed credit analyst Philip Brendel discuss September’s rise in distressed supply amid a dearth of risk appetite. Included is an in-depth feature interview with Todd Lemkin, Chief Investment Officer of Canyon Partners (6:15). BI bankruptcy litigation analyst Negisa Balluku and Bloomberg distressed debt reporter Eliza Ronalds-Hannon join the panel...

Amanda Albright and Eric Kazatsky are joined by Henry Cisneros, Chairman of American Triple I Partners, to talk about US infrastructure and why Cisneros sees a 'golden' era ahead.

In this special UK edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by BE's Chief European Economist, Jamie Rush. They discuss the market turmoil and economic outlook in the aftermath of the UK mini-budget. 

In our sixth FX Moment Podcast, the host, Bloomberg Intelligence (BI) Chief G10 FX Strategist Audrey Childe-Freeman, along with Chief Asia FX and Rates Strategist Stephen Chiu reflect on the topic of currency crisis and whether this applies to the current FX market environment. Our FX Strategists touch on the increasingly debated sterling crisis theme and look back into past currency crisis situat...

In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Mr. Caesar Maasry, Managing Director & Head of EM Cross-Asset Research at Goldman Sachs. Maasry shares his outlook for emerging market currencies, as relentless dollar strength is fueling comparisons to the early 1980s when coordinated central bank intervention was required to...

Eric Kazatsky and Amanda Albright are joined by Senior Bloomberg Intelligence ETF analyst, Eric Balchunas to discuss the rise of municipal ETFs, current pricing wars and predictions for the Philadelphia Eagles 2022-23 season.

“The drivers of secular stagnation were... Technology, demographics, and globalization... They may have changed a little bit, but not that much,” Krishna Memani, Chief Investment Officer of the Lafayette College Endowment tells Bloomberg Intelligence, noting his view that secular stagnation will return. In this Macro Matters edition of the FICC Focus Podcast, Memani joins BI Chief US Interest Rate...

In this third edition of All Options Considered, Bloomberg radio host Caroline Hepker is joined by BI's Chief Global Derivatives Strategist Tanvir Sandhu and Partner at Dominice, Pierre de Saab, to discuss the latest developments in the volatility landscape.

It’s been a surprisingly calm summer for credit, but a rocky fall may be on tap, according to Bloomberg Intelligence. In this State of Distressed Debt edition, Global Credit Strategy head Noel Hebert and distressed credit analyst Philip Brendel discuss what credit looked like in the summer and what could potentially happen in the fall. They are joined by Trey Parker, Sycamore Tree Capital Partners...

Rising rates and recessionary fears are growing, yet credit across continents and sectors may be well positioned for additional supply and demand headwinds. Analysis by Bloomberg Intelligence suggests strong credit profiles, access to low cost capital and considerable financial flexibility are supportive of reduced volatility for Walmart, Home Depot, Maersk, CMA CGM, DBS Group and Oversea-Chinese...

High mortgage rates are have a negative effect on Agency mortgage-back securities performance relative to Treasuries, and the Fed's quantitative tightening may make it worse due to changes in sector allocations in the Bloomberg Aggregate Bond Index. In this Macro Matters edition of the FICC Focus Podcast, BI Chief US Interest Rate Strategist Ira Jersey is joined by Chief Agency Mortgage Strategist...