FICC Focus

Macro Matters: Buckler’s Lazar on Repo, Clearing and the Fed

With repo markets functioning smoothly but major structural changes approaching, investors are focused on funding conditions, Federal Reserve liquidity and the shift to m

Credit Crunch: Around the World of Global Credit in 60 Minutes

Global credit markets have stayed relatively calm through wars and sovereign crises like the one in France, despite swings in rates, making strategic insights essential.

Masters of the Muniverse: Why Boring Munis Have Rarely Paid More

Looking across 200 years of history to the AI-driven energy boom, there’s a case that munis haven’t looked this good in a long time. On this episode of Masters of the Mun

FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle

In this episode of the FX Moment podcast, recorded in Hong Kong, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Gary Ng, Senior Economist at Natixis

Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks

With nominal GDP running above 6% year to date and earnings season kicking off, Mike Medeiros, macro strategist at Wellington Management, explains why corporate profitabi

State of Distressed: Bloomberg’s Diaz-Matos on LME Whack-a-Mole

“Even when you think you’ve patched the last three holes ... what does it matter that you actually blocked one, two, and three if the company can still get there through

Macro Matters: Pimco’s Clarida on Fed Policy and Balance Sheet

With the Federal Reserve confronting persistent inflation, strong demand and questions about how much further rates may need to rise, investors are also watching for pote

Credit Crunch: Investor Survey 4Q - Rate Bears Hoard Rally Cash

Credit and high yield are in the red for the year after a two-month selloff. Will 4Q deliver gains or more losses, and why? On this episode of the Credit Crunch podcast, 

FICC Focus Special: Barings' Slaven Is Cautious on Complexity

Asset allocators should prepare for continued bouts of volatility, as negative asymmetry in market fundamentals, valuations and technicals is causing investors to trim eq

Macro Matters: Rabobank’s Lawrence on Rates and Global Markets

With global bond yields at multi-decade highs and markets pricing further central-bank tightening, investors are reassessing the relative value of rates, equities and cur

Credit Crunch: Ellington’s Vranos on MBS Innovation and Alpha

“You want to buy the security based on this yield, but you have to protect against the risks,” says Mike Vranos, CEO and founder of Ellington Management Group. “What you

State of Distressed: Latham’s Sobolewski on Evolving LME Tactics

“’Co-op first, ask questions later’ is down a bit from its peak, though not dead,” observes John Sobolewski, Global Chair of Latham & Watkins’ Liability Management Practi

Macro Matters: Rockefeller’s Chang on AI, Rates and Bond Markets

With AI investment accelerating, energy costs rising and Treasury yields pushing to multi-decade highs, investors are confronting a market where few assets look obviously

Macro Matters: Post-Fed Thoughts From BI Rates Strategist Jersey

With the Federal Reserve beginning a new tightening cycle and markets pricing additional rate increases, investors are reassessing where the Treasury yield curve may be h

Credit Crunch: Manulife’s Purdie on AI, ESG and Relative Value

“We want to encourage risk-taking, but we want to encourage the right type of risk-taking, which is informed risk-taking,” says Colin Purdie, global CIO of public markets

FX Moment: The Fed Meeting & What It Means for Bonds, the Dollar

In this episode of the FX Moment podcast, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman talks to BI’s Chief Interest Rate Strategist Ira Jersey for a f

Macro Matters: Insight Investment’s Murphy on Fixed Income

The angst, consternation and hand-wringing over debt levels may be a contrarian indicator that rate markets are oversold, says Brendan Murphy, North American head of fixe

All Options Considered: Bond Volatility, USD/JPY and Gas Tail Risk

Cross-asset volatility has declined over summer even though the path of resistance for yields has been higher. In this edition of the All Options Considered podcast, BI’s

EM Lens: Global X’s Dorson Shines Spotlight on EM Equities, FX

Emerging market equities have outperformed the S&P 500 by over 14% over the past year, as investors take advantage of attractive valuations, falling currency volatility a

Macro Matters: Barclays’ Meaning on UK Rates, Inflation, Growth

With the latest energy shock pushing UK inflation higher while economic growth remains subdued, investors are questioning whether markets have priced too much Bank of Eng