FICC Focus
by Bloomberg Intelligence
Latest episode
State of Distressed: UBS’ Chaisanguanthum on Coops, LMEs, and AI
State of Distressed: UBS’ Chaisanguanthum on Coops, LMEs, and AI
About this podcast
FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities, and currencies by Bloomberg Intelligence analysts.
Episodes
The newest 50 of 629 episodes
- State of Distressed: UBS’ Chaisanguanthum on Coops, LMEs, and AI · 1 h 40 min“What I’m hyper focused on is ... not losing money on the new money,” observes Michael Chaisanguanthum, managing director and head of restructuring for UBS Asset Management’s…
- FICC Focus Special: Seeking Alpha in Global Securitized With TCW · 30 minSecuritized assets offer ample opportunity for alpha generation, as structural complexity often results in market dislocation and mispriced credit risk. Liza Crawford and Peter…
- Macro Matters: BNY’s Velis on Fed Policy, Curves and the Dollar · 24 minWith markets questioning how much further the Federal Reserve will tighten, the path of short-term rates may matter more for the yield curve than persistent fears about inflation…
- FX Moment: Sterling’s Fiscal Hurdle Cleared, Moving On to BOE · 27 minThe UK’s “low-key fiscal event” budget means a fading fiscal premium, for now, and a focus on sterling’s carry appeal as the first BOE rate rise in the cycle looms. In this…
- Macro Matters: Northern Trust’s Bahuguna on AI and Equities · 24 minWith stronger nominal growth, persistent inflation and an AI-driven investment boom reshaping the macro backdrop, investors may need to rethink traditional stock and bond…
- Credit Crunch: PGIM Credit’s Peters on Convergence, Crowding Out · 55 min“The idea of patient capital is something of a dinosaur,” says Greg Peters, co-CIO for PGIM Credit, on the speed with which markets can reprice. “The rise of algos and CTAs…
- All Options Considered: Is 100 High for Rates Volatility? · 10 minIn this edition of All Options Considered, BI Chief Global Derivatives Strategist Tanvir Sandhu discusses why US rates volatility has risen from its early-2026 lows but remains…
- Credit Crunch: Waterfall’s Cuby on ABF and the European Consumer · 55 min“We’re credit guys,” says James Cuby, partner and head of Europe for Waterfall Asset Management, when discussing asset selection and the right risk-return profile. “We’re not…
- Macro Matters: Buckler’s Lazar on Repo, Clearing and the Fed · 27 minWith repo markets functioning smoothly but major structural changes approaching, investors are focused on funding conditions, Federal Reserve liquidity and the shift to mandatory…
- Credit Crunch: Around the World of Global Credit in 60 Minutes · 50 minGlobal credit markets have stayed relatively calm through wars and sovereign crises like the one in France, despite swings in rates, making strategic insights essential. In this…
- Masters of the Muniverse: Why Boring Munis Have Rarely Paid More · 57 minLooking 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 Muniverse…
- FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle · 21 minIn 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 CIB in…
- Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks · 22 minWith nominal GDP running above 6% year to date and earnings season kicking off, Mike Medeiros, macro strategist at Wellington Management, explains why corporate profitability has…
- State of Distressed: Bloomberg’s Diaz-Matos on LME Whack-a-Mole · 1 h 26 min“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 route…
- Macro Matters: Pimco’s Clarida on Fed Policy and Balance Sheet · 24 minWith the Federal Reserve confronting persistent inflation, strong demand and questions about how much further rates may need to rise, investors are also watching for potentially…
- Credit Crunch: Investor Survey 4Q - Rate Bears Hoard Rally Cash · 36 minCredit 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, Mahesh…
- FICC Focus Special: Barings' Slaven Is Cautious on Complexity · 27 minAsset allocators should prepare for continued bouts of volatility, as negative asymmetry in market fundamentals, valuations and technicals is causing investors to trim equity…
- Macro Matters: Rabobank’s Lawrence on Rates and Global Markets · 21 minWith global bond yields at multi-decade highs and markets pricing further central-bank tightening, investors are reassessing the relative value of rates, equities and currencies…
- Credit Crunch: Ellington’s Vranos on MBS Innovation and Alpha · 57 min“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 see is…
- State of Distressed: Latham’s Sobolewski on Evolving LME Tactics · 1 h 24 min“’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 Practice, as…
- Macro Matters: Rockefeller’s Chang on AI, Rates and Bond Markets · 22 minWith AI investment accelerating, energy costs rising and Treasury yields pushing to multi-decade highs, investors are confronting a market where few assets look obviously cheap…
- Macro Matters: Post-Fed Thoughts From BI Rates Strategist Jersey · 9 minWith the Federal Reserve beginning a new tightening cycle and markets pricing additional rate increases, investors are reassessing where the Treasury yield curve may be headed…
- Credit Crunch: Manulife’s Purdie on AI, ESG and Relative Value · 1 h 1 min“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 for…
- FX Moment: The Fed Meeting & What It Means for Bonds, the Dollar · 16 minIn 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 flavor on…
- Macro Matters: Insight Investment’s Murphy on Fixed Income · 20 minThe 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 fixed income…
- All Options Considered: Bond Volatility, USD/JPY and Gas Tail Risk · 7 minCross-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 Chief…
- EM Lens: Global X’s Dorson Shines Spotlight on EM Equities, FX · 29 minEmerging 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 and a…
- Macro Matters: Barclays’ Meaning on UK Rates, Inflation, Growth · 19 minWith the latest energy shock pushing UK inflation higher while economic growth remains subdued, investors are questioning whether markets have priced too much Bank of England…
- EM Lens: Sandglass’ Lozovsky Reinforces Bullish EM Narrative · 22 minEmerging market fund flows are accelerating as credit fundamentals continue to improve amid historically loose financial conditions, wide real yields and deteriorating US dollar…
- Macro Matters: MetLife’s Matus on Fed Policy, AI and Markets · 26 minWith US growth holding up and inflation still running above target, investors are weighing whether the Federal Reserve needs to tighten policy further or can afford to stay on…
- Credit Crunch: Around the World of Global Credit in 60 Minutes · 58 minGlobal credit markets have stayed relatively calm through war and peace, despite swings in the rates markets, making strategic insights essential. In this episode of the Credit…
- State of Distressed: Burian, Stark on the Preordained Bankruptcy · 1 h 34 minTo demonstrate how the modern bankruptcy system often feels prepackaged and inevitable, Brown Rudnick’s Robert Stark compares the current state of Chapter 11 to a trip to the…
- Macro Matters: Mariner CIO E.G. Fisher on Liquidity and Credit · 32 minWith the Federal Reserve leaning toward a smaller balance sheet and several year-end funding pressures approaching, investors may need to pay closer attention to liquidity and…
- Masters of the Muniverse: JPMorgan and the Muni SMA Revolution · 1 h 10 minMunicipal separately managed accounts (SMAs) have exploded 16-fold in market share, becoming a predominant investment vehicle in the post-global financial crisis world, with…
- Credit Crunch: Barings’ Yan on Outlook for Portfolio Finance · 55 min“The pace and trajectory of private-market growth has simply outpaced the growth of bank balance sheets,” says Dadong Yan, head of Barings Portfolio Finance, explaining the…
- Macro Matters: US Economic Outlook With Natixis’ Hodge · 19 minCooling inflation and a softer labor market are giving the Federal Reserve more room to remain patient, even as investors debate whether Kevin Warsh’s Fed could still deliver…
- Credit Crunch: New Fed Watch as Rates, Not Spreads Drive Credit · 39 minRates and the new Fed are at the forefront of market headlines amid wide government bond yields. In this episode of the Credit Crunch podcast, host Mahesh Bhimalingam, Bloomberg…
- All Options Considered: Lessons From Korea’s ETF Volatility · 12 minSouth Korea has become a real-world case study in how market concentration, investor enthusiasm and leveraged ETFs can amplify volatility. In this episode, Bloomberg…
- Credit Crunch: Principal’s Goosay on Credit Relative Value Setup · 1 h 1 min“We’ve gotten a little addicted post-2008 to the Fed guiding us,” says Michael Goosay, CIO and global head of fixed income for Principal Asset Management. “I’ve been doing this a…
- EM Lens: GMO’s Courmes Steers EM Local Bond Bulls · 27 minEmerging market local-currency government debt deserves a prominent place in global fixed income portfolios, as economic fundamentals remain resilient and the US dollar remains…
- Macro Matters: Invesco’s Brignac on Liquidity, Fed Balance Sheet · 23 minWith the change in leadership at the Federal Reserve, investors are paying greater-than-usual attention to the outlook for short-term funding markets, money-market funds and the…
- FX Moment: Dollar-Yen Bearish Push Needs US Data Validation Next · 28 minIn this episode of the FX Moment podcast, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Chris Turner, head of FX strategy at ING Bank in London, discuss…
- Credit Crunch: Park Square’s Doumar on Junior Debt and BDC Angst · 55 min“In the US today, what you see is... capital leaving the system out of the BDCs, and that’s creating a lot of technical pressure on the market,” says Robin Doumar, founder and…
- Macro Matters: BE’s Anna Wong on Warsh and Fed Communication · 17 minKevin Warsh’s new communications approach may be creating more uncertainty for markets, not less. Anna Wong, Bloomberg Economics chief US economist, joins Ira Jersey, Bloomberg…
- EM Lens: Identifying Alpha Opportunities in EM Equities · 30 minEmerging market equities are among this year’s top-performing asset classes globally as investors benefit from strengthening fundamentals, diminishing foreign-exchange volatility…
- Credit Crunch: Bright Meadow’s Rilander on MBS, Housing Policy · 49 min“There are a lot of people who would love to give away their prepayment option to get their family into the home they want,” says Adam Rilander, CIO and head of agency MBS…
- Macro Matters: Invesco’s Levitt on Equities, Rates and Oil · 22 minOil volatility and renewed geopolitical risk have complicated what had looked like a supportive backdrop for risk assets in 2026. Brian Levitt, Invesco’s chief global market…
- EM Lens: William Blair’s Assalin Remains Bullish on EM Outlook · 23 minEmerging market hard-currency credit continues to outperform most major fixed-income asset classes, yet it also offers a wide range of tactical and relative value positioning…
- Macro Matters: BI’s Adelberg on Housing, MBS and Prepay Risk · 23 minHousing affordability, mortgage-market modernization and changing refinance behavior are reshaping the outlook for mortgage-backed securities. Erica Adelberg, Bloomberg…
- All Options Considered: Equity Derivatives With Susquehanna · 13 minOn the face of it, index volatility has remained relatively subdued, but underneath there is significant rotation and elevated single-stock volatility. In this edition of the All…
