Sobre este podcast
A podcast from FHN Financial looking at the most important things driving fixed income markets and the macroeconomy. Every episode features experts who give unique insights on topics like the regional banking landscape, commercial real estate, or how to translate Federal Reserve policy into market strategies. Tune in to better understand what’s been moving markets lately, and what to keep an eye on in the weeks and months ahead. Listen and subscribe wherever you get your podcasts
Episódios
Os 20 episódios mais recentes de 93
- Stijn Van Nieuwerburgh on the AI Buildout’s Hidden Leverage · 44 min · Temporada 1 Episódio 92The AI buildout is becoming increasingly financed by opaque, off-balance sheet partnerships like the Blue Owl and Meta venture “Beignet” that supplement already-surging corporate…
- Doug Elmendorf on the (un)Sustainability of Rising Federal Debt · 34 min · Temporada 1 Episódio 91Market participants are growing increasingly worried that ballooning debt levels and high interest rates could precipitate a fiscal crisis in the US. Total federal debt recently…
- Jonathan Wallen on How Hedge Funds Seized the Treasury Market · 34 min · Temporada 1 Episódio 90Hedge funds have absorbed much of the recent surge in Treasury issuance and now own a larger share of the market than domestic private banks. Unlike other market actors that are…
- Robin Wigglesworth on How AI Investment Echoes the 1800s Railroad Boom · 44 min · Temporada 1 Episódio 89The prosperity promised by railroads in the 1800s caused unprecedented investment in the United States that eventually led to the Panic of 1873, the steepest downturn in the US…
- Katherine Loughead on the State of State Tax Policy · 39 min · Temporada 1 Episódio 88As the pandemic-era shocks of federal stimulus and domestic migration fade, some states are looking for new taxes to increase revenue while others consider tax cuts to address…
- SPECIAL PODCAST: Brad Setser on the Efficacy of Recent Treasury Interventions · 29 min · Temporada 1 Episódio 87The recent increase in Treasury’s buyback operations will remove long-term USTs from the market using new short-term debt or cash from the Treasury General Account. Secretary…
- John Graham on How CFOs are (and are not) Implementing AI · 34 min · Temporada 1 Episódio 86The speed and magnitude of AI implementation at the firm level will help determine its overall impact on growth, productivity, and employment. Survey evidence shows CFOs’…
- Narayana Kocherlakota on Optimal Fed Communication · 39 min · Temporada 1 Episódio 85Chair Warsh has communicated very little at his first two press conferences, aiming to increase policy flexibility and free markets to “play the ball, not the referee.” This is a…
- The Lifetime Model of Inflation Expectations according to Ulrike Malmendier and Stefan Nagel · 36 min · Temporada 1 Episódio 84Regardless of the Fed’s commitment to restoring price stability, past price increases have had a lasting impression on households and businesses after five years of above-target…
- Teresa Walsh on the Cybersecurity Risks Facing the Financial Sector · 43 min · Temporada 1 Episódio 83Even as Artificial Intelligence enhances productivity, it is also increasing cybersecurity vulnerabilities across the financial industry. New technologies like Anthropic’s Mythos…
- Michelle Bockmann on Shipping Insurance in the Strait of Hormuz · 24 min · Temporada 1 Episódio 82The cost of shipping insurance in the Strait of Hormuz has surged over the last four months. Even after the US and Iran lifted their mutual blockade last week, insurers and ship…
- Mike Ashton on How the Market Expresses Inflation Expectations · 35 min · Temporada 1 Episódio 81Investors often use inflation swaps and breakevens — the difference in yields between nominal Treasuries and TIPS — to deduce market participants’ inflation expectations. These…
- Alexis Maxwell on How Rising Fertilizer Costs Drive Food Inflation · 29 min · Temporada 1 Episódio 80The Strait of Hormuz’s closure has driven up prices for fertilizer and diesel, two inputs essential for agricultural production. Considering how farmers pre-buy fertilizer and…
- Emanuel Mönch on the Post-Pandemic Term Premium · 27 min · Temporada 1 Episódio 79The term premium — investors’ compensation for holding longer-term Treasuries instead of T-bills — fluctuates with inflation uncertainty, federal deficit worries, and central…
- Stan Veuger on the Economic Risks of Population Decline · 27 min · Temporada 1 Episódio 78Changes in foreign migration caused US population growth to slow last year and potentially turn negative in 2026. Federal programs and private debt markets structured around an…
- Jeff Lacker on Shrinking the Fed’s Balance Sheet · 51 min · Temporada 1 Episódio 77The Fed’s balance sheet has swelled from $900 billion in 2008 to just under $7 trillion in April 2026. Policymakers bought up securities to support the economy during the global…
- SPECIAL PODCAST: Rachel Ziemba on the Strait of Hormuz · 41 min · Temporada 1 Episódio 76The recently announced two-week ceasefire between the US and Iran is giving investors hope that traffic will normalize soon in the Strait of Hormuz, a narrow waterway that before…
- Fabio Natalucci on the Rise and Risks of Private Credit · 45 min · Temporada 1 Episódio 75Private credit has outgrown its original niche of lending to middle-market firms using funds from institutional investors with long time horizons. Rising participation from…
- Chad Syverson on the Causes and Effects of a Productivity Boom · 38 min · Temporada 1 Episódio 74AI optimism is fueling expectations for a sustained post-pandemic productivity surge that supports robust economic growth and permits easier Fed policy. However, history suggests…
- Joe Kane on the Infrastructure Demands of AI Data Centers · 42 min · Temporada 1 Episódio 73As investment into Artificial Intelligence continues to grow, construction of AI data centers is significantly increasing the demand for electricity, water, and land use across…
