At Any Rate
Detaily kanála
At Any Rate
Analysts from J.P. Morgan Global Research take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.
Nedávne epizódy
183 epizód
Global Commodities: A week of commodity whiplash
In this episode, JPMorgan analysts digest yet another week of market volatility in commodities. The metals hit records on Thursday, but only to backtr...
Global FX and Commodities: The dollar, metals, APAC and vols
We assess the outlook for metals and the dollar after a parabolic week. Special focus on APAC.
Speakers:
Meera Chandan, Global FX...
EM Fixed Income: Navigating choppier seas with a temperamental compass
Jonny Goulden, Arindam Sandilya and Anezka Christovova discuss the latest market developments and their impacts for the EM fixed income asset class.
At Any Rate: US Rates - Should we talk about the weather?
Jay Barry and Phoebe White discuss the outlook for US rates in the wake of the FOMC meeting and preview the February refunding announcement.
Global FX: Bearish USD vs. EM FX risk appetite index, G10 cyclicals and the Fed
Macro signals are highly procyclical but technical signals turn cautious – we debate what matters more. Plus USD/CNY breaks 7.0, Scandis break higher,...
European Rates – Less keen on carry, UK political noise but no signal
In this podcast Francis Diamond and Aditya Chordia discuss some key themes in European rate markets for January, revisiting the theme of limited selec...
Global Rates: Cross currency basis 1H26 outlook
In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of €STR/SOFR cross currency base.
Speakers:
Khagendra Gupta - H...
EM Fixed Income: A technical signal amid all the noise
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
T...
Global Rates - Monthly Inflation Outlook
Rates strategists Francis Diamond and Phoebe White discuss their recently released Monthly Inflation Outlook. The recent increase in energy prices has...
Global Rates: 2026 Global government issuance outlook
J.P. Morgan’s Global Rates Strategy team discusses the outlook for DM government bond issuance in 2026.
Jay Barry, Head of Global Rates...
Global FX: FX in the political crosshairs
Arindam Sandilya, Patrick Locke, and Junya Tanase discuss the outlook for currency markets in the context of increased anxiety around Fed independence...
Global Commodities: Oil, gas, and metals kick off a volatile year
It has been a busy start of the year for commodities markets. In oil, market attention has shifted from Venezuela to Iran and the risk of more than 3...
EM Fixed Income: Sticking to the knitting
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
T...
At Any Rate: The GSEs and their $200bn Grand Spread Experiment
Ipek Ozil, Nick Maciunas and Nate Rosenbaum discuss GSEs buying Agency MBS in size following President Trump’s social media post and the potential imp...
Global FX: A highly procyclical start
Meera Chandan, James Nelligan, Anezka Christovova and Patrick Locke discuss opportunities in DM and EM FX as 2026 kicks off.
This podcast was re...
European Rates: January supply and technical drivers in Euro area rates, UK rates update
In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss some key themes in European rate markets for January, focusing on Euro are...
Global Commodities: Venezuela – implications on commodities
Recent events in Venezuela, specifically a US military operation on January 3, 2026, that captured Nicolás Maduro, so far have had limited immediate i...
Global FX: US data, DM central banks, year-end observations
In our last FX podcast of the year, we discuss the main questions and highlights from our year-ahead outlook meetings as well as take-aways from DM ce...
At Any Rate: US Rates - Keep the liquidity flowing
US Rates Strategists Teresa Ho, Ipek Ozil, and Phoebe White discuss the implications of the delayed economic data, Fed chair selection process, and th...
EM Fixed Income: The most wonderful time
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
...
Global FX: Dollar down after Fed; central banks and US data center stage for FX next week
This week, our Global FX Strategists break down what the recent move in global rates means for FX, and how the FOMC meeting impacted the broad dollar....
Global Commodities: Oil Outlook 2026/2027—Heavy Lifting
Surpluses in 2025 are expected to widen further into 2026 and 2027, as global oil supply is projected to outpace demand—expanding at three times the r...
Global Commodities: 2026 Outlook – Supply-driven crocodile cycle
Natasha Kaneva and team share J.P. Morgan’s 2026 Global Commodities Outlook. Commodity prices have experienced repeated and highly synchronized cycles...
Global FX Outlook 2026: Bearish USD, Bullish Beta
The Global FX Strategy team delves into the year-ahead currency outlook across macro, systematic and derivative dimensions.
Meera Chandan, Globa...
Global FX Volatility Outlook 2026
FX vol remains subdued into 2026 on resilient US growth and low central bank activity, but starting levels limit further downside. Policy events in 1Q...
Emerging Markets Outlook and Strategy for 2026
Luis Oganes, Jonny Goulden and Jahangir Aziz discuss the economic and fixed income market themes in their Emerging Markets outlook for 2026.
Global Rates 2026 Outlook
J.P. Morgan’s global rates strategists discuss the 2026 outlook for developed markets, with discussions on rates, curves, swap spreads and volatility....
Global Commodities: Metals headed for even greater heights
Greg Shearer shares J.P. Morgan’s outlook for base and precious metals in 2026. We retain our structural, multi-year bullish outlook for gold, seeing...
Global Rates: Analyzing Eurex and US futures roll
In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of US and Eurex futures roll and their outlook for Dec25/Mar26 bond futures rollover...
Global FX: EUR/USD contemplation, GBP fiscal and JPY woes
Arindam Sandilya, Meera Chandan and James Nelligan discuss the outlook for currencies with a focus on the European FX bloc.
This podcast...
Global Commodities: Rising LNG supply underscores need for demand-side infrastructure
Greg Shearer speaks with Otar Dgebuadze and Nina Fahy on the rising global LNG supply, slowdown of demand in key established markets and how the infra...
EM Fixed Income: A year of Latam elections
Anezka Christovova, Ben Ramsey, Tania Escobedo, Alisa Meyers and Gisela Brant discuss election considerations for LatAm fixed income markets.
Th...
Agri Outlook for 2026/27: Volatility to return off compressed levels in 2026, as global agri availability continues to slide
Tracey shares the Agri outlook for 2026/27, elaborating on her view: bearish short-term prospects for US soybeans but constructive outlooks for grains...
European Rates: BoE and Scandi central bank roundup
In this podcast Francis Diamond and Khagendra Gupta discuss the recent Riksbank, Norges Bank and BoE meetings this week and implications for European...
Global FX: Dollar oscillates; more fiscal clarity for GBP & CAD
This week, our Global FX Strategists discuss various US factors influencing the dollar, the outlook for EUR, and the latest budget-related development...
EM Fixed Income: All the small things
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
T...
Global Rates: Trick or Treating with Central Banks
Ipek Ozil and Khagendra Gupta discuss the recent and upcoming central bank developments as well as their impact on derivatives markets.
...
Global FX: Hawkish Fed & dovish BoJ force a Yen forecast rethink
This week, our Global FX Strategists discuss whether the hawkish Fed surprise changes the outlook for the dollar, how we’re thinking about USD/JPY for...
Global Commodities: China’s LNG demand to peak in early 2030s
China’s gas market has seen robust demand growth, matched with domestic production growth and rising Russian pipeline flows, leading to our conclusion...
EM Fixed Income: Not spooked yet
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
T...