At Any Rate
J.P. Morgan Global Research
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Top 10 At Any Rate Episodes
Goodpods has curated a list of the 10 best At Any Rate episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to At Any Rate for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite At Any Rate episode by adding your comments to the episode page.
06/30/23 • 23 min
Jonny Goulden and Saad Siddiqui discuss the latest developments in EM fixed income and how much value there is in EM local markets and hard currency bonds.
Speakers
Jonny Goulden, Emerging Markets Strategist
Saad Siddiqui, Emerging Markets Strategist
This podcast was recorded on date.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4446987-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
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Global Commodities: Commodities Supply Chains in a New International Order - Bretton Woods 2.0
At Any Rate
05/13/22 • 13 min
Natasha Kaneva discusses the pivot point the global economy is at, necessitating a realignment in the US trade objective from free to "free but secure.” The new plurilateral trade order would realign commodities supply chains among like-minded countries (friend-shoring) to ensure the availability, affordability, security, and sustainability of natural resources. In addition to significantly higher costs of commodities production and supply chain redundancies, the management of strategic and commercial inventories will also have to change, replacing the just-in-time supply chain with just-in-case.
SpeakersNatasha Kaneva, Head of Global Oil and Commodities Research
This podcast was recorded on May 13, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4075607-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
06/21/24 • 15 min
Rates strategists Jay Barry and Phoebe white discuss trends in Treasury market liquidity. Trading volumes have increased, market depth and microstructure data indicate improved liquidity as well, but off-the-run dispersion has increased, and dealer inventories have climbed recently. Overall Treasury market functioning seems to be sitting at post-pandemic averages.
Speakers:
Jay Barry, co-head US Rates Strategy
Phoebe White, US Rates Strategy
This podcast was recorded on June 21, 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at: https://www.jpmm.com/research/content/GPS-4724030-0. For more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved.
At Any Rate: How soon is now
At Any Rate
09/23/21 • 16 min
In our latest podcast, analysts Alex Roever and Jay Barry discuss the outcome of the September FOMC meeting and the attendant impact on the rates markets. They delve how the outcome was more hawkish than expected, as the Fed is likely to complete its asset purchases earlier than expected They discuss the impact on the yield curve and the explore the path for the curve going forward. They also discuss the implications of the Fed increasing the counterparty limit on the Overnight RRP facility, and review latest developments on the debt ceiling debate.
This podcast was recorded on September 23, 2021.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-3868711-0 and https://www.jpmm.com/research/content/GPS-3869204-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
At Any Rate: Known unknowns
At Any Rate
11/05/21 • 24 min
Alex Roever is joined by Mike Feroli and Jay Barry to discuss the outcomes of the November FOMC meeting and Treasury’s quarterly refunding announcement and the impact on the US rates market. The Fed delivered a tapering announcement, as expected, and is likely to complete its asset purchases by mid-2022 much quicker than the 2013-2014 timeline. Moreover, the Fed changed its description on the outlook for inflation, and the onus is on labor supply is critical to thinking about the outlook for inflation and policy rates in 2022. Front-end yields declined this week and priced a more dovish path for Fed policy in 2022, but driven more by global dynamics than the FOMC Finally, the Fed’s quick taper has been accompanied by large cuts to Treasury auctions sizes, with more likely to come in 2022. This should allow the T-bill share of debt to stabilize.
This podcast was recorded on November 4, 2021.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3910586-0 , https://www.jpmm.com/research/content/GPS-3910596-0 , https://www.jpmm.com/research/content/GPS-3911077-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
12/01/21 • 19 min
Alex Roever is joined by Eric Beinstein and Nelson Jantzen to discuss the outlook for High Grade and High Yield corporate credit markets in 2022. Rising UST yields, improving credit fundamentals, and less net supply should lead to modestly tighter spreads. We also see the environment sustaining tight spreads in leveraged credit, especially for floating-rate loans.
This podcast was recorded on December 1, 2021.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3930907-0, www.jpmm.com/research/content/GPS-3928409-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
Commodities Focus: Oil price forecasts: baseline and risks **Corrected link to related research**
At Any Rate
07/08/22 • 15 min
Natasha Kaneva discusses J.P. Morgan’s baseline view on global oil markets and associated risks. We expect Russian exports will adjust towards other buyers without a serious disruption to its production. This, combined with the 1.2 mbd monthly drawdown of global strategic petroleum reserves and demand beginning to falter amid record-high oil product prices are sufficient to prompt a fragile balance and stabilize the global oil price in the low $100s in 2H22 and high $90s in 2023. Macro risks are becoming more two-sided. A 3 mbd retaliatory reduction in Russian oil exports is a credible threat and if realized will drive Brent crude oil prices to roughly $190/bbl. On the other hand, the impact of substantially lower demand growth under recessionary scenarios would see Brent crude oil price averaging around $90/bbl under a mild recession and $78/bbl under a scenario of a more severe downturn.
SpeakersNatasha Kaneva, Head of Global Oil and Commodities Research
This podcast was recorded on July 8, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4141238-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
At Any Rate: Unstable Coins
At Any Rate
05/13/22 • 12 min
A stablecoin has become unstable. US and global funding markets and regulators are watching closely for signs of contagion. J.P. Morgan’s Teresa Ho joins Alex Roever to discuss their note on recent developments.
SpeakersAlex Roever, US Rates Strategy
Teresa Ho Gentile, US Fixed Income Strategy
This podcast was recorded on May 13, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4091899-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
EM Fixed Income: Looking kinda stressed
At Any Rate
07/21/22 • 18 min
Jonny Goulden and Saad Siddiqui discuss the recent signs of stress in EM fixed income markets and whether these point to a bottom for EM risk assets or are part of an ongoing period of macro headwinds.
This podcast was recorded on July 21, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4152980-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
11/30/21 • 29 min
Alex Roever is joined by Srini Ramaswamy, Fabio Bassi, and Jay Barry to discuss the outlook for US and developed market interest rates in 2022. They discuss the relative differences in central bank reaction functions and the resulting impact on yields. Notably, the ECB is set to further expand its balance sheet expansion in 2022, but we forecast 10-year bund yields rising to -15bp and the curve steepening by 2Q22. The BoE is likely to raise rates next month and twice in 2022, pushing 10-year gilt yields to 1.15% by mid-year. We envision above-trend growth and a Fed on the move pushing 10-year yields to 2% by mid-2022. Fed tapering and bank leverage constraints will likely lead to slower deposit growth and demand for Treasuries in 2022. We envision volatility rising in 2022, supported by an active Fed and rising longer-term rates.
This podcast was recorded on November 30, 2021.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3931469-0, www.jpmm.com/research/content/GPS-3931940-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
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FAQ
How many episodes does At Any Rate have?
At Any Rate currently has 504 episodes available.
What topics does At Any Rate cover?
The podcast is about Podcasts and Business.
What is the most popular episode on At Any Rate?
The episode title 'EM Fixed Income Focus: Mid-year debates around value in local markets and hard currency' is the most popular.
What is the average episode length on At Any Rate?
The average episode length on At Any Rate is 17 minutes.
How often are episodes of At Any Rate released?
Episodes of At Any Rate are typically released every 1 day, 20 hours.
When was the first episode of At Any Rate?
The first episode of At Any Rate was released on Oct 1, 2019.
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