At Any Rate
Maelezo ya Kituo
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.
Vipindi vya Hivi Karibuni
143 vipindi
Asia Cross Asset Podcast: From Abenomics to ‘Sanae-nomics’ - What to expect for Japan policies, markets and the Yen
Featured in this podcast are Ayako Fujita, Rie Nishihara, Junya Tanase and Arindam Sandilya discuss the outlook for Japanese macro and markets in the...
At Any Rate: Of funding and refundings
Rates strategists Jay Barry, Teresa Ho, and Phoebe White discuss recent developments in money markets and what it could mean for the Fed’s QT process....
Global FX: Japan focus, US/China, PMIs, Fed/ECB
Patrick Locke, Junya Tanase, Meera Chandan, Arindam Sandilya and James Nelligan discuss the pivotal Japan macro week ahead of us, as well as the outlo...
Global Commodities: Oil glut paves way for stronger sanctions. If enforced
Nearly 70% of Russian crude production and exports are now under sanctions, raising costs and slowing settlements even though only 5% of exports use U...
EM Fixed Income: Reviewing the global & previewing the upcoming idiosyncratic
Jonny Goulden, Anezka Christovova and Gisela Brant discuss the latest market developments and their impacts for the EM fixed income asset class.
...
Taking stock of the evolving value proposition of stablecoins
We discuss the key takeaways of our recently published report “Macro Corporate Spotlight: Taking stock of the evolving value proposition of stablecoin...
Global Commodities: Cocoa demand crunch not as bitter as feared
With Halloween around the corner, one of the peak seasons for chocolate and confectionery demand, cocoa prices have corrected sharply lower, down -20%...
US Rates - Does QT's end matter for funding and Treasury markets?
With QT likely to conclude by the end of the year, US Rates strategists Teresa Ho and Phoebe White discuss the implications for funding and Treasury m...
Global FX: Sailing the USD Bearish Ship in Murky Waters
Against a backdrop of limited data visibility from the US government shutdown, our Global FX Strategists discuss 1) how global growth momentum indicat...
European Rates: market moves, 2026 Euro area issuance, SSAs, Scandi markets and European inflation
In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss the recent European rate markets moves as well as a variety of different t...
Asia Cross Asset Podcast: Japan - The New LDP Leader: Implications for policy and markets
Featured in this podcast are Sajjid Chinoy, Ayako Fujita, Junya Tanase, Takafumi Yamawaki, Rie Nishihara and Tim West.
This episode was recorded...
Global FX and Commodities: The bullish case for gold, the bearish case for USD ex-yen and the shutdown showdown
Meera Chandan, Natasha Kaneva, Anezka Christovova, Junya Tanase and Patrick Locke discuss the outlook for gold/ the dollar, emphasize the case for cyc...
EM Sovereign External Repayment Risks: Staying alive after 2025
Ben Ramsey, Nishant Poojary and Jonny Goulden discuss the latest publication on EM Sovereign External Repayment Risks. This report builds on our previ...
Global FX: Shutdown limbo
This week, our Global FX Strategists, Arindam Sandilya and Patrick Locke break down the latest on 1) the US government shutdown's impact on the dollar...
Global Rates: Cross currency basis 4Q25 outlook
In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of €STR/SOFR cross currency bases.
Speakers:
Ipek Ozil, Head of...
Global Commodities: Agri trade returns to President Trumps Agenda
Agri markets have returned to the US trade agenda, following President Trump’s commitment to discuss China’s absence of US soybean export orders at an...
EM Fixed Income: Is better growth worse for EM?
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.
...
US Rates - So long EFFR, welcome TGCR
US Rates Strategists Teresa Ho and Ipek Ozil reflect on shifts to SOFR and EFFR this month as well as discuss the implications of TGCR as an alternati...
Global FX: Systematic signals, payrolls/ shutdown, risks to EUR/USD, AI-FX links
Meera Chandan, Antonin Delair and Patrick Locke discuss the lower conviction and data dependent outlook for the dollar, as well as implications from s...
Global Commodities: Supply disruptions give copper prices breakout velocity
A larger than initially expected supply disruption from the world’s second largest copper mine, Freeport’s Grasberg in Indonesia, will significantly t...
Global Rates: Scandi Central Banks and noisy UK politics
In this podcast Francis Diamond and Khagendra Gupta discuss the Riksbank and Norges Bank meetings this month and implications for Scandinavian rate ma...
EM Fixed Income: Frontier Markets Focus
Ayomide Mejabi, Nicolaie Alexandru, Katherine Marney and Gbolahan Taiwo discuss the mood at the 2025 Emerging and Frontier Markets Opportunities Confe...
Global Commodities: At Any Rate: Party like a semiquincentenarian
With the Fed cutting cycle commencing this week, consensus expectations of a straightforward series of quarter-point rate cuts conceals a broad spectr...
Global FX: Take-aways from FOMC and other DM central banks
Following DM central bank Superweek, we discuss currency take-aways from the Fed, BoC, Norges Bank and BoE and preview FX implications from the SNB an...
Global Rates: Digging into a week of DM central bank decisions
Rates strategists Jay Barry and Francis Diamond discuss the outcomes of this week's FOMC, BoE, and BoJ meetings, and the impact on DM rates markets.
Global Rates: Monthly Inflation Outlook
US Rates strategist Phoebe White and European Rates strategist Frida Infante discuss the August inflation data and their outlook for inflation markets...
EM Fixed Income: (EM) Credit where credit’s due
Jonny Goulden, Ben Ramsey, YM Hong and Ayomide Mejabi discuss the implications of the Fed cut for EM, as well as the mood at the Emerging and Frontier...
US Rates: Yield curve bull flattens ahead of September FOMC
US Rates strategists Phoebe White and Ipek Ozil reflect on the drivers of this week’s bull flattening move and discuss views ahead of next week’s FOMC...
Global FX: Previewing central bank event risk for FX
This week, our Global FX Strategists touch on the latest developments in CNY, and preview a loaded central bank week for currencies.
Sp...
Global Rates: ECB and BoE meetings, French spreads and Dutch indexation
In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss the Euro market post the September ECB meeting, French spreads following t...
Global Commodities: Beware the Ides of September
We revisit the five conditions outlined in June that are necessary for crude oil prices to start reflecting the expected year-end weakness, and sugges...
Emerging Markets Outlook and Strategy for September 2025
Jonny Goulden, Anezka Christovova and Nora Szentivanyi discuss the latest market developments and their impacts for the EM fixed income asset class.
Global FX and Rates: Yield curve steepening, payrolls and FX hedge ratios
Meera Chandan, Francis Diamond, Patrick Locke and Octavia Popescu discuss the drivers of yield curve steepening across DM markets, FX implications of...
Global Commodities: Risk premium out, storage premium in
Oil prices have been trading at a premium to fair value over the last two months with Brent’s outperformance driven not by geopolitical factors but ra...
EM Fixed Income: Wake me up when September starts
Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the post-summer investment environment for EM and thoughts around tomorrow's payrolls scenari...
Global Rates: Scandi Rates Outlook
In this podcast Khagendra Gupta and Frida Infante discuss recent developments and our views in Sweden and Norway rates market.
This pod...
Global Rates: Euro area and UK rate markets into the end of summer
In this podcast, Francis Diamond and Khagendra Gupta discuss their latest views on Euro area and UK rate market as markets start to move out of summer...
Global Economics, FX and Rates: French political scenarios for macro markets
Meera Chandan, Aditya Chordia and Raphael Brun-Aguerre discuss the various possible outcomes for the French political landscape and discuss implicatio...
Global FX: The weak dollar view passes a flow test
This week, our FX Strategists break down the growth/inflation mix in the US and how that’s impacting the dollar, before providing an update on the sta...
European Rates: Euro and UK inflation markets summer update
In this podcast Francis Diamond and Frida Infante discuss the outlook for Euro area and UK inflation over the coming months and their thoughts on HICP...