Shows / FICC Focus
FICC Focus
FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities, and currencies by Bloomberg Intelligence analysts.
Episodes
- FICC Focus
Barings’ Ockerbloom Sees Opportunity in Real Estate: EM Lens
Real Estate remains highly localized, a feature which contributes to its noncorrelated and rate-sensitive nature, says Barings Head of US & European Real…
- FICC Focus
Antares’ Mathew on Direct Lending’s Advantages: Credit Crunch
With plenty of private equity dry powder and a growing supply-demand imbalance, direct lending is well positioned to grow, according to Antares Capital…
- FICC Focus
Active Muni ETFs Are a Brave New World: Masters of the Muniverse
The record growth in municipal bond ETFs, and more specifically actively managed muni ETFs, has led to more innovative alternative strategies. In this episode…
- FICC Focus
Abrdn’s McCann on Fed Narratives and Fiscal Risks: Macro Matters
It does look like the Fed is nailing this soft landing, so we’re feeling quite positive around where we’re going, says James McCann, Deputy Chief Economist at…
- FICC Focus
Polen Capital on Its Multiasset Solutions Outlook: Credit Crunch
Polen Capital, with deep roots in the world of growth equity investing, has expanded into the opportunistic high yield bond market, leveraging its acquisition…
- FICC Focus
High Yield 4Q Investor Survey, Europe vs. US View: Credit Crunch
High yield credit had a strong year (to date), as yields rallied and spreads followed, while defaults didn't blow up as feared. In Europe, the index default…
- FICC Focus
Mercer’s Nuzum: Lean Into Emerging and Frontier Markets: EM Lens
Globalization has slowed, yet access to local markets is improving, and the EM asset class remains underrepresented in most global portfolios. In this episode…
- FICC Focus
Nouriel Roubini on Policy Stimulus, Stagflation & Geopolitical Risk: FICC Focus Special
Despite the recent spike in volatility, investor sentiment is broadly positive, yet tail risks are emanating as we push into year-end. Dr. Nouriel Roubini…
- FICC Focus
Bloomberg Volatility Forum NYC 2024: All Options Considered
This edition of All Options Considered is the recording of part of the Bloomberg Volatility Forum 2024 held in NYC on October 1st. It starts with the opening…
- FICC Focus
BlackRock’s Lynam Constructive on Credit Outlook: Credit Crunch
Private credit markets have seen tremendous growth over the past decade, establishing themselves as viable sources of funding for companies across the rating…
- FICC Focus
JFW’s Jon Weber on Post-Reorg Boards: State of Distressed Debt
“LMEs buy time for the sponsor, but I’m increasingly seeing that that’s all it really does.” Jon Weber, founder of JFW & Co., doesn’t mince words regarding the…
- FICC Focus
State of US Systemic Risks with DiMartino Booth: Macro Matters
In the beige book, you see all 12 districts reporting declining spending in some way shape or form, and that’s unheard of: There is no such thing, and I think…
- FICC Focus
China Stimulus No FX Game Changer After Cyclical Lift: FX Moment
China's recent monetary and fiscal stimulus announcements may bring near-term cyclical relief and add to the bullish case for yuan-proxy currencies like the…
- FICC Focus
FS Investments’ Beckman on Opportunistic Credit: Credit Crunch
The corporate credit landscape could face uncertain times ahead, with upcoming elections, policy shifts and global conflicts. Andrew Beckman, Head of Global…
- FICC Focus
Rate Volatility and Central Banks: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Dan Hanson, Chief UK Economist at…
- FICC Focus
Vontobel’s Jackson on Outlook for Global Fixed Income: EM Lens
Andrew Jackson, head of fixed income at Vontobel Asset Management, joins BI chief emerging market fixed income strategist Damian Sassower, to discuss portfolio…
- FICC Focus
SVP’s Woltery on Opportunity in Europe: State of Distressed Debt
SVP operates as “one big virtual global office” built on three functional “pillars” — sourcing, dealmaking and its operating partners — according to HJ…
- FICC Focus
Unemployment at 5% May Escalate Fed’s Rate Cuts: Macro Matters
The new supercore CPI to watch is the Bureau of Labor Statistic’s Quarterly Census of Employment and Wages, given US Federal Reserve Chair Jerome Powell’s…
- FICC Focus
The Future of Financial Research, With BI’s Dwyer: Macro Matters
With artificial intelligence tools, we think we can cover more, in more depth and with the same number of people, and we can be faster to market, says David…
- FICC Focus
Solutions in a Changing Muni Landscape: Masters of the Muniverse
The performance of the broad muni index has been positive this year, while also notably falling short of the stronger showing by its fixed-income counterparts…
- FICC Focus
Are Spreads Pricing Fed, ECB Cuts for Perfection?: Credit Crunch
Credit markets have had a strong year, a few blips notwithstanding. After the ECB cut rates twice, the BOE once and with the Fed about to embark on a long…
- FICC Focus
US Politics Could Soon Revive De-Dollarization Talk: FX Moment
The dollar's status as the ultimate global reserve currency is intact and the currency is still leading on the International Monetary System's key parameters…
- FICC Focus
VIX at 65, MOVE Above 100: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu covers the VIX at 65 being due to market…
- FICC Focus
Schroders’ Graham Seeks Alpha in EM Corporate Credit: EM Lens
Emerging Market corporate and quasi-sovereign debt is outperforming the broader EM sovereign-credit complex, as the asset class returns to favor following…
- FICC Focus
Rethinking Macro Credit Patterns via BI STRTE: Credit Crunch
Macro credit trends tend to be based on more of a feel than precise numbers. In this latest episode of the Credit Crunch podcast, Mahesh Bhimalingam, Chief…
- FICC Focus
How Canada’s Economy, Rates Have Diverged From US: Macro Matters
The Canadian economy is rife with potholes that could potentially be hit by a policy mistake, says Stuart Paul, US and Canadian economist for Bloomberg…
- FICC Focus
Johnston on Credit-Research Data Tools: Masters of the Muniverse
As we edge closer to a US Federal Reserve rate decision and a presidential election, municipal credit will get more attention. In this Masters of the Muniverse…
- FICC Focus
SLR Cofounders on Specialty Financing Advantages: Credit Crunch
SLR Capital Partners has built expertise in corporate lending, asset-based financing, life-science credits and other segments over nearly two decades. The…
- FICC Focus
Sprayregen on Restructuring Landscape: State of Distressed Debt
Don’t expect “gentlemanly” behavior from corporate boards under financial stress, says Hilco Global’s Vice Chairman James H. M. Sprayregen, as they should…
- FICC Focus
BIoomberg Intelligence on the Great Dollar-Yen Unwind: FX Moment
The great dollar-yen unwind is under way, with the combined shift to much more dovish Fed-easing prospects and more hawkish BOJ expectations the perfect…
- FICC Focus
Future of Fed Policy Changes and Fiscal Scenarios: Macro Matters
The unemployment rate will surprise the Fed, rising to 4.5% at the end of this year, says Anna Wong, chief US economist for Bloomberg Economics. Wong joins…
- FICC Focus
Election Puts Muniland in Its Sights: Masters of the Muniverse
With US presidential election campaigns in full swing, we thought it prudent to revisit what this year could mean for the municipal bond market in terms of…
- FICC Focus
Systematic Credit Growth Seen by Insight’s Benson: Credit Crunch
Increased electronification and the growing prevalence of portfolio trading are creating opportunities for systematic credit, which seeks to harness the…
- FICC Focus
Bonds Are Not Vegetables Says HSBC’s Steven Major: Macro Matters
Steven Major, HSBC’s global head of fixed-income research, joins Bloomberg Intelligence’s chief US rates strategist Ira Jersey and BI senior rates strategy…
- FICC Focus
Fed Easing Cycles and Unsustainable Fiscal Policy: Macro Matters
The economy is firing on all cylinders and continues to show positive momentum, says Lara Rhame, chief US economist at FS Investments. Rhame joins Macro…
- FICC Focus
Central Bank Reserves, Markets, Bitcoin: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Matt King, Founder of Satori…
- FICC Focus
Shorecliff’s Nachman on Launching, Running a Fund: Credit Crunch
Shorecliff Asset Management’s Grant Nachman talks about the intellectually-enriching challenges of launching a new firm in this episode of Bloomberg…
- FICC Focus
HSBC’s Ulgen on Emerging-Market Fundamentals, Sentiment: EM Lens
Murat Ulgen, Global Head of EM Research at HSBC, and BI’s Chief Emerging Markets Credit Strategist Damian Sassower discuss how US yields and the dollar have…
- FICC Focus
High Yield 3Q Investor Survey, View Ahead of Cuts: Credit Crunch
High yield corporate credit had a strong 1H, despite rates volatility, as spreads rallied and defaults stayed low. In Europe, the index default rate stands at…
- FICC Focus
Global Elections Permeate Sovereign Bond Markets: Macro Matters
US congressional partisanship is at it’s highest level ever and there’s no fiscal restraint on either side of the aisle, says Macro Matters host and Bloomberg…
- FICC Focus
Time to Forget French Politics, Focus on the US Race: FX Moment
French and UK politics generated most headlines in recent weeks -- and France's political conundrum has yet to be solved -- but US politics are likely to take…
- FICC Focus
Jacoby on Purdue’s Impact; Uptier Rows: State of Distressed Debt
US Supreme Court Justice Brett M Kavanaugh would have a “great career as a restructuring professional,” according to University of North Carolina at Chapel…
- FICC Focus
Bittersweet Farewell to BN’s Joe Mysak: Masters of the Muniverse
A lot has changed in the world of munis over the past 40 years, but don’t take our word for it. Joining hosts Eric Kazatsky and Karen Altamiranoon the June…
- FICC Focus
US Economic, Rates Outlook with BE’s Stuart Paul: Macro Matters
Watching the household survey portion of the Employment Situation report may be a better indicator of the economy, Stuart Paul of Bloomberg Economics says on…
- FICC Focus
TCW’s Foley Looks to EM Debt for Idiosyncratic Carry: EM Lens
Carry has been the primary driver of EM risk premia in recent years, yet the landscape may be shifting as growth improves, inflation recedes and geopolitical…
- FICC Focus
Pretium’s Ouderkirk on Accessing the CLO Market: Credit Crunch
Diversification, lower default rates and elevated yields are just a few of the features of today’s collateralized loan obligation (CLO) landscape, says Senior…
- FICC Focus
Matt Doheny on Investing, Yellow, and FTX: State of Distressed Debt
Citadel and MFN competing to fund an unsecured junior DIP financing was just one of the "remarkable" aspects of Yellow Corp's ongoing bankruptcy, according to…
- FICC Focus
G3+ Central Bank, Currency, Interest Rate Outlook: Macro Matters
Federal Reserve Chairman Jerome Powell and the Fed are conflicted on economic data, says Morgan Stanley’s Global Head of Marco Strategy Matt Hornbach in this…
- FICC Focus
Can Start of Rate Cuts Keep Credit Spreads Tight?: Credit Crunch
Credit markets had a strong nine months of rally, particularly in spreads, although there were yield blips. As the environment changes with rate cuts, led by…
- FICC Focus
US Election Pricing, Income Funds: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Matthew Tym, Head of Equity…
- FICC Focus
BoC, Loonie Give Dollar-Bears a Plan B Till Fed Turns: FX Moment
The Bank of Canada's 25-bp June rate cut and statement bolster the view that dollar bears tired of waiting for the Fed could retain the loonie-bear view until…
- FICC Focus
Global Economic Decoupling With MKP’s McMahon: Macro Matters
“You’ve come off a period of 15-plus years of a zero interest-rate policy that has allowed politicians to believe that you can spend money at no cost,” says…
- FICC Focus
Technological Advancement in Muni SMAs: Masters of the Muniverse
Higher-for-longer rates, along with elevated municipal-bond issuance, may signal that attractive entry points for muni investors are here for a bit longer…
- FICC Focus
17Capital's de Selancy on NAV Lending Expansion: Credit Crunch
NAV finance has been at the forefront of innovation in private credit markets, seeing tremendous growth since the start of the pandemic, when private equity…
- FICC Focus
Rabobank’s Lawrence on Investing in a ‘New’ Old World: EM Lens
Geopolitical uncertainty is causing many developed and emerging market governments to invoke protectionist measures, and this new world order looks similar to…
- FICC Focus
PIMCO’s Jerome Schneider on Money-Market Dynamics: Macro Matters
Stickier inflation is here to say, and we probably aren’t returning to 2% in the near term, says Jerome Schneider, managing director and leader of short-term…
- FICC Focus
High Yield 2Q Investor Survey, Loan vs. Bond View: Credit Crunch
High yield had a great 4Q rally in rates and spreads, which filtered into 1Q gains as defaults stayed low. In Europe, the index default rate stands at 0.95%…
- FICC Focus
Katten’s Winters on Distressed Governance: State of Distressed Debt
Investigations into debtors’ pre-bankruptcy machinations are evolving toward a “consensus model” where committees of independent directors are cooperating with…
- FICC Focus
BOJ Intervention Alone Won't Turn Dollar-Yen Fortunes: FX Moment
The challenges of unilateral FX intervention by the Bank of Japan may mean that a confirmed dovish Fed adjustment and/or a step-up in the BOJ tightening cycle…
- FICC Focus
Special Situations Landscape With Polus’ Dafforn: Credit Crunch
Slowing growth and elevated interest rates are opening the door to fresh opportunities in the special situations world, as companies face growing “time under…