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
Geopolitics, Biden vs. Trump and Markets: All Options Considered
In this edition of All Options Considered, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Jennifer Welch, Chief Geo-economics Analyst…
- FICC Focus
Fed Balance Sheet Runoff and Treasury Issuance: Macro Matters
Chairman Jerome Powell had opportunities at the May FOMC meeting to put interest rate hikes back on the table and surprisingly did not, says Ira Jersey, host…
- FICC Focus
IMF’s Natalucci and Wu on Risks to Financial Stability: EM Lens
Loose financial conditions are helping to alleviate short-term stability concerns, yet medium-term vulnerabilities are rising as the result of less-optimistic…
- FICC Focus
The Economy, the Fed, and the Mortgage Market: Macro Matters
Inflation is holding stubbornly above the Federal Reserve’s target, throwing expectations for rate cuts into turmoil and playing havoc with housing and…
- FICC Focus
Rate-Cut Delays Wounded Credit - How Much Longer?: Credit Crunch
Credit markets sold off in the past month, across the board, on rate-cut delays being priced in globally, led by the Fed. It takes us to an interesting…
- FICC Focus
Yieldstreet’s CIO on Opening Up Alternatives: Credit Crunch
Alternative investments have historically been available only to institutions and ultrahigh-net-worth individuals, but that may be changing. Yieldstreet Chief…
- FICC Focus
Blind Spots in Active Muni Management: Masters of the Muniverse
Part of being an active manager is not only looking for assets that have an edge, are mispriced or are the next hottest thing, but also learning to avoid…
- FICC Focus
Arena's Zwirn on Flexibilty in Special Situations: Credit Crunch
Complexity and illiquidity are desirable features for Dan Zwirn, CEO, CIO and Co-Founder of Arena Investors. Zwirn talks about the benefits of the special…
- FICC Focus
US Rate Markets Refresh After Two Weeks of Mayhem: Macro Matters
The US Treasury’s liquidity-support buyback operations aren’t quantitative easing by a different name, says Bloomberg Intelligence US Rates Strategy Associate…
- FICC Focus
Euro-Dollar Parity Talk, Dollar-Yuan, Intra-Asia FX: FX Moment
In our latest FX Moment podcast, Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, and Stephen Chiu, chief Asia FX and rates strategist…
- FICC Focus
Volatility Forum 2024 Part II: All Options Considered
This edition of All Options Considered is part II of the recording of the Bloomberg Volatility Forum 2024 held in London on March 19th. This is the discussion…
- FICC Focus
Ken Feinberg on Mass Tort Mediation: State of Distressed Debt
Deadlines and ensuring the right parties are at the table are two crucial ingredients for successful mediations, according to Ken Feinberg, who was the Special…
- FICC Focus
DiNapoli on NY and Taxpayer Migration: Masters of the Muniverse
New York City hasn’t fully recovered from the pandemic, and that leaves both the city and state concerned about future revenue to face any new economic…
- FICC Focus
Volatility Forum 2024: All Options Considered
This edition of All Options Considered is the recording of part of the Bloomberg Volatility Forum 2024 held in London on March 19th. The first part is the…
- FICC Focus
Chatterjee on Carrying in a Low-Volatility Beta Regime: EM Lens
Event risk will garner greater attention as the emerging-market election calendar heats up in May. In this month’s EM Lens & Look-Through podcast, Wells Fargo…
- FICC Focus
Mid-Market Lending With Jim Fellows, First Eagle: Credit Crunch
Philosophy, process, people and performance — that’s what Jim Fellows, co-president and CIO of First Eagle Alternative Credit, says underpins FEAC’s investment…
- FICC Focus
Powell’s Dovish March Surprise With Anna Wong: Macro Matters
I think the Fed is extremely data dependent, if anything, too data dependent, says Anna Wong, chief US economist for Bloomberg Economics. In this Macro Matters…
- FICC Focus
Muni Manager’s Active Focus Bucks Tide: Masters of the Muniverse
Municipals are starting the year semi-flat, and the latest read on consumer prices won’t do much to alleviate the concern of market participants that…
- FICC Focus
Is Credit Too Tight On Low Defaults and Rate Cuts?: Credit Crunch
Credit markets had a strong six months of rally, particularly in spreads, although not necessarily in yields. Are credit spreads too tight, and is that…
- FICC Focus
Houlihan Lokey's Hardie on Yet-to-Crest Wave of Distressed Debt: State of Distressed Debt
The distressed cycle is on the upswing as rates pinch post-pandemic borrowers, in the eyes of William ‘Tuck’ Hardie, Managing Director in Houlihan Lokey’s…
- FICC Focus
Treasury Market Updates With AmeriVet’s Faranello: Macro Matters
The Federal Reserve is restrictive, and policymakers left themselves room to cut on the way up, says Greg Faranello, head of US rates at AmeriVet Securities…
- FICC Focus
What's Next for the Swiss Economy, the SNB and Franc?: FX Moment
In the latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence's chief G10 FX strategist, talks about the Swiss economy, the SNB's outlook…
- FICC Focus
JP Morgan’s Maciunas on Shifting Demand for MBS: Macro Matters
MBS demand from banks and international buyers is seen as weakening in the near term as expectations for the US Federal Reserve’s first rate cut and a taper in…
- FICC Focus
Driving Illiquid Muni Pricing with AI: Masters of the Muniverse
For a market notoriously known for resisting change, the municipal bond market is arguably one of the most in need of advanced technologies. Artificial…
- FICC Focus
SocGen’s Kalen Remains Upbeat on Emerging Market Carry: EM Lens
Emerging market carry should continue to outperform, as the fall in foreign exchange volatility reflects capitulation by dollar bulls. In this month’s EM Lens…
- FICC Focus
Acadian’s Richardson Dives Into Systematic Credit: Credit Crunch
Systematic credit investors seek to capitalize on mispricings that can be overlooked or hard to identify in more traditional investment strategies. Scott…
- FICC Focus
Bitcoin ETFs, 0DTEs With CBOE: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Catherine Clay, Global Head of…
- FICC Focus
Inflation and Policy Pivots with Seth Carpenter: Macro Matters
Seth Carpenter, chief global economist at Morgan Stanley, expects the Federal Reserve to taper its balance-sheet policy in May and to begin easing interest…
- FICC Focus
High Yield 1Q24 Investor Survey and Outlook: Credit Crunch
High yield had a great 2023 in both US and Europe, due to a strong 4Q rally in rates and spreads. In Europe, the index default rate stands at 0.8% and the…
- FICC Focus
Akin’s Abid Qureshi; BI on WeWork, Gol: State Of Distressed Debt
Sticky high rates have put an elevated floor under distressed supply. That’s the first topic Noel Hebert, Bloomberg Intelligence’s head of global credit…
- FICC Focus
Man Group’s Moniot on Rise of Credit Risk Sharing: Credit Crunch
Credit-risk sharing structures have undergone a significant evolution since the financial crisis, leading us to explore its emergence in markets and…
- FICC Focus
Here We Go Again -- Dollar Bulls Back in Charge: FX Moment
In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence (BI) chief G-10 FX strategist, discusses the dollar's prospects in the wake…
- FICC Focus
Unpacking January’s FOMC Meeting With BE’s Wong: Macro Matters
The risk of inflation re-accelerating is really in the last three months of 2024, says Anna Wong, chief US economist at Bloomberg Economics. In this episode of…
- FICC Focus
Game-Planning 2024 Election Impacts: Masters of the Muniverse
With the election year well on its way, peak partisanship and geopolitical volatility may mean increased risk for municipal bond markets. Though past election…
- FICC Focus
Blue Owl’s Packer on Direct Lending’s Long Runway: Credit Crunch
Blue Owl has grown from a few ideas to an alternatives manager with over $150 billion in assets under management, including almost $80 billion in credit. Craig…
- FICC Focus
State of Fixed Income, With UBS’ Bobby Martin: Macro Matters
“In the 12 months following a rate hiking cycle, typically, going out duration has a really strong potential return,” says Bobby Martin, Co-Head of Fixed…
- FICC Focus
Easing Cycle and Cross-Asset Volatility: All Options Considered
In this edition of the All Options Considered podcast, BI's chief global derivatives strategist Tanvir Sandhu is joined by Nancy Davis, founder of Quadratic…
- FICC Focus
G3+ Deep Dive Summary — Asynchronous Rate Cycle: Macro Matters
Global rate cuts seem certain, but the timing is less so. In this episode of the Macro Matters edition of the FICC Focus podcast, host Ira Jersey, Bloomberg…
- FICC Focus
Keep Calm, Carry On with Leveraged Loans and CLOs: Credit Crunch
CLOs are driving loan supply and in this Credit Crunch podcast, host Mahesh Bhimalingam, Bloomberg Intelligence Chief European Credit Strategist and Paul…
- FICC Focus
Canyon’s Sheffield; Latest on Rite Aid, Audacy & More: State of Distressed Debt
Noel Hebert, Bloomberg Intelligence’s chief US credit strategiest and Philip Brendel, BI distressed credit analyst, talk about the seasonal credit trends that…
- FICC Focus
Looking at G-10 FX Prospects in a Weak-Dollar World: FX Moment
In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence (BI) chief G-10 FX strategist, discusses 2024's currency prospects with…
- FICC Focus
Identifying Alpha Opportunities in EM Rates, Credit and Foreign Exchange: EM Lens
Emerging markets enter the new year on a high note as fixed-income investors continue to embrace the soft landing narrative. In this month’s EM Lens &…
- FICC Focus
Fed’s Lips Are Getting Looser, Says Mike McKee: Macro Matters
The Federal Reserve’s communications have gotten more open — perhaps too open — during the time Michael McKeehas covered the central bank for Bloomberg News…
- FICC Focus
Looking Ahead and Reflecting on Rates, Credit and Currencies: FICC Focus
What might we expect in the New Year for rates, fixed income and currency markets? The FICC Focus team looks ahead to 2024, and reviews some memorable moments…
- FICC Focus
Volatility Wrapped - Key Themes of 2023: All Options Considered
In this edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu gives a brief overview of the key…
- FICC Focus
KKR’s Pietrzak on Private Credit Filling the Void: Credit Crunch
Returns, diversification and the derisking of bank balance sheets are among contributors to the growth in private credit in recent years. KKR Partner and…
- FICC Focus
2023 in Rearview, How Banks See 2024: Masters of the Muniverse
JP Morgan’s Head of Municipal Research and Strategy Peter Degroot, Wells Fargo’s Head of Municipal Markets Strategy Vikram Rai and Barclays’ Head of Municipal…
- FICC Focus
Fed’s Dovish Surprise With BE’s Stuart Paul: Macro Matters
“The last mile on inflation will be difficult, but the Fed is more optimistic that they can thread the needle,” says Stuart Paul, US and Canadian Economist for…
- FICC Focus
Carronade Capital’s Andy Taylor; Purdue at SCOTUS Takeaways: State of Distressed Debt
Noel Hebert, head of Bloomberg Intelligence’s global credit strategy, and Philip Brendel, BI distressed-credit analyst, review the credit markets’ November…
- FICC Focus
2024 Credit Outlook and Private Credit Focus: Credit Crunch
The inflation vs. recession debate is crucial to the 2024 outlook and the path of central bank rate cuts critical for all markets, including credit. The key…
- FICC Focus
Navigating Dollar, Asia FX in Changing Economic World: FX Moment
The latest FX Moment podcast focuses on how evolving macroeconomic narratives could shape the US dollar outlook into 2024, with persistent uncertainties…
- FICC Focus
Don’t Be Naive After a November to Remember in EM Debt: EM Lens
Emerging-market creditors are riding high after another strong November, with returns ranging from 5-6%. In this month’s EM Lens & Look-Through podcast, Cathy…
- FICC Focus
Arcmont’s Cavalier, Brooks on All-Weather Credit: Credit Crunch
Rising volatility, maturity walls and the withdrawal of traditional lenders are driving issuers and investors to capital solutions experts in the private…
- FICC Focus
Tax-Loss Harvesting Comes to Muniland: Masters of the Muniverse
There’s been heightened volatility in rates and tax-loss harvesting may or may not be the best course of action. On this episode of Masters of the Muniverse…
- FICC Focus
Rate Markets Mispricing Early Interest Rate Cuts: Macro Matters
Rate markets are mispricing early interest rate cuts by the Federal Reserve and the European Central Bank, Bloomberg Intelligence interest rate strategists Huw…
- FICC Focus
Brandywine Global's McClain on Risk, Value in High Yield: Credit Crunch
Economic and monetary policy uncertainty have been among the few constants confronting credit markets throughout 2023, generating divergent views around return…
- FICC Focus
Fed More Macro-Relevant Than China, Russia & Israel: EM Lens
Emerging market investors have found the Fed more macro-relevant than China, Russia or Israel in recent weeks, as equities are up, oil is down, spreads have…
- FICC Focus
Rout and Rally: Investing In a 5% World: Credit Crunch
The inflation vs. recession debate and how that will drive a Fed pause vs. pivot dynamics is casting a shadow over all markets, including credit. The key…
- FICC Focus
Revisiting Dollar Price Action as Bears Look to 2024: FX Moment
Our latest FX Moment podcast focuses on changes in US dollar price action and what can be learned when it comes to finalizing 2024 US dollar prospects. Host…
- FICC Focus
Electric Capital's Meyers on Crypto; Hertz Post-Petition Interest Row: State of Distressed Debt
Distressed debt has risen sharply in the past two weeks, with the outlook increasingly uncertain heading into year-end. Global Credit Strategy head Noel…