Jonny Goulden and Saad Siddiqui discuss the latest market developments and their impacts for the EM fixed income asset class. This podcast was recorded on 03 May 2024. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models ..read more

Srini Ramaswamy and Ipek Ozil take a deeper dive into swap spreads in the US markets and how that connects to a kind of term premium. Speakers: Srini Ramaswamy, Managing Director and Co-Head of US Rates Strategy  Ipek Ozil, Executive Director, U.S. Fixed Income Derivatives Research This podcast was recorded on 2 May 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4684943-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2 ..read more

Speakers Tracey Allen, Head of Global Commodities Research  Gbolahan S Taiwo, EM, Economic and Policy Research   This podcast was recorded on 2 May 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4687740-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Mor ..read more

Speaker:   Gregory Shearer, Head of Base and Precious Metals Research Last week, we attended Cesco Week, one of the leading copper events globally, which brings together the most important producers & consumers and industry leaders each year in Santiago, Chile. We encountered nearly universal bullishness on copper prices over the medium-term, though near-term, there was still a sense that the current copper rally may be running ahead of still slack refined market fundamentals which could take some further time to tighten over the coming quarters. Despite the potential for near-term vo ..read more

Speakers:   Stephen Dulake, Global Head of Spreads Product Research Samantha Azzarello, Head of Content Strategy   Stephen Dulake, Global Head of Spreads Product Research, and Samantha Azzarello, Head of Content Strategy, are joined by Daniel Lamy, Head of European Credit Strategy Research and Nelson Jantzen, from High Yield, Leveraged Loans and Distressed Leverage Credit Research to unpack the latest themes in global credit markets.   This podcast was recorded on 23 April 2024. This communication is provided for information purposes only. Institutional clients can view the rel ..read more

Rates strategists Jay Barry and Teresa Ho discuss the strength of this tax season and what that tells us about the TGA, the debt ceiling, QT, and the lowest comfortable level of reserves. Speakers Jay Barry, co-head US Rates Strategy  Teresa Ho, Head of US Short Duration Strategy This podcast was recorded on April 19, 2024.  This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4678572-0 and https://www.jpmm.com/research/content/GPS-4678829-0, for more information; please visit www ..read more

Meera Chandan, Arindam Sandilya and James Nelligan outline our constructive USD view and the implications of the joint statement from Japan/ Korea/ the US this week.   Speakers Meera Chandan, Global FX Strategy Arindam Sandilya, Global FX Strategy James Nelligan, Global FX Strategy   This podcast was recorded on 19 April 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4676229 -0  for more information; please visit www.jpmm.com/research/disclosures for important disc ..read more

Oil shrugged this week’s escalation in geopolitical tensions in the Middle East. To some extent, this could be explained by the fact that some of the geopolitical risk premium was already priced in. Since last October we have viewed market reaction to political events in the region to be excessive for two reasons. First, main players in the Middle East have strong incentives to keep the conflict contained given the economic transformation currently planned and implemented in the Gulf region requires sustained absence of conflict. Second, the closure of Hormuz is a low-risk event as Iran will b ..read more

With timing being the key behind our bullish regional Henry Hub story, the reversal of a preliminary junction granted to Energy Transfer a year ago may provide relief for future LNG demand. Meanwhile, the USDA’s April WASDE was neutral-to-bearish relative to average trade expectations, leaving unanswered questions for South American corn and soybean production, after yet another month of local write-downs.   Speakers Shikha Chaturvedi, Head of Global Natural Gas Research Tracey Allen, Head of Agricultural Commodities Research    This podcast was recorded on April 12, 2024. This ..read more

A hot CPI print following the recent strong jobs print has put ‘high for long’ back in focus, challenging the soft landing narrative. We discuss with Phoebe what these ‘bumps in the road’ mean our views on TIPS, breakevens, and duration generally. As for Gold, Greg dissects the reasons for the recent rally and reviews whether the rate cutting cycle is going to be as bullish for Gold as it was historically.   Speakers: Phoebe White, Head of Inflation Strategy Thomas Salopek, Head of Cross Asset Strategy Gregory Shearer, Head of Metals Research   This podcast was recorded on April 11 ..read more