In our latest FX Moment Podcast, the host, Bloomberg Intelligence (BI) Chief G10 FX Strategist Audrey Childe-Freeman, along with Chief Asia FX and Rates Strategist Stephen Chiu reflect on the 4Q FX Outlook, with the US dollar bullish drivers arguably priced in and the currency looking stretched and overvalued, but a catalyst for a turnaround has yet to be identified. Our FX Strategists also touch on the theme of FX interventions, which may become more frequent in some cases, but when unilateral ...
Oct 07, 2022•21 min
Global Credit Strategy head Noel Hebert and BI distressed credit analyst Philip Brendel discuss September’s rise in distressed supply amid a dearth of risk appetite. Included is an in-depth feature interview with Todd Lemkin, Chief Investment Officer of Canyon Partners (6:15). BI bankruptcy litigation analyst Negisa Balluku and Bloomberg distressed debt reporter Eliza Ronalds-Hannon join the panel to share thoughts on Endo International, Celsius Network, Voyager Digital, Cineworld, Bed, Bath &am...
Oct 06, 2022•1 hr 37 min
Amanda Albright and Eric Kazatsky are joined by Henry Cisneros, Chairman of American Triple I Partners, to talk about US infrastructure and why Cisneros sees a 'golden' era ahead.
Oct 03, 2022•46 min
In this special UK edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by BE's Chief European Economist, Jamie Rush. They discuss the market turmoil and economic outlook in the aftermath of the UK mini-budget.
Sep 30, 2022•12 min
In our sixth FX Moment Podcast, the host, Bloomberg Intelligence (BI) Chief G10 FX Strategist Audrey Childe-Freeman, along with Chief Asia FX and Rates Strategist Stephen Chiu reflect on the topic of currency crisis and whether this applies to the current FX market environment. Our FX Strategists touch on the increasingly debated sterling crisis theme and look back into past currency crisis situations for more insights on the current context.
Sep 29, 2022•12 min
In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Mr. Caesar Maasry, Managing Director & Head of EM Cross-Asset Research at Goldman Sachs. Maasry shares his outlook for emerging market currencies, as relentless dollar strength is fueling comparisons to the early 1980s when coordinated central bank intervention was required to stem the pain.
Sep 28, 2022•20 min
Eric Kazatsky and Amanda Albright are joined by Senior Bloomberg Intelligence ETF analyst, Eric Balchunas to discuss the rise of municipal ETFs, current pricing wars and predictions for the Philadelphia Eagles 2022-23 season.
Sep 23, 2022•50 min
“The drivers of secular stagnation were... Technology, demographics, and globalization... They may have changed a little bit, but not that much,” Krishna Memani, Chief Investment Officer of the Lafayette College Endowment tells Bloomberg Intelligence, noting his view that secular stagnation will return. In this Macro Matters edition of the FICC Focus Podcast, Memani joins BI Chief US Interest Rate Strategist Ira Jersey to discuss the differences between being a sell side analyst, mutual fund man...
Sep 22, 2022•28 min
In this third edition of All Options Considered, Bloomberg radio host Caroline Hepker is joined by BI's Chief Global Derivatives Strategist Tanvir Sandhu and Partner at Dominice, Pierre de Saab, to discuss the latest developments in the volatility landscape.
Sep 16, 2022•33 min
It’s been a surprisingly calm summer for credit, but a rocky fall may be on tap, according to Bloomberg Intelligence. In this State of Distressed Debt edition, Global Credit Strategy head Noel Hebert and distressed credit analyst Philip Brendel discuss what credit looked like in the summer and what could potentially happen in the fall. They are joined by Trey Parker, Sycamore Tree Capital Partners Co-founder & Chief Investment Officer, for an in-depth feature interview. (6:42) BI bankruptcy ...
Sep 14, 2022•1 hr 19 min
Rising rates and recessionary fears are growing, yet credit across continents and sectors may be well positioned for additional supply and demand headwinds. Analysis by Bloomberg Intelligence suggests strong credit profiles, access to low cost capital and considerable financial flexibility are supportive of reduced volatility for Walmart, Home Depot, Maersk, CMA CGM, DBS Group and Oversea-Chinese Banking, even as global recessionary risks rise.
Sep 13, 2022•28 min
High mortgage rates are have a negative effect on Agency mortgage-back securities performance relative to Treasuries, and the Fed's quantitative tightening may make it worse due to changes in sector allocations in the Bloomberg Aggregate Bond Index. In this Macro Matters edition of the FICC Focus Podcast, BI Chief US Interest Rate Strategist Ira Jersey is joined by Chief Agency Mortgage Strategist Erica Adelberg and BI North American Rates Strategist Angelo Manolotos who discuss the mortgage mar...
Sep 08, 2022•26 min
FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities and currencies by Bloomberg Intelligence analysts. In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Dr. Win Thin, Senior Vice President & Global Head of Market Strategy for Brown Brothers Harriman. Thin shares his outlook for emerging market currencies, as the stronger greenback is suppressing non-dollar a...
Sep 02, 2022•22 min
Political partisanship in Congress will remain wide, which could cause government shutdowns and another debt-ceiling crisis in late 2023, according to Bloomberg Intelligence. In this Macro Matters edition of the FICC Focus Podcast, BI Chief US Interest Rate Strategist Ira Jersey is joined by BI Government Analyst Nathan Dean as the two discuss the upcoming midterm congressional elections, the federal budget continuing resolution and how political partisanship could affect markets. Dean also talk...
Aug 25, 2022•28 min
In our fifth FX Moment edition, the host, Bloomberg Intelligence (BI) Chief G10 FX Strategist Audrey Childe-Freeman discusses China's current cyclical conundrum, the PBOC outlook and currency implications with Chief Asia FX and Rates Strategist Stephen Chiu. While the weakening Chinese growth dynamics leave the yuan exposed near-term, it does not alter Stephen's more constructive long-term outlook for the Chinese currency.
Aug 19, 2022•15 min
A 2H recovery may not be the rising tide that lifts all boats as recession, inflation and remaining Covid-19-lockdown risks disproportionately have a negative impact across pockets of health care providers, Macau gaming operations and European consumer and beverage debt issuers. Our global Bloomberg Intelligence team’s analysis suggests competitive pressures may further push Weight Watchers spreads wider, while inflation affects margins for Carrefour and Tesco, and Macau’s casino recovery remain...
Aug 16, 2022•30 min
The financial services industry has been challenged for years with firms having to navigate the global pandemic and remote work, all while dealing with legacy battles such as fee compression, customer retention and talent recruitment. To that last point, starting a new role during the pandemic is a difficult task for some. Starting a new role as CEO is even more challenging. On this month's Masters of the Muniverse, Eric Kazatsky and co-host Amanda Albright are joined by the new Chief Executive ...
Aug 15, 2022•38 min
If the market prices out Federal Reserve interest rate cuts in 2023, Bloomberg Intelligence’s Chief US Interest Rate Strategist Ira Jersey thinks that could be enough for the Treasury yield curve to invert more than it has in 40 years. In this Macro Matters edition of the FICC Focus Podcast, host Jersey is joined by Angelo Manolatos, BI US and Canadian Rates Strategist. Manolatos reviews some details of the consumer price report, including how sticker, lower volatility sectors continue to contri...
Aug 11, 2022•19 min
Global Credit Strategy head Noel Hebert discusses with BI distressed credit analyst Philip Brendel the first up month for distressed in 2022. Bloomberg distressed debt reporter Eliza Ronalds-Hannon joins the call to present the interview she and Brendel conducted with Bill Derrough, Moelis & Company's Global Co-Head of the Capital Structure Advisory (6:07). BI bankruptcy litigation analyst Negisa Balluku joins the panel to share her thoughts on Revlon as well as 3M's and Johnson & Johnso...
Aug 04, 2022•1 hr 27 min
If Bloomberg Economics is right at the Federal Reserve hikes to 5%, the two-year Treasury yield should be near 4% and the Treasury yield curve would be more inverted, notes Bloomberg Intelligence. In this Macro Matters edition of the FICC Focus Podcast, host and BI Chief US Interest Rate Strategist Ira Jersey is joined by Anna Wong, Chief US Economist for Bloomberg Economics and Angelo Manolatos, BI US and Canadian Rates Strategist. Wong discusses why she thinks the Federal Reserve wasn’t as dov...
Jul 28, 2022•21 min
In this second edition of All Options Considered, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Bloomberg radio host Caroline Hepker and Co-Head of Derivatives Strategy at Susquehanna International Group, Chris Murphy, to discuss the latest developments in the volatility landscape of the bond market to S&P 500 and Bitcoin.
Jul 27, 2022•34 min
In this Credit Chat edition, Joel Levington, Global Head of Credit Research, Daniel Fan, Senior China Real Estate Analyst and Pri De Silva, Senior Asia Financial Institutions Analyst join Robert Schiffman to share their views on downgrade recession risk for US industrials, the impact of potential “boycotts” on China property value and limited financial risk for the Chinese banking system. A slowdown in growth is unlikely to affect China’s banking system, avoiding a 2008-like crisis, yet the coun...
Jul 26, 2022•28 min
In this edition of Masters of the Muniverse Eric Kazatsky and Amanda Albright are joined by New York State Comptroller, Thomas Dinapoli. We cover such topics as the recovery of the State and New York City from the worst of the pandemic, tackling pension returns in a volatile environment, challenges ahead for State finances and the debate over best baseball teams.
Jul 21, 2022•51 min
In our fourth FX Moment edition, host and BI Chief G10 FX Strategist Audrey Childe-Freeman and BI Chief Asia FX and Rates Strategist Stephen Chiu reflect on the topic of FX valuation, with particular interest on whether the U.S. Dollar may be overvalued. Our FX Strategists look into their updated BEER, fair value model and assess whether the dollar may be overvalued vs its G10 peers.
Jul 18, 2022•13 min
The yield curves in the US and Canadian dollar could invert more than any cycle since the early 1980s and the German government curve might not invert at all, according to Bloomberg Intelligence Strategists. In this Macro Matters edition, host and BI Chief US Interest Rate Strategist Ira Jersey is joined by Huw Worthington, BI Chief European Rates Strategist and Angelo Manolatos, BI US and Canadian Rates Strategist to talk about current inflation, the central bank and the differences and similar...
Jul 15, 2022•30 min
In this Global Fixed Income Return Forecast edition, host and BI Chief U.S. Interest Rate Strategist Ira Jersey is joined by BI EM Strategist Damian Sassower and Bloomberg ESG Index head Chris Hackel. Sassower and Jersey discuss the BI FICC Strategy team’s return forecasts for the next year, which appear in their note Don't Sleep on 60-40 as Fixed Income Return Forecasts Rebound. The research includes various potential portfolio allocations based on maximizing returns, sharpe ratios and other fa...
Jul 13, 2022•23 min
In this month's EM Lens & Look-Through podcast, host and BI Chief EM Fixed Income Strategist Damian Sassower is joined by Cate Ambrose, Chief Executive Officer of the Global Private Capital Association. Ambrose shares her outlook for EM private equity, with a focus on the sectors, countries and opportunities capturing interest from institutional investors across the globe.
Jul 08, 2022•24 min
In this State of Distressed Debt edition, BI distressed credit analyst Philip Brendel, and Global Credit Strategy head Noel Hebert discuss the ongoing surge in distressed debt and how long it may last; Marathon Asset Management's Bruce Richards shares his distressed market views with Bloomberg News distressed debt reporter Eliza Ronalds-Hannon (6:30); Phil, Noel, and Eliza are then joined by BI bankruptcy litigation analyst Negisa Balluku, who details material risks to Citibank's potential bankr...
Jul 07, 2022•1 hr 1 min
SPECIAL EPISODE | After nearly four decades of dormant inflation, EM economies must now contend with rising price pressures and the possibility that they may take longer to dissipate than initially anticipated. What is the impact of higher interest rates on market structure and liquidity? Is a more persistent inflationary impulse causing creditors to adjust their investment timelines? Join industry experts from Pimco, Lazard, Cerberus, Itau and Swiss Re as we explore the key trends that are resh...
Jul 01, 2022•1 hr 4 min
SPECIAL EPISODE | Risk of a U.S. recession is growing more likely, with the potential to impact valuations across EM asset classes. As Fed tightening, China lock-downs and the war in Ukraine collide, who is best positioned and why? How has the risk of contagion evolved across EM and how do you expect policy makers to respond? Join industry leaders from Goldman Sachs, J.P. Morgan, Citigroup, Bank of America and Brown Brothers Harriman as we explore the key trends that are reshaping the global inv...
Jul 01, 2022•1 hr 4 min
