At Any Rate

U.S. Fixed Income: How Important Are Bank-Level SLR Carve-Outs to Swap Spreads?

In this conversation, J.P. Morgan Research analysts Alex Roever and Josh Younger discuss leverage constraints, the interaction between Holding Companies and their bank subsidiaries, and the implications for swap spreads.

 

This podcast was recorded on February 5, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3636518-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “How important are bank-level SLR carve-outs to swap spreads?: February 5, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: Making Sense of the February Refunding

In this conversation, J.P. Morgan Research analysts Jay Barry, Teresa Ho and Phoebe White discuss everything we learned from Treasury’s quarterly refunding announcement, and the implications for Treasuries and the money markets.

 

This podcast was recorded on February 3, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related reports at www.jpmm.com/research/content/GPS-3635246-0  andwww.jpmm.com/research/content/GPS-3630182-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Making sense of the February refunding, February 3, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: The Coming Expiry of SLR Carve-Outs

In this conversation, J.P. Morgan Research analysts Alex Roever and Josh Younger discuss the implications for Treasury markets of the Supplementary Leverage Ratio and the pending sunset of temporary regulatory relief.

 

This podcast was recorded on January 15, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3613354-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “The coming expiry of SLR carve-outs, January 15, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

 

U.S. Fixed Income: Georgia Elections and the Outlook for Rates Markets

In this conversation, J.P. Morgan Research analysts Jay Barry and Phoebe White discuss the implications of the recent Georgia runoff Senate elections on rates markets and our forecasts.

 

This podcast was recorded on January 11, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3607432-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Georgia elections and the outlook for rates markets, January 11, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

Preparing for the Big Bang transition to SOFR discounting

In this conversation, J.P. Morgan Research analysts Josh Younger and Henry St John discuss the upcoming Big Bang transition to SOFR discounting for cleared swaps, with a focus on key developments this week, as well as an overview of some of the mechanics involved with the transition process.

 

This podcast was recorded on September 15, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at https://www.jpmm.com/research/content/GPS-3494132-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Preparing for the Big Bang transition to SOFR discounting: 15 September 2020.” © 2020 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: Have Fed Bond Purchases Gone Too Far?

In this conversation, J.P. Morgan Research analysts Matt Jozoff, Alex Roever, and Jay Barry discuss the Fed’s balance sheet and securities holdings, and evaluate the case for tapering the pace of securities purchases.

 

This podcast was recorded on September 8, 2020.

This communication is provided for information purposes only.  Institutional clients can view related material at www.jpmm.com/#research.rates.us for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Have Fed bond purchases gone too far?: September 8, 2020.” © 2020 JPMorgan Chase & Co. All rights reserved.

Volatility Risk and the U.S. Presidential Election: A Cross-Asset Perspective

In this conversation, J.P. Morgan Research analysts Josh Younger, Henry St John, Khagendra Gupta, Ladislav Jankovic, Bram Kaplan, and Pavan Talreja provide a global cross-asset perspective on volatility risk and the upcoming U.S. presidential election.

 

This podcast was recorded on September 2, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at www.jpmm.com/research/content/GPS-3482158-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “A cross asset perspective on volatility risk and the U.S. Presidential Election: 2 September 2020.” © 2020 JPMorgan Chase & Co. All rights reserved.

 

U.S. Fixed Income: Reviewing Treasury's Quarterly Refunding Announcement

In this conversation, J.P. Morgan Research analysts Jay Barry and Phoebe White discuss Treasury's August refunding announcement and the outlook for Treasury issuance going forward.

 

This podcast was recorded on August 5, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at www.jpmm.com/research/content/GPS-3454904-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “7-10 split: August refunding review.” © 2020 JPMorgan Chase & Co. All rights reserved.

Core CPI Moves Past Its Weak Streak

In this conversation, J.P. Morgan Research analysts Phoebe White and Dan Silver discuss the June CPI report released this week, their outlook for US inflation over the medium term, and implications for various inflation hedging strategies.

 

This podcast was recorded on July 14, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at www.jpmm.com/research/content/GPS-3428163-0 0  andwww.jpmm.com/research/content/GPS-3425399-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Core CPI moves past its weak streak.” © 2020 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: Outlook for U.S. Treasuries

In this conversation, J.P. Morgan Research analysts Alex Roever and Jay Barry discuss the outlook for U.S. Treasury markets in the second half of 2020.

  

This podcast was recorded on June 23, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at www.jpmm.com/research/content/GPS-3407235-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Outlook for US Treasuries, 2H20.” © 2020 JPMorgan Chase & Co. All rights reserved.