At Any Rate

U.S. Fixed Income: The outlook for rates in 2H21

In this conversation, J.P. Morgan Research analysts Alex Roever, Jay Barry, Phoebe White, Teresa Ho, and Josh Younger discuss the outlook for rates and related sectors in the second half of 2021.

 

This podcast was recorded on June 29, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3785889-0 for more information; please visitwww.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “The outlook for US rates in 2H21, June 29, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: Demographic Duration Demand in the Long End

In this conversation, J.P. Morgan Research analysts Josh Younger, Jay Barry, Eric Beinstein, and Phoebe White discuss recent trends in demand at the long end of the curve for Treasuries, swaps and corporate bonds.

 

This podcast was recorded on April 21, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3711431-0  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 “Demographic duration demand in the long end, April 21, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

Still Waiting on SLR: The Impact on Banks, Spreads, and Rates

In this conversation, J.P. Morgan Research analysts Alex Roever, Kabir Caprihan, Mike Feroli, Jay Barry, Josh Younger, and Teresa Ho  discuss the upcoming expiration of the carve-out of reserves and Treasuries from the Supplementary Leverage Ratio, and the implications for rates and credit markets under various scenarios.

 

This podcast was recorded on March 12 and 15, 2021.  A portion of this episode is excerpted from a conference call for institutional clients of J.P. Morgan held on March 12, 2021; clients can access a replay of the full call at www.jpmm.com/research/content/CFP-PC-5303-0.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3675636-0 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 “Podcast: Still Waiting on SLR: March 12, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: Overstimulated? The Biden Stimulus and Bond Markets

In this conversation, J.P. Morgan Research analysts Alex Roever, Mike Feroli, Jay Barry, and Teresa Ho discuss the new stimulus bill in Congress and its implication for the economy, bond markets, and the US money markets.

 

This podcast was recorded on March 8, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3671430-0 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 “Overstimulated?  The Biden stimulus and bond markets, March 8, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: How Would Larger Fiscal Stimulus Impact Treasuries and TIPS?

In this conversation, J.P. Morgan Research analysts Jay Barry and Phoebe White discuss how larger projected fiscal stimulus is likely to impact the outlook for Treasury yields, TIPS breakevens, and Treasury issuance trends.

 

This podcast was recorded on February 22, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related reports atwww.jpmm.com/research/content/GPS-3654261-0  and www.jpmm.com/research/content/GPS-3650752-0 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 would larger fiscal stimulus impact Treasuries and TIPS?, February 22, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

U.S. Fixed Income: As Yields Rise, Are We Headed for a Convexity Event?

In this conversation, J.P. Morgan Research analysts Matt Jozoff, Josh Younger and Nick Maciunas discuss the risk that rising rates trigger a mortgage convexity event which could accelerate a sell-off on bonds.

 

This podcast was recorded on February 12, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3647898-0  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 “As yields rise, are we headed for a convexity event?, February 12, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

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.