At Any Rate

Peter DeGroot is joined by Alex Roever to discuss our updated US rates strategy view. Ye Tian and Sabrina Spatz also join to discuss the worst muni 1Q performance on record, as well as muni sectors including airports and state and local governments.

 

Speakers:

Peter DeGroot, Head of Municipal Research & Strategy

Alex Roever, Head of US Rates Strategy

Ye Tian, Municipal Research & Strategy

Sabrina Spatz, Municipal Research & Strategy

 

This podcast was recorded on April 5, 2022.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Jonny Goulden and Saad Siddiqui discuss the recent market weakness in EM currencies and their relationship to CNY, commodities and the broader dollar.

This podcast was recorded on April 28, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4075554-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Luis Oganes, Jessica Murray and Lydia Harvey discuss our second survey of dedicated EM investors that focused on how climate is incorporated into EM sovereign ESG strategies. Survey results reveal that human induced climate change is one of the top three ESG related concerns of EM fixed income investors, who communicated that generating positive real-world climate impact was an important consideration in their ESG strategies, particularly as EM economies face significant transition and physical climate risks.

 

This podcast was recorded on 26/04/22.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4061324-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

The May FOMC meeting is fast approaching.   Markets have priced in a 50bp hike to the Fed funds rate, and nearly 200bp more for the balance of 2022.   US Rates strategist Alex Roever is joined by Economist Mike Feroli and Government strategists Jay Barry and Phoebe White to discuss rates, yield curves and inflation.

This podcast was recorded on April 25, 2022.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Natasha Kaneva is joined by Shikha Chaturvedi to discuss why the recent rise in US natural gas price has resulted in little change in the supply and demand balance at the current time. With US natural gas price now above $7/MMBtu and an end-October storage trajectory of 3.4 Tcf, traditional levers of supply increase and demand destruction that would manifest at this price level have been missing. This is particularly true in terms of demand destruction as the US coal balance now appears tighter than the US natural gas balance.

Speakers

Natasha Kaneva, Head of Global Oil and Commodities Research

Shikha Chaturvedi, Head of Global Gas Research

 

This podcast was recorded on April 22, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4068518-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Natasha Kaneva is joined by Greg Shearer to discuss the latest news across base and precious metals.  European smelter curtailments and dwindling available LME inventories of zinc has sparked supply security fears in yet another industrial metal.  How concerned should industrial consumers be?  Moreover, the pair discuss the impact of the LPPM’s suspension of Russia’s two PGM refineries and whether or not gold will ever trade on real-yield fundamentals again.

 

Speakers

Natasha Kaneva, Head of Global Oil and Commodities Research

Gregory Shearer, Head of Metals Research

 

This podcast was recorded on April 14. 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4057950-0, https://www.jpmm.com/research/content/GPS-4061524-0, https://www.jpmm.com/research/content/GPS-4060660-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Natasha Kaneva is joined by Shikha Chaturvedi and Ted Hall to discuss the latest critical announcements in the energy sector. On the one hand, European intentions are in place to diversify nearly 80% of Russian oil and gas imports, while the EU ban on coal offers a new twist to the Russian energy saga as coal remains a vital balancing mechanism for the European energy system. On the other hand, the IEA further SPR releases ease short term balance but looking forward, global producers will likely need to ramp up investment to fill the Russia-sized supply gap and restock IEA strategic reserves.

 

Speakers

Natasha Kaneva, Head of Global Oil and Commodities Research

Shikha Chaturvedi, Head of Global Gas Research

Ted Hall, Vice President of Global Oil Research

 

This podcast was recorded on April 8, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4047856-0, https://www.jpmm.com/research/content/GPS-4054322-0, https://www.jpmm.com/research/content/GPS-4055747-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Tracey Allen discusses the unprecedented supply side uncertainty across global grain markets that continues to fuel heightened volatility and to weigh on liquidity across exchanges. On the consumption side, the durability of grain and oilseed demand at current elevated price levels is being questioned, not least with rising COVID lockdowns across China; however, historical elasticity relationships suggest there is limited room for destruction of wheat demand.

 

This podcast was recorded on 31 March 2022.

This communication is provided for information purposes only. Institutional clients can view the related reports at

https://www.jpmm.com/research/content/GPS-4046356-0 
https://www.jpmm.com/research/content/GPS-4040956-0 
https://www.jpmm.com/research/content/GPS-4036864-0 
https://www.jpmm.com/research/content/GPS-4029378-0

 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Jonny Goulden and Saad Siddiqui discuss the implications for EM fixed income markets of the US yield curve inverting and what this means for EM’s cyclical investment environment.

This podcast was recorded on March 31, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4049035-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Meera Chandan and Ben Shatil from FX strategy discuss recent drivers of USD/JPY and make the case for a still-bullish stance in the pair. The overall outlook for FX markets is also discussed, with the main themes being higher US yields, softer euro bloc growth and higher commodity prices.

 

This podcast was recorded on 30th March 2022

This podcast was recorded on date.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4043674-0 and www.jpmm.com/research/content/GPS-4047356-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.