Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul><li>Betting market data shows odds of Dems winning both chambers of Congress in midterms have risen sharply since war began</li><li>Equity markets and credit markets have retraced peak to trough sell offs over past month, commodities and rates lagging behind</li><li>Bullish dollar view during conflict was more tactical, underwhelming reaction to ceasefire announcement compared to expectations</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Betting market data shows odds of Dems winning both chambers of Congress in midterms have risen sharply since war beganEquity markets and credit markets have retraced peak to trough sell offs over past month, commodities and rates lagging behindBullish dollar view during conflict was more tactical, underwhelming reaction to ceasefire announcement compared to expectationsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>European and UK Two year Treasury yields broke range, money markets pricing Fed on hold through December with one 25 basis point cut over next year</li><li>US Yields less sensitive to changes in oil prices due to energy exports and dual mandate on labor markets and inflation</li><li>Factors contributing to US market movement include residual concerns over labor market, Fed turnover, inflation data, liquidity component, and structural better liquidity</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

European and UK Two year Treasury yields broke range, money markets pricing Fed on hold through December with one 25 basis point cut over next yearUS Yields less sensitive to changes in oil prices due to energy exports and dual mandate on labor markets and inflationFactors contributing to US market movement include residual concerns over labor market, Fed turnover, inflation data, liquidity component, and structural better liquidityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: Where next for CB and rates as the Middle-East conflict persists?

<ul>
<li>Importers like the Euro bloc and Asia are most impacted by current economic challenges, while exporters like the US, Australia, and Canada are benefiting from terms of trade boosts.</li>
<li>FX markets are heavily influenced by the energy price story, leading to a shift in views towards a more bullish outlook on the dollar.</li>
<li>The upcoming ECB meeting is expected to have a significant impact on the Euro, with potential hikes seen as growth negative and not necessarily supportive of the currency.</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Importers like the Euro bloc and Asia are most impacted by current economic challenges, while exporters like the US, Australia, and Canada are benefiting from terms of trade boosts.
FX markets are heavily influenced by the energy price story, leading to a shift in views towards a more bullish outlook on the dollar.
The upcoming ECB meeting is expected to have a significant impact on the Euro, with potential hikes seen as growth negative and not necessarily supportive of the currency.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Winds of change for the dollar

Understand How Markets Actually Work, Learning.Investing.Thriving.

Marc Rudajev

Understand How Markets Actually Work

Learning.Investing.Thriving.

Learning.Investing.Thriving. is built on a simple idea: If you want to build wealth, you need more than stock tips. You need to understand how markets actually work.

Thematic (Sector/Industry)

<ul><li>A guy named Shagun laid out a plan. The 30-year Treasury yields 5.31%.</li><li>Sell the house. Put the entire $800,000 into Treasuries. Collect $42,480 a year in interest. Use that to pay rent.</li><li>His conclusion: suddenly renting doesn’t sound so stupid. As someone who often struggles with the tradeoff between owning real estate or simply renting, this post peaked my interest.</li></ul>

A guy named Shagun laid out a plan. The 30-year Treasury yields 5.31%.Sell the house. Put the entire $800,000 into Treasuries. Collect $42,480 a year in interest. Use that to pay rent.His conclusion: suddenly renting doesn’t sound so stupid. As someone who often struggles with the tradeoff between owning real estate or simply renting, this post peaked my interest.

Episode 50: The Inflation Problem & How to Fight It (2 Investments For Your Portfolio)

Macro, FX and Rates Strategist

Ishaan Dev Kapoor

Macroeconomics

<ul>
<li>Three Treasury interventions in three weeks, EUR/JPY sales, FIMA request, doubled buybacks, read as term premium suppression. The Treasury put looks to have a higher strike than the Fed put.</li>
<li>Rising term premium squeezes the Treasury twice: it inflates the interest bill, and it threatens equities, the one asset class keeping US financial conditions loose. Debt management becomes financial stability.</li>
<li>Japan's bill buffer is spent. The next yen defence sells coupons into the long end or borrows through FIMA. By 16 September the cap has moved or it hasn't.</li>
</ul>


Three Treasury interventions in three weeks, EUR/JPY sales, FIMA request, doubled buybacks, read as term premium suppression. The Treasury put looks to have a higher strike than the Fed put.
Rising term premium squeezes the Treasury twice: it inflates the interest bill, and it threatens equities, the one asset class keeping US financial conditions loose. Debt management becomes financial stability.
Japan's bill buffer is spent. The next yen defence sells coupons into the long end or borrows through FIMA. By 16 September the cap has moved or it hasn't.


The Treasury Put, Financial Stability and the Road to Fiscal Dominance

United States

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

EURO/US DOLLAR (EURUSD CURNCY)

Global FX: The beginning of the end?

Increased odds of Democrats winning both chambers of Congress since war began, US political incentives may affect administration's focus post...

At Any Rate

Global Rates: Where next for CB and rates as the Middle-East conflict persists?

European and UK Treasury yields have broken their range, markets are pricing the Fed to stay on hold with only one rate cut over the next year, US...

At Any Rate

Global FX: Winds of change for the dollar

The global economy is facing challenges with multiple factors affecting importers in the euro bloc and Asia, while exporters like the US,...

At Any Rate

Episode 50: The Inflation Problem & How to Fight It (2 Investments For Your Portfolio)

A guy named Shagun laid out a plan. The 30-year Treasury yields 5.31%. Sell the house. Put the entire $800,000 into Treasuries. Collect $42,480...

Marc Rudajev

The Treasury Put, Financial Stability and the Road to Fiscal Dominance

The US Treasury keeps feeding the fiscal dominance trade. We read three interventions in three weeks as term premium suppression, trace the...

Ishaan Dev Kapoor

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)