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

The US dollar is the official currency of the United States of America.

<ul><li>SLR reform is a high priority for US banking regulators, with potential changes to how Treasuries are calculated</li><li>The timeline for SLR reform is still in the early stages, with regulatory processes and personnel confirmations needing to be completed first</li><li>Potential scenarios for SLR reform include carving out reserves and dealer holdings of Treasuries from the SLR denominator to address liquidity and market functioning concerns</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

SLR reform is a high priority for US banking regulators, with potential changes to how Treasuries are calculatedThe timeline for SLR reform is still in the early stages, with regulatory processes and personnel confirmations needing to be completed firstPotential scenarios for SLR reform include carving out reserves and dealer holdings of Treasuries from the SLR denominator to address liquidity and market functioning concernsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: SLR reform: Helpful, but not a panacea

Macroeconomics

<ul>
<li>US and China have seen reduction in tariffs, with US tariffs on China now around 41%</li>
<li>The macro impact of this reduction includes potential growth for the full year and quarterly profile</li>
<li>Fiscal stimulus and monetary easing may need to be adjusted based on the current tariff situation</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


US and China have seen reduction in tariffs, with US tariffs on China now around 41%
The macro impact of this reduction includes potential growth for the full year and quarterly profile
Fiscal stimulus and monetary easing may need to be adjusted based on the current tariff situation

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

Fixed Income: The US-China Détente: Implications for Asia

<ul><li>Fed's focus on keeping inflation expectations well anchored, stable rates markets after meeting</li><li>Market optimism over potential trade deals with UK and China, potential tariff rate reduction</li><li>Forecast for US Rates largely unchanged, expect labor market weakness prompt Fed response, adjusted yield forecasts reflecting later start to easing and elevated uncertainty</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Fed's focus on keeping inflation expectations well anchored, stable rates markets after meetingMarket optimism over potential trade deals with UK and China, potential tariff rate reductionForecast for US Rates largely unchanged, expect labor market weakness prompt Fed response, adjusted yield forecasts reflecting later start to easing and elevated uncertaintyThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Chinese renminbi (yuan) is the official currency of The People's Republic of China. 

<ul><li>Initial bearish outlook on Asian effects due to President Trump's tariff storm</li><li>Unexpected multi sigma moves in Asian currencies, sparking speculation of currency accord</li><li>Uncertainty surrounding flow types, behavior of Asian exporters, and Asian central banks, with key questions hanging over China's influence on Asian FX appreciation</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Initial bearish outlook on Asian effects due to President Trump's tariff stormUnexpected multi sigma moves in Asian currencies, sparking speculation of currency accordUncertainty surrounding flow types, behavior of Asian exporters, and Asian central banks, with key questions hanging over China's influence on Asian FX appreciationThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Historic trade deals and take-aways for currencies

Commodities

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

<ul><li>Concerns raised in D.C. about potential restrictions on expatriating funds, taxes, and foreign ownership of treasuries</li><li>International investors expressing preference for investing in private assets over U.S. Treasuries</li><li>Potential increase in gold prices due to redirection of foreign assets into gold, with estimates suggesting a 33% boost in quarterly gold demand and historical relationship between demand and prices.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Concerns raised in D.C. about potential restrictions on expatriating funds, taxes, and foreign ownership of treasuriesInternational investors expressing preference for investing in private assets over U.S. TreasuriesPotential increase in gold prices due to redirection of foreign assets into gold, with estimates suggesting a 33% boost in quarterly gold demand and historical relationship between demand and prices.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Hypothetically, of course. Redirecting just 0.5% of foreign US asset holdings...

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

Global Rates: SLR reform: Helpful, but not a panacea

Overall, the discussion revolves around the potential impact of SLR reforms on banks and dealers, focusing on various scenarios and considerations...

At Any Rate

Fixed Income: The US-China Détente: Implications for Asia

The potential U.S. recession has impacted smaller open economies reliant on exports, but recent positive news and tariff reduction measures are...

At Any Rate

US Rates – Deal or no deal?

The Fed's focus on controlling inflation expectations was overshadowed by market reaction to Trump's trade deal announcement with the UK, optimism...

At Any Rate

Global FX: Historic trade deals and take-aways for currencies

Overall, there is uncertainty and speculation surrounding the future of Asian currencies in light of President Trump's tariffs and unexpected large...

At Any Rate

Global Commodities: Hypothetically, of course. Redirecting just 0.5% of foreign US asset holdings...

Summary: Questions about potential restrictions on expatriating funds, taxes, and foreign ownership of U.S. treasuries have sparked a preference...

At Any Rate