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.

Cross Asset Strategy

<ul><li>US presidential inauguration and policy changes are creating volatility in emerging markets and impacting fixed income assets</li><li>Emerging market currencies are facing challenges due to dollar strength and positioning, making it difficult to predict their movements</li><li>EM credit spreads have been performing well, but there are concerns about upcoming event risks and the impact of US policy changes on EM fundamentals</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

US presidential inauguration and policy changes are creating volatility in emerging markets and impacting fixed income assetsEmerging market currencies are facing challenges due to dollar strength and positioning, making it difficult to predict their movementsEM credit spreads have been performing well, but there are concerns about upcoming event risks and the impact of US policy changes on EM fundamentalsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Commodities

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

<ul><li>China implementing stimulus measures to boost growth</li><li>Cold weather leading to increased demand for heating fuel oil</li><li>Global oil inventories at record lows, with improving sentiment on China leading to potential increase in domestic demand.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

China implementing stimulus measures to boost growthCold weather leading to increased demand for heating fuel oilGlobal oil inventories at record lows, with improving sentiment on China leading to potential increase in domestic demand.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

FX & Rates

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

<ul><li>Repo markets over year end were more subdued than expected, with balances reaching $473 billion in the afternoon on December 31st.</li><li>The Fed's balance sheet runoff, or QT, is expected to end by the first quarter of the year, with reserves holding above $3 trillion for most of last year.</li><li>Potential delays in ending QT could be influenced by the resolution of the debt ceiling and the desired amount of reserves banks want to hold.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Repo markets over year end were more subdued than expected, with balances reaching $473 billion in the afternoon on December 31st.The Fed's balance sheet runoff, or QT, is expected to end by the first quarter of the year, with reserves holding above $3 trillion for most of last year.Potential delays in ending QT could be influenced by the resolution of the debt ceiling and the desired amount of reserves banks want to hold.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

US Rates: An uneventful year-end for repo

<ul>
<li>Resilience is showing up in survey data, impacting yields and strategies in Oregon and beyond</li>
<li>Rising term premium and fiscal spending expectations affecting markets, especially the dollar</li>
<li>Sterling facing challenges with lower quality carry, fiscal issues, and potential growth slowdown, while Dollar remains bullish with strong US employment report and Fed outlook</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Resilience is showing up in survey data, impacting yields and strategies in Oregon and beyond
Rising term premium and fiscal spending expectations affecting markets, especially the dollar
Sterling facing challenges with lower quality carry, fiscal issues, and potential growth slowdown, while Dollar remains bullish with strong US employment report and Fed outlook

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

<ul><li>Market conditions have shifted with increased rates against reduced liquidity, leading to recent sell-offs.</li><li>Despite market noise and uncertainty, the outlook remains constructive on intra-EMU spreads and Euro Area government bond supply for 2025.</li><li>The UK market has seen significant sell-offs in 10-year gilt yields, influenced by fiscal policies and US market dynamics, with expectations of further easing by the Bank of England.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market conditions have shifted with increased rates against reduced liquidity, leading to recent sell-offs.Despite market noise and uncertainty, the outlook remains constructive on intra-EMU spreads and Euro Area government bond supply for 2025.The UK market has seen significant sell-offs in 10-year gilt yields, influenced by fiscal policies and US market dynamics, with expectations of further easing by the Bank of England.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates: European rates market update

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

EM Fixed Income: New year, no cheer

The podcast covers various aspects of emerging market fixed income assets, including market trends, policy drivers, and the impact of US concerns...

At Any Rate

Global Commodities: Right on cue

Global crude oil prices near $80, driven by low inventories, supply concerns, and winter demand, are expected to remain steady in the 70s due to...

At Any Rate

US Rates: An uneventful year-end for repo

Repo markets remained stable at year end, with significant increases in Treasury sponsor repo balances and FICC sponsored repo usage, while the...

At Any Rate

Global FX: No calm before the storm

Overall, the update highlights various factors impacting market trends and currency movements, including resilience in survey data in Oregon,...

At Any Rate

Global Rates: European rates market update

Recent market trends suggest a possible shift in macro fundamentals, with increased rates, reduced market liquidity, and fiscal policy uncertainty...

At Any Rate