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Luis Oganes, head of Global Macro research at J.P. Morgan, discusses the outlook for government bond issuance in 2025 with strategists Jay Barry and Aditya Chordia. The team discusses how ongoing central bank QT amplifies issuance trends, and wide budget deficits suggest term premium should remain elevated in the US and UK, while these trends should be less impactful for Euro-area and Japanese yields.

Speakers:

Luis Oganes, Head of Global Macro Research

Jay Barry, Head of Global Rates Strategy

Aditya Chordia, European Rates Strategy

This podcast was recorded on 17 Jan

Global Rates - 2025 Global government issuance outlook

At Any Rate