US Rates strategists Phoebe White, Teresa Ho, and Ipek Ozil discuss their takeaways from this week's Fed meeting and tariff announcements. With a deterioration in labor market data still likely to drive Fed easing later this year, Treasury yields are expected to fall over coming months. Meanwhile, funding markets remain healthy, and stability has returned to swap spreads.

Speakers:

Phoebe White, Head of US Inflation Strategy

Teresa Ho Gentile, Head of US Short Duration Strategy

Ipek Ozil, Head of US Interest Rate Derivatives Strategy

This podcast was recorded on 9 May 2025.

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