In this episode of the Odd Lots podcast, hosts Tracy Alloway and Joe Weisenthal interview Steven Englander, Global Head of G10FX Strategy at Standard Chartered, about the dynamics driving movements in the bond and currency markets. The conversation covers the divergence between JGB and UST yields, the factors influencing the yen's strength, and the implications of potential tariff policies on the dollar. Englander shares his perspective on the limitations of currency depreciation as a solution for domestic economic issues, the role of capital flows, and the challenges the Federal Reserve faces in managing inflation amidst fiscal pressures and potential stagflation. He also discusses the impact of policy uncertainty on risk premiums and offers insights into the concerns of corporate clients and investors navigating the current economic landscape.
