Global Rates 2026 Outlook

In this episode of J.P. Morgan's "At Any Rate" podcast, host Jay Barry leads a discussion with senior strategists Aditya Chordia, Francis Diamond, Khagendra Gupta, Ipek Ozil, Phoebe White, and Teresa Ho, providing a high-level overview of their 2026 outlooks for fixed income, currency, and commodity markets. The panel covers key themes such as duration, curve, swap spreads, and volatility across the US, Europe, and the UK, with each strategist offering insights into their respective regions. Discussions include the impact of central bank policies, fiscal sustainability, supply-demand dynamics, and potential market risks, offering listeners a comprehensive view of the investment landscape for the coming year.

Outlines

Sign in to continue reading, translating and more.

Continue

At Any Rate

Introduction to the 2026 Fixed Income Outlook and US Treasury Yields

European Rates Outlook: German Yields and Intra-EMU Spreads

UK Rates Outlook and Developed Market Central Bank Policies

Funding Markets, the SRF, and US Swap Spreads

European Swap Spreads and Volatility Outlook

Conclusion and Disclaimers

Global Rates 2026 Outlook

At Any Rate

00:02Introduction to the 2026 Fixed Income Outlook and US Treasury Yields

Introduction to the 2026 Fixed Income Outlook and US Treasury Yields

07:51European Rates Outlook: German Yields and Intra-EMU Spreads

European Rates Outlook: German Yields and Intra-EMU Spreads

13:27UK Rates Outlook and Developed Market Central Bank Policies

UK Rates Outlook and Developed Market Central Bank Policies

22:01Funding Markets, the SRF, and US Swap Spreads

Funding Markets, the SRF, and US Swap Spreads

28:59European Swap Spreads and Volatility Outlook

European Swap Spreads and Volatility Outlook

36:05Conclusion and Disclaimers

Conclusion and Disclaimers