At Any Rate

EM Fixed Income: Frontier Markets Focus

Global Commodities: At Any Rate: Party like a semiquincentenarian

Global FX: Take-aways from FOMC and other DM central banks

In J.P. Morgan's "At Any Rate" podcast, Meera Chandan and senior FX strategists Junya Tanase, Patrick Locke, and James Nelligan analyze recent central bank decisions and their implications for currency markets. They discuss the Federal Reserve's dovish stance despite some hawkish market reactions, and its potential imp...

Global Rates: Digging into a week of DM central bank decisions

Global Rates: Monthly Inflation Outlook

Phoebe White, senior U.S. rate strategist and head of U.S. inflation strategy at Morgan, interviews European rate strategist Frida Infante to discuss their monthly inflation outlook. The discussion covers relatively unchanged breakevens across developed markets, August inflation data meeting expectations, and a diverg...

EM Fixed Income: (EM) Credit where credit’s due

US Rates: Yield curve bull flattens ahead of September FOMC

In this episode of At Any Rate, Phoebe White and Ipek Ozil discuss the recent flattening of the rates market, attributing it to fundamental factors like the August employment report and softer PPI, technical elements such as position unwinds and momentum thresholds, and mean reversion from steep curve valuations. Looki...

Global FX: Previewing central bank event risk for FX

Global Rates: ECB and BoE meetings, French spreads and Dutch indexation

Global Commodities: Beware the Ides of September

Emerging Markets Outlook and Strategy for September 2025

In J.P. Morgan's "At Any Rate" podcast, Jonny Goulden, Nora Szentivanyi, and Anezka Christovova discuss the emerging market fixed income landscape, focusing on macro developments and investment implications. Nora highlights the resilience in EM growth due to strong export performance, particularly in the tech sector in...

Global FX and Rates: Yield curve steepening, payrolls and FX hedge ratios

In J.P. Morgan's "At Any Rate" podcast, Meera Chandan and a panel of FX strategists discuss yield curve steepening in the UK, Europe, and the US, and its implications for currency markets. Francis Diamond explains that different factors drive steepening in each region: US steepening reflects repricing of Fed easing, Eu...

Global Commodities: Risk premium out, storage premium in

In this episode of "At Any Rate," Natasha Kaneva from J.P. Morgan Global Commodities Research discusses the latest developments and forecasts for the oil market. The conversation addresses the resilience of Brent prices, the impact of U.S. administration policies and international sanctions on oil supply, and the balan...

EM Fixed Income: Wake me up when September starts

Global Rates: Scandi Rates Outlook

Global Rates: Euro area and UK rate markets into the end of summer

Global Economics, FX and Rates: French political scenarios for macro markets

Global FX: The weak dollar view passes a flow test

European Rates: Euro and UK inflation markets summer update

Global FX: Global Rates, FX & Economics: Scandinavian macro, FX, and rates update