Navigating Labor Market Shifts and Fed Policy Expectations

In this episode of Market Points, host Chris Kelly, Director and Head, U.S. Rates Sales, is joined by Boris Sender, Director, U.S. Rates Strategy, and Roger Quick, Director, Canadian Rates Strategy, to discuss key developments in the U.S. and Canadian rates markets.

They cover the growth boost from U.S. tax cuts versus the drag from tariffs, Canada’s relative insulation from trade tensions, and shifting fiscal landscapes on both sides of the border. The team also explores central bank outlooks, implications for bond issuance, and insights on swap spreads for institutional investors and corporates navigating an evolving macro backdrop.