Jay Barry, Head of Global Rates Strategy at J.P. Morgan, and Aditya Chordia, European Rates Strategist at J.P. Morgan, dive into the future of government bond issuance. They discuss the pressing impact of central bank quantitative tightening and the implications of budget deficits on term premiums in the U.S. and U.K. The duo also explores how political changes are reshaping U.S. fiscal strategies and analyze yield movements amidst evolving market dynamics in Europe and Japan. It's a fascinating look into global financial trends!

Aditya Chordia and Khagendra Gupta, both analysts at J.P. Morgan Global Research, dive into the future of the European rates market for 2025. They discuss potential macroeconomic scenarios impacting rates, along with insights on intra-EMU spreads and the evolving political landscape in France. The duo examines the dynamics of German swap spreads and important regulatory trends. They also predict euro volatility tied to the European Central Bank's easing measures, while evaluating the Bank of England's monetary policy and its potential effects on bond yields.

Aditya Chordia, Analyst at J.P. Morgan Global Research, joins Francis Diamond to unravel the complexities of the European rates market. They discuss the surge in bond yields and a bearish outlook for 2025, driven by economic divergence in the euro area. The conversation also delves into market volatility, intra-EMU spreads, and the influence of ECB policies. They analyze the expected decline in euro area government bond supply and explore the interconnectedness of the UK and US markets, shedding light on future yield predictions.