Ipek Ozil

In this insightful discussion, Ipek Ozil, Head of U.S. Interest Rate Derivatives Strategy at J.P. Morgan, joins Khagendra Gupta to delve into the intricate world of US and Eurex futures. They explore the drivers behind U.S. futures roll and share perspectives on the December 2025 to March 2026 bond rollover. Ipek sheds light on funding rates, emphasizing the impact of missing CFTC data and the importance of optionality in bond futures. Their conversation reveals the complex interplay between market dynamics and positioning analysis, making it a must-listen for finance enthusiasts.

In this insightful discussion, Phoebe White shares her expertise on U.S. inflation and forecasts a path for Treasury yields, while Ipek Ozil delves into U.S. swap spreads and introduces compelling option strategies for the coming year. Khagendra Gupta presents his take on the volatility of German swap spreads, and Aditya Chordia analyzes the outlook for German yields and intra-EMU spreads against a backdrop of evolving political risks. Together, they provide a comprehensive view of global rates as we head towards 2026.