Matthew Franklin Lyons

Matthew Franklin Lyons, a specialist in global rates trading, and Stephen Jeffries, an expert in emerging market currencies, delve into intriguing dynamics affecting global markets. They discuss the factors behind the yield curve steepening and dissect the carry performance in emerging markets. The duo also reveals investor sentiments, highlighting surprising positioning amid uncertainties. Furthermore, they flag potential risks from AI-driven corporate issuance and vulnerabilities in asset swaps, painting a nuanced picture for 2026's financial landscape.