Macro Horizons
BMO Capital Markets
BMO strategists discuss the week ahead in U.S. rates and global trends in the FICC macroclimate. Ian Lyngen, Ben Jeffery, and Vail Hartman provide weekly updates on the Fixed Income, Currencies, and Commodities (“FICC”) markets, bringing you thoughtful and timely insights on the U.S. Rates market and respond to questions submitted by listeners and clients. Macro Horizons delivers relevant and insightful commentary to help investors navigate the ever-changing global market landscape. For legal disclosure, visit http://www.bmocm.com/macrohorizons/legal
Episodes
Mentioned books
Jul 13, 2021 • 28min
Para-Para-Paradigm - Monthly Roundtable
Margaret Kerins along with Ian Lyngen, Greg Anderson, Stephen Gallo, Ben Reitzes, Dan Belton and Ben Jeffery from BMO Capital Market’s FICC Macro Strategy team bring debate of perceived risks as the Fed attempts to thread the growth/inflation needle, the debt ceiling suspension deadline approaches, and taper talk heats up.
Jul 9, 2021 • 23min
The Drive to 125 - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of July 12th, 2021, and respond to questions submitted by listeners and clients.
Jul 7, 2021 • 27min
Flight to Ambiguity - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the recent rally in Treasury yields and what it means for credit spreads. Other topics include the implications for Fed policy and forthcoming details on a potential boost for corporate paper from pension funds.
Jul 2, 2021 • 18min
Dash to the Doldrums - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of July 6th, 2021, and respond to questions submitted by listeners and clients.
Jun 30, 2021 • 24min
Q3 Outlook - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the likely path of credit spreads in Q3 including the supply and demand factors that will drive credit markets including deleveraging, financial issuance, and seasonality.
Jun 25, 2021 • 21min
Halftime Show - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of June 28th, 2021, and respond to questions submitted by listeners and clients.
Jun 23, 2021 • 23min
Attitude Adjustments - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss three major adjustments impacting their markets in recent weeks. First, the Fed’s changing outlook on inflation including the risk inflation is higher and more persistent than expected. Second, they discuss an adjustment to the IG index controlling for credit quality and duration which shows in spreads trading well within all-time tights. Finally, they discuss the impact of the Fed’s technical adjustment on the front-end.
Jun 18, 2021 • 21min
Bullish Inflection - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of June 21st, 2021, and respond to questions submitted by listeners and clients.
Jun 16, 2021 • 26min
Reactions to the June FOMC - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss their takeaways from the June FOMC which featured a more hawkish outlook from the Summary of Economic Projections, an acknowledgement that the Fed might be underestimating the likely path of inflation, and a technical adjustment to the Fed’s administered rates. They conclude with a brief discussion on what tapering will likely mean for credit spreads later this year.
Jun 11, 2021 • 21min
By Any Other Name - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of June 14th, 2021, and respond to questions submitted by listeners and clients.
