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
Jun 9, 2021 • 24min
Tipping the Scales - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the factors most likely to break spreads from current ranges including relative value, the Fed’s plan to sell SMCCF holdings, and technicals. They then discuss recent developments in the LIBOR transition, including the proliferation of BSBY and ARRC’s guidance that term SOFR will be available by early-August.
Jun 4, 2021 • 24min
Participation Trophy - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of June 7th, 2021, and respond to questions submitted by listeners and clients.
Jun 1, 2021 • 30min
The Cash Trap - Monthly Roundtable
Margaret Kerins along with Ian Lyngen, Greg Anderson, Stephen Gallo, Dan Krieter, Ben Reitzes, Dan Belton and Ben Jeffery from BMO’s FICC Macro Strategy team to bring you their discussion of the market’s pricing of inflation risk and the richness in money markets and what these themes imply for US and Canadian rates, high quality spreads and foreign exchange.
May 28, 2021 • 21min
A June to Remember - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of June 1st, 2021, and respond to questions submitted by listeners and clients.
May 21, 2021 • 22min
Out of the (Home) Office - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of May 24th, 2021, and respond to questions submitted by listeners and clients.
May 19, 2021 • 26min
Open to Interpretation - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the recent resilience in credit spreads despite volatility in other asset classes. They offer two competing interpretations of the stability, with ramifications for the near term path of credit.
May 14, 2021 • 22min
'Tis the Seasonals - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of May 17th, 2021, and respond to questions submitted by listeners and clients.
May 11, 2021 • 23min
Muddied Waters Run Deep - Monthly Roundtable
Margaret Kerins along with Ian Lyngen, Greg Anderson, Stephen Gallo, Dan Krieter, Ben Reitzes, Dan Belton and Ben Jeffery from BMO's FICC Macro Strategy team bring you their debate of the main narratives that are dominating market pricing and what these themes imply for US and Canadian rates, high quality spreads and foreign exchange.
May 7, 2021 • 23min
Mayday (!) - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of May 10th, 2021, and respond to questions submitted by listeners and clients.
May 5, 2021 • 30min
Talking About Talking About Tapering - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the impact of the Fed’s eventual tapering announcement on spread markets. Topics include the potential for a severe market reaction like 2013 as well as the near-term vs. long-term impacts of the removal of Fed accommodation.
