Know More. Risk Better.

Season 9, Episode 04 This week on the "Know More. Risk Better" podcast, Winnie Cisar, Global Head of Strategy, sits down with Pat Luby, Head of Municipal Strategy and resident ETF guru, for the debut of our first-ever video podcast—now available on YouTube! Winnie and Pat break down the shifting dynamics in the muni market, including record new issuance, the evolving impact of Fed policy, and what rising net supply means for investors. They also dive deep into the latest trends in ETF flows, discuss the challenges and opportunities facing sectors like airports, hospitals, and higher education, and share practical insights on how advisors and investors can navigate volatility across the curve. Whether you’re a muni specialist, fixed income investor, or just ETF-curious, don’t miss this timely conversation packed with actionable takeaways. Find this episode on YouTube: https://www.youtube.com/watch?v=hyi1gdz_ECY

Gordon Tsui, Managing Director and Head of Fixed Income at Ping An, brings decades of expertise to the table. He discusses the 'bond vigilante' mindset and its influence on the U.S. fiscal landscape. Tsui highlights how Treasury supply is becoming as critical as FOMC meetings and analyzes the impacts of tariffs on investments. He also shares insights on the offshore RMB bond market against a weakening dollar and explores the relative attractiveness of local currency bonds, offering valuable perspectives for global investors.

Season 9, Episode 2 This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy at CreditSights, and Zachary Griffiths, Head of IG & Macro Strategy, are joined by Cedric Chahab, Chief Economist at BMI, for a sweeping discussion on the forces shaping global credit markets as we enter the second half of 2025. The trio examines why European markets are riding a wave of optimism—even as underlying growth remains tepid—and how US markets compare amid fiscal stimulus, banking reform, and policy uncertainty. They dig into the impact of tariffs, potential risks from Fed independence debates, and the evolving roles of private credit, banking regulation, and crypto in the market ecosystem. Whether you’re an investor navigating credit spreads, a policymaker watching fiscal trends, or simply a market observer, this extra-long episode offers a candid, data-driven look at the tailwinds and headwinds facing transatlantic credit.

The Global Strategy Team at CreditSights kick off our new series with an extra long episode casting a timely look ahead at US, Euro, and EM Sovereign credit as we enter 2H25 and set our sights on early 2026. Our global strategy team consists of Winnie Cisar, Global Head of Strategy, Zachary Griffiths, Head of IG & Macro Strategy, Logan Miller, Head of European Strategy, Regis Chatellier, Head of EM Sovereign Strategy & Zerlina Zeng, Head of Asia Credit Strategy. Join our experts as they break down the latest macro trends, sector fundamentals, and market catalysts shaping these regions, highlighting actionable risks and opportunities amid shifting policy landscapes. From updated US credit strategies and Euro issuer themes to EM volatility and country-specific outlooks, this podcast offers invaluable intelligence for navigating the evolving global credit environment.

This week on the “Know More Risk Better” podcast, Winnie Cisar, Global Head of Strategy at CreditSights, is joined by Kerry Kantin, US Bureau Chief for LFI, to examine the pulse of the broadly syndicated loan (BSL) market as we approach the second half of 2025. They dive into the factors driving BSL activity, from macro volatility and tariff headlines to the technical dynamics fueling tight spreads and strong investor demand. The conversation explores the cautious optimism among investors, the impact of Fed policy expectations, and why the much-anticipated M&A and LBO wave remains on hold. Kerry also discusses creative deal flow solutions, the interplay between BSL and private credit, and the outlook for new issuance versus repayments. This episode is a must-listen for anyone navigating leveraged finance, seeking expert, data-driven insights on credit markets in a year full of surprises.

Mark Rosenberg, founder of GeoQuant and a PhD in political science, discusses the alarming rise of U.S. political and geopolitical risk. He highlights how social polarization and institutional conflict are aligning U.S. risk profiles with those of emerging markets. The conversation dives into the ripple effects on Treasury yields and equity markets amidst the backdrop of Middle East tensions. Rosenberg offers data-driven insights on the evolving landscape and the implications for investors navigating these complexities.

This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy, is joined by Mark Chapman, Senior Analyst and Head of European Telecom and Media Sectors at CreditSights, to explore the evolving landscape of European telecommunications. They discuss the sector's turnaround since 2019, driven by increased demand during the pandemic and a shift towards fiber technology. The episode also covers the impact of macroeconomic factors, competitive dynamics, and M&A trends on the sector. Ideal for those seeking a comprehensive understanding of current telecom trends and potential risks, this episode is a must-listen for anyone interested in European telecom investments, complete with expert insights on market opportunities and challenges.

James Goldstein, a Senior Retail Analyst at Credit Sites, and Jim Dunn, a Senior Consumer Analyst, dive into the current state of the US consumer landscape. They analyze the Q1 retail earnings, highlighting the disparity between demand for essentials versus discretionary goods amid economic uncertainty. The discussion also touches on consumer behavior following 'Liberation Day,' revealing resilience in spending, particularly in travel. They further explore the impacts of tariffs and inflation on pricing strategies and uncover potential investment opportunities in a shifting market.

Michael Kooiman, a retail business owner from Charlotte, NC, shares his expert insights on the challenges small and medium enterprises face due to tariffs, especially regarding Christmas and outdoor furniture imports from China. He discusses the complex impacts of tariffs on supply chains, prompting businesses to seek alternatives. The conversation also touches on evolving consumer spending trends as the holiday season approaches, revealing both optimism and challenges in adapting to economic uncertainty.

This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy, is joined by Laurent Vergnault, Head of Chemicals and Packaging, Europe and Felicity Juckes, Lead Analyst, Paper and Packaging, Europe as they delve into tariffs and the recent de-escalation between the US and its largest trading partners. This episode also examines the fundamentals for Chems and Paper and Packaging and new issue trends between sectors. Ideal for those seeking a comprehensive understanding of current industry trends and potential risks, this episode is a must-listen for anyone interested in the European industrial scene, complete with the experts' picks and pans.