Know More. Risk Better.

Special Edition Podcast Mini Series: 25 for 25: E2 Hosts Winnie Cisar (Global Head of Strategy) and Zachary Griffiths, CFA (Head of US IG & Macro Strategy) are joined by Chris Snow (Global Head of Research), Pramod Shenoi (Head of Asia Pacific Research; Head of Financials, APAC), Brian Studioso (Head of Research, Europe) to discuss navigating credit crises. The conversation explores how experience and disciplined analysis shape CreditSights’ response to market shocks - from the Global Financial Crisis and COVID-19, to policy-driven volatility. The team weighs speed-to-market versus quality, emphasizes management quality and disclosure, and examines liquidity dynamics (“sell what you can”). They discuss calling market bottoms by tracking cross-segment flows, maintaining risk/reward discipline when spreads are tight, and leveraging global client engagement and teamwork to build resilience and deliver trusted, actionable research.

Season 9, Episode 09 This week on “Know More. Risk Better.” Zachary Griffiths interviews Winnie Cisar on the real state of the U.S. consumer and what it means for credit into 2026. They cut through mixed signals - solid balance sheets vs. sticker shock on everyday items like Chick-fil-A, rising car payments, and a cooling jobs market - to explain how spending, inflation, and policy expectations are shaping spreads. Winnie lays out why payroll weakness hasn’t cracked credit, how market cash and technicals are cushioning moves, and what could finally shift sentiment. Expect clear takeaways on positioning, risks to watch, and the scenarios that might push spreads wider - or let them grind tighter. 

Special Edition Podcast Mini Series: 25 for 25: E1 Hosts Winnie Cisar (Global Head of Strategy) and Zachary Griffiths, CFA (Head of US IG & Macro Strategy) sit down with European veterans Simon Adamson (Head of European Financials), Andy Belton (Head of European Basics & Infrastructure), and Andrew Moulder (Head of European Utilities) to explore the origins and evolution of independent credit research at CreditSights. The conversation revisits the founding vision, the launch of our London office, and defining moments from the Global Financial Crisis. The team discusses why cash flow analysis remains core, how relative value migrated from CDS to bonds, and the rise of complex instruments like hybrids and bank bail-in capital. They also dig into client engagement and reverse inquiry (including early work on Icelandic banks), and how European banks, utilities, and infrastructure credit have transformed over two decades.

Season 9, Episode 08 This week on “Know More. Risk Better.” Winnie Cisar goes global with Zerlina Zeng, CreditSights’ Head of APAC Credit Strategy, fresh from meetings in Taipei and Hong Kong. They break down how Asian lifers, bank treasuries, private banks, and hedge funds are positioning across USD, EUR, and local markets. Topics: cash-rich backdrops, high funding costs, tight spreads, and why investors prefer duration over credit risk; Fed cuts, long-end Treasuries, and curve steepening; USD vs. AUD/SGD/CNH flows and hedging costs; crowded trades in DM financials and GCC banks; two-way risk in Japanese lifers’ debt; China macro, property overhang, and selective HY’s comeback. Plus, what to expect in Asia ex-Japan supply versus heavier Japan/Australia issuance—and why not to chase every new deal. A timely field report on how Asia’s positioning is shaping global credit and FX. Tune in for practical takeaways on duration, sectors, FX, and liquidity.

Season 9, Episode 07 This week on the “Know More. Risk Better.” podcast, host Winnie Cisar brings together CreditSights’ dream team—Andy DeVries, Jordan Chalfin, Andy Li, and Erick Vega—for an energetic roundtable on all things AI, data centers, and the infrastructure boom reshaping the tech landscape. The team tackles the hyperscaler spending spree, the race to build out data centers, and the unprecedented electricity demand that’s shaking up the utilities sector. Winnie and her guests debate whether we’re headed for overbuild or opportunity, share insights on how private credit is fueling the AI gold rush, and weigh in on risks—from identity theft to supply chain hiccups. They break down the impact of AI on jobs, discuss the shifting roles of tech and utility players, and highlight the weak links and hidden challenges in the AI value chain. With practical takeaways, candid analysis, and predictions for the next 12–18 months, this episode is a must-listen for anyone tracking AI, data infrastructure, utilities, or the future of work. If you’re following the AI arms race, data center development, or the quest to power the digital economy, tune in for expert perspectives and lively debate from the front lines.

Season 9, Episode 06 This week on the “Know More. Risk Better.” podcast, host Zach Griffiths welcomes Peter Simon, Co-Head of U.S. Financials, and Rick Gambs, Head of U.S. Prudential Regulatory Policy at Citi, for a deep dive into the evolving landscape of U.S. bank regulation. Zach, Peter, and Rick unpack the latest developments from the Fed’s integrated review of the capital framework, debate whether recent moves signal true deregulation or a recalibration of stringent standards, and discuss the real-world impact of leverage ratio reforms. The trio explores how regulatory tweaks may affect banks’ ability to intermediate in the Treasury market, the shifting role of non-bank financials and private credit, and what stablecoin legislation could mean for large institutions. With fresh insights from inside the regulatory trenches, they share practical takeaways for investors and industry watchers navigating a complex, fast-changing environment. If you’re tracking bank risk, regulatory trends, or emerging forces like crypto and private credit, tune in for candid analysis and timely perspectives from the front lines.

Season 9, Episode 06 This week on the "Know More. Risk Better" podcast, Logan Miller, Head of European Strategy, is joined by Jim Williamson, Head of European Autos Research, for a deep dive into the European auto sector. Logan and Jim unpack everything from Q2 earnings surprises to the latest EU-US tariff agreement, revealing what it means for margins, credit spreads, and investor positioning. They share their views on which OEMs are best positioned to weather the trade war, how cost-cutting and localization strategies are reshaping the industry, and why the sector’s balance sheet strength still matters. If you’re following European credit, global trade, or just want to know which auto names are set to outperform, tune in for sharp analysis, sector picks, and practical takeaways for credit investors. Find this episode on YouTube: https://www.youtube.com/watch?v=qVrDhLqKJWM

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.