Know More. Risk Better.

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.

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.