Central Banks: Macro Matters

An episode of the FICC Focus podcast, hosted by Bloomberg Intelligence, titled "Central Banks: Macro Matters" was published on January 13, 2022 and runs 21 minutes.

January 13, 2022 ·21m · FICC Focus

Summary

FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities and currencies by Bloomberg Intelligence analysts. In this Macro Matters edition, host and BI Chief U.S. Interest Rate Strategist Ira Jersey is joined by BI Chief European Interest Rate Strategist Huw Worthington and Interest Rate Associate Rates Strategist Angelo Manolatos. Jersey discusses the end state of the Federal Reserve's balance sheet and how he believes it will begin to reduce its assets beginning in May or July, soon after interest rates are first raised. Worthington says it may be a long way off from the start to asset runoff for the ECB, as the central bank said it won't start reduction until it hikes, and that is unlikely before mid-2023. And Manolatos shares his outlook for the Bank of Canada and notes that government bond liquidity may be at risk as assets run off quickly.

Episode Description