All Episodes
At Any Rate — 176 episodes
EM Fixed Income: Battle tested, but shields still up
Global FX: Dollar Debate Corner (again), Yen, RBNZ/RBA
Global Rates: European Rate Markets – ECB meeting and European curves
EM Fixed Income: Summer ending but the heat is still on
Global FX: EU deep dive, US roundup, back to school themes
At Any Rate - Global FX: Debate Corner 2.0
US Rates: Treasury Buyback Expansion
EM Fixed Income: Summer of carry, but getting crowded?
Global FX: Debate Corner
Global Rates: A Mixed Bag of Inflation Market Views
US Rates: A pop in short-term credit supply
Global Commodities: Miraculous recovery
Global FX: Payrolls a setback to USD; still constructive on carry post-JPY intervention
EM Fixed Income: Carry on, notwithstanding core market shifts
US Rates: See you next (fiscal) year
Global Commodities: From chokepoints to checkbooks
US Rates: “Truth” and consequences: The impact of President Trump's Truth Social posts on interest rate markets
Global FX: Dollar down after FOMC, MoF intervention
Global Commodities: The Freakonomics of Oil
Global FX: USD pre-Fed, EM movers, GBP & cross-border M&A
EM Fixed Income: At this rate, should we worry?
US Rates: Fed Policy Outlook & New Task Forces
Global Rates: A long hot summer for front-end inflation markets
Global Commodities: Eyes back on Hormuz
Global Rates: Summer thoughts on European rates
Global FX: CPI/ USD, Model take-aways, EM rundown
EM Fixed Income: Navigating cross-currents, even on the frontier
In Focus: US Defense
US Rates - Cash continues to roll in
Global Commodities: A sense of déjà vu
Global FX: Keep calm and carry on
EM Fixed Income: Risk risk go away, come again another day
Global FX: Payrolls prognosis, yen, GBP and HUF
Global Commodities: Gold is back to Fed-watching
EM Fixed Income: Seeking guidance into the second half
Global Commodities: Right shock, wrong price
US Rates: Life, Liberty, and the pursuit of hawkishness
EM Fixed Income: Mid-year outlook, amid a moving target backdrop
Global FX: Mid-Year Outlook pushbacks, payrolls, CNY, GBP
Global FX: Bullish Beta, Bullish Dollar
Global FX: 2H Vol Outlook: Carry the Day, Vol the Tail
Global Rates: Scandi and BoE Central Bank wrap up, UK politics (again)
Global Commodities: Seeing the Invisible
Global Rates: Inflation Markets in Europe, the UK and the US
In Focus: G7 Summit
Emerging Markets Outlook and Strategy for 2H26
Global Rates: European Rate Markets – looking ahead over 2H26
Global Commodities: A Perfect Storm
Global FX: Central banks take centre stage
Global FX & Economics: UK Outlook, GBP and SEK
US Rates - Another Volatile Week in Rates Markets
Global Commodities: Is that it?
Global FX: Payrolls postmortem, ECB/ BoC watch, euro roundup
Global Rates: ECB, cross-market views and UK politics update
Global Commodities: Can the world live with 9% less oil?
Global FX: Bearish EUR factors intensify, USD decouples from real rates, and an update on low FX vols
EM Fixed Income: EM resilience amid renewed USD strength and idiosyncratic pitfalls
Global FX: Broader impacts from the dollar bid
Global Commodities: What’s New?
EM Fixed Income: Assessing EM amid the global repricing of rates
Asia Cross Asset: Taking stock of the North Asian equity surge
Global FX: EUR-USD divergences, systematic signals, sterling struggles
Global Commodities: Infrastructure 101
Global Rates: Analyzing Eurex and US futures roll and cross currency bases
Global Rates: Energy priced and UK politics drive Bunds and Gilt yields higher
EM Fixed Income: Inflation pressures and idiosyncratic EMEA EM politics
In Focus: Frontier AI
Global Rates – And now my fears, they come to me in threes
Global Commodities: An Inventory Detour
Global FX: Yentervention and other FX policy stories
EM Fixed Income: Parsing peace talks and payrolls
In Focus: Equity & Credit Update on AI CapEx
US Rates - I won’t see you next time
Global Commodities: It’s Simple Math
Global FX: Yen intervention, re-assessing USD bearish view, central bank rundown
EM Fixed Income: To every thing there is a season
Global Commodities: Running the Numbers on Gas
Global Rates: Central banks likely to wait-and-see against a backdrop of ongoing Middle-East uncertainty
Global FX: De-dollarization, GBP deep-dive, DM central banks
EM Fixed Income: Ceasefire implications and Washington takeaways
Global FX: Cease-fire, the dollar, DM/EM FX impact, IMF round-up
Global Commodities: Prices Get Relief
Global FX: The beginning of the end?
US Rates - GSIB and Basel III Endgame Update
EM Fixed Income: Will EM markets keep trading Iran conflict de-escalation?
Global Commodities: A Month of Disruption
Global FX: Wary of complacency in FX
In Focus: Middle East Conflict
EM Fixed Income: Still waiting for the conflict to pass over
Global Commodities: Timing the Global Impact
Global FX - Feelin ‘22
Global Commodities: What are the Markets Missing?
Global FX: Oil turns up the heat on central banks & FX
EM Fixed Income: Middle East conflict week 3 damage assessment for EM
Global Rates: Global DM Swap Spread Outlook
Global Rates: Where next for CB and rates as the Middle-East conflict persists?
Global Commodities: Mind the Metals
Global FX: Winds of change for the dollar
EM Fixed Income: Assessing the situation and path ahead for EM in Week 2 of the Middle East conflict
US Credit: J.P. Morgan Global Leveraged Finance Conference 2026: Key Takeaways
Global Commodities: Oil and Gas Rocked by Conflict
Global FX: The best escalation and recovery candidates
EM Fixed Income: Taking stock one week into the Middle East conflict
Global FX: The dollar & AI, CNY, IEEPA, euro bloc
European Rate Markets: Eurobonds, by-elections and the spring statement
Global Commodities: Gas Finds a Tighter Balance
EM Fixed Income: Risks around a positive base case
Global FX: Interrogating the optimistic baseline
Global Commodities: Going Against the Grain on Oil
Global Commodities: Are Commodities the Market’s Crystal Ball?
Global FX: How much is too much?
European Rates: Scandinavian rate outlook – a long winter hibernation
EM Fixed Income: Getting fully back on the EM horse
Global Rates: Analysing Eurex and US futures roll
Global FX: RBA, JP elections, euro/APAC rotation, dovish BoE, US data
Global Commodities: Deconstructing the Metal Mania
European Rates: ECB and BoE February meetings, skinny carry in Euro area, increased UK political noise
US Rates: Crypto market structure bill in limbo
EM Fixed Income: A rest is as good as a change
Global Commodities: A week of commodity whiplash
Global FX and Commodities: The dollar, metals, APAC and vols
EM Fixed Income: Navigating choppier seas with a temperamental compass
US Rates: Should we talk about the weather?
Global FX: Bearish USD vs. EM FX risk appetite index, G10 cyclicals and the Fed
European Rates: Less keen on carry, UK political noise but no signal
Global Rates: Cross currency basis 1H26 outlook
EM Fixed Income: A technical signal amid all the noise
Global Rates: Monthly Inflation Outlook
Global Rates: 2026 Global government issuance outlook
Global FX: FX in the political crosshairs
Global Commodities: Oil, gas, and metals kick off a volatile year
EM Fixed Income: Sticking to the knitting
At Any Rate: The GSEs and their $200bn Grand Spread Experiment
Global FX: A highly procyclical start
European Rates: January supply and technical drivers in Euro area rates, UK rates update
Global Commodities: Venezuela – implications on commodities
Global FX: US data, DM central banks, year-end observations
US Rates - Keep the liquidity flowing
EM Fixed Income: The most wonderful time
Global FX: Dollar down after Fed; central banks and US data center stage for FX next week
Global Commodities: Oil Outlook 2026/2027—Heavy Lifting
Global Commodities: 2026 Outlook – Supply-driven crocodile cycle
Global FX Outlook 2026: Bearish USD, Bullish Beta
Global FX Volatility Outlook 2026
Emerging Markets Outlook and Strategy for 2026
Global Rates 2026 Outlook
Global Commodities: Metals headed for even greater heights
Global Rates: Analyzing Eurex and US futures roll
Global FX: EUR/USD contemplation, GBP fiscal and JPY woes
Global Commodities: Rising LNG supply underscores need for demand-side infrastructure
EM Fixed Income: A year of Latam elections
Agri Outlook for 2026/27: Volatility to return off compressed levels in 2026, as global agri availability continues to slide
European Rates: BoE and Scandi central bank roundup
Global FX: Dollar oscillates; more fiscal clarity for GBP & CAD
EM Fixed Income: All the small things
Global Rates: Trick or Treating with Central Banks
Global FX: Hawkish Fed & dovish BoJ force a Yen forecast rethink
Global Commodities: China’s LNG demand to peak in early 2030s
EM Fixed Income: Not spooked yet
Asia Cross Asset Podcast: From Abenomics to ‘Sanae-nomics’ - What to expect for Japan policies, markets and the Yen
At Any Rate: Of funding and refundings
Global FX: Japan focus, US/China, PMIs, Fed/ECB
Global Commodities: Oil glut paves way for stronger sanctions. If enforced
EM Fixed Income: Reviewing the global & previewing the upcoming idiosyncratic
Taking stock of the evolving value proposition of stablecoins
Global Commodities: Cocoa demand crunch not as bitter as feared
US Rates - Does QT's end matter for funding and Treasury markets?
Global FX: Sailing the USD Bearish Ship in Murky Waters
European Rates: market moves, 2026 Euro area issuance, SSAs, Scandi markets and European inflation
Asia Cross Asset Podcast: Japan - The New LDP Leader: Implications for policy and markets
Global FX and Commodities: The bullish case for gold, the bearish case for USD ex-yen and the shutdown showdown
EM Sovereign External Repayment Risks: Staying alive after 2025
Global FX: Shutdown limbo
Global Rates: Cross currency basis 4Q25 outlook
Global Commodities: Agri trade returns to President Trumps Agenda
EM Fixed Income: Is better growth worse for EM?