Aditya Chordia

Aditya Chordia, rates strategist at J.P. Morgan focused on European markets, and Jay Barry, head of international rate strategy at J.P. Morgan, analyze central bank moves and market positioning. They discuss recent yield sell-offs, drivers behind US front-end moves, Fed and ECB meeting dynamics, curve and five-year behavior, scenario-driven German yield paths, and UK rate implications as the Middle East conflict unfolds.

Aditya Chordia, J.P. Morgan fixed income strategist focused on spread and carry trades, and Khagendra Gupta, J.P. Morgan European rates strategist expert on central bank liquidity tools, discuss ECB and BoE February decisions. They unpack ECB repo and swap frameworks, talk limited market impact from facility tweaks, warn on skinny carry across euro spreads, and debate rising UK political noise and gilt moves.

In this insightful discussion, Phoebe White shares her expertise on U.S. inflation and forecasts a path for Treasury yields, while Ipek Ozil delves into U.S. swap spreads and introduces compelling option strategies for the coming year. Khagendra Gupta presents his take on the volatility of German swap spreads, and Aditya Chordia analyzes the outlook for German yields and intra-EMU spreads against a backdrop of evolving political risks. Together, they provide a comprehensive view of global rates as we head towards 2026.

Aditya Chordia, a Euro area issuance specialist, shares insights on the record €1.46 trillion gross issuance forecast for 2026, driven by German increases. He discusses the implications for German yields, suggesting they’ll remain range-bound. Khagendra Gupta, a rates analyst, illuminates the seasonal uptick in corporate issuance and its effects on swap spreads, while highlighting the impact of Dutch pension transitions on the swap curve. They also touch on the Bank of England's easing outlook amid a hawkish tone.

Aditya Chordia, a J.P. Morgan fixed-income analyst focused on euro-area and UK rate markets. He breaks down recent Euro Council talks on joint EU issuance and defence funding. He outlines near-term EU issuance prospects and a constructive long‑end outlook. He assesses German 10-year yield dynamics and discusses UK by-election impacts and timing risks for UK political moves.