Macro Horizons
BMO Capital Markets
BMO strategists discuss the week ahead in U.S. rates and global trends in the FICC macroclimate. Ian Lyngen, Ben Jeffery, and Vail Hartman provide weekly updates on the Fixed Income, Currencies, and Commodities (“FICC”) markets, bringing you thoughtful and timely insights on the U.S. Rates market and respond to questions submitted by listeners and clients. Macro Horizons delivers relevant and insightful commentary to help investors navigate the ever-changing global market landscape. For legal disclosure, visit http://www.bmocm.com/macrohorizons/legal
Episodes
Mentioned books
Apr 2, 2026 • 18min
Second Quarter Quagmire
Discussion of how Middle East headlines shifted markets from inflation to growth worries. Exploration of political rhetoric and volatility driving Treasury yield moves. Examination of Gulf damage risks lifting energy prices and complicating the inflation versus growth trade-off. Preview of key upcoming data, Fed timing scenarios, and Treasury auctions.
Mar 27, 2026 • 19min
Broadening Bearish Uncertainty
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 30th, 2026, and respond to questions submitted by listeners and clients.
Mar 20, 2026 • 18min
Hello, Spring
Discussion of how Middle East conflict is pushing oil and gas prices and increasing energy market risk. Analysis of Treasury moves after Powell’s comments and spillovers from gilt and EGB markets. Examination of stronger PPI and labor data as upside inflation signals. Debate on how energy shocks could shape equities, politics, and the US rate path.
Mar 13, 2026 • 19min
The Macro Ides of March
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 16th, 2026, and respond to questions submitted by listeners and clients.
Mar 5, 2026 • 20min
Fumbling Toward Winter's Finish Line
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 9th, 2026, and respond to questions submitted by listeners and clients.
Feb 27, 2026 • 17min
Madness of March
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 2nd, 2026, and respond to questions submitted by listeners and clients.
Feb 20, 2026 • 17min
It's Not a Leap
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 23rd, 2026, and respond to questions submitted by listeners and clients.
Feb 13, 2026 • 17min
My Punny Valentine
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 17th, 2026, and respond to questions submitted by listeners and clients.
Feb 5, 2026 • 17min
Dense With Suspense
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 9th, 2026, and respond to questions submitted by listeners and clients.
Jan 29, 2026 • 18min
Powell, Then Phil
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 2nd, 2026, and respond to questions submitted by listeners and clients.
