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
Mar 16, 2022 • 24min
Reactions to the March 2022 FOMC - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss their reactions to the latest FOMC meeting including the strong rally in risk assets after the market priced a more aggressive path of rate hikes and several yield curve tenors inverted. Other topics include Chair Powell’s optimism on the economy, surprises from the SEPs, and balance sheet normalization.
Mar 11, 2022 • 22min
Liftoff Imminent - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 14th, 2022, and respond to questions submitted by listeners and clients.
Mar 9, 2022 • 25min
Funding Fracas - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss recent strains in unsecured funding markets including the reasons for elevated funding costs and how they are likely to evolve in the near-term. Other topics include the historical comparisons for elevated FRA/OIS spreads and the outlook for credit spreads.
Mar 4, 2022 • 24min
Bonds in the Time of War - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of March 7th, 2022, and respond to questions submitted by listeners and clients.
Feb 25, 2022 • 36min
Trading Through Heightened Geopolitical Risks - Monthly Roundtable
Margaret Kerins along with Ian Lyngen, Ben Reitzes, Stephen Gallo, Dan Krieter, and Ben Jeffery from BMO CM’s FICC Macro Strategy team to bring their debate on how the recent geopolitical developments impact their outlook for monetary policy liftoff, US & Canadian rates, high quality spreads and foreign exchange and the main risks to these outlooks as discussed in today’s client call.
Feb 25, 2022 • 22min
Geopolitical Containment - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 28th, 2022, and respond to questions submitted by listeners and clients.
Feb 23, 2022 • 26min
Are We There Yet? - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss the recent widening in credit spreads including when, and at what level, spreads are likely to find stability. Other topics include recent trends in supply and the outlook for primary markets.
Feb 18, 2022 • 23min
Flight of the Hawks - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 22nd, 2022, and respond to questions submitted by listeners and clients.
Feb 16, 2022 • 30min
All About QT - High Quality Credit Spreads
Dan Krieter and Dan Belton discuss their estimates around balance sheet normalization including the terminal size of the Fed’s balance sheet and when normalization will conclude. Other topics include the possibility the Fed actively sells securities, implications of the standing repo facility, and the impact of QT on credit and swap spreads.
Feb 11, 2022 • 25min
Don't Jimmy Me, Jimmy - The Week Ahead
Ian Lyngen and Ben Jeffery bring you their thoughts on the U.S. Rates market for the upcoming week of February 14th, 2022, and respond to questions submitted by listeners and clients.
