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Federal Reserve
Interest Rates
US Economy
2024 Election
Economic Policy
Emerging Markets
US Dollar
Transparency
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Monetary Policy
Communications Policy
Asynchronous Rate Cycle
Inflation
Municipal Bonds
Clos
Employment
Bloomberg LP
Jackon Hole
Treasury Department
Economic Forecasting

FICC Focus offers the latest market views on interest rates, corporate bonds, emerging market debt, commodities, and currencies by Bloomberg Intelligence analysts.

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Latest Episodes

“We traditionally have turned over about 60% of the portfolio per year,” says AGL Credit Management’s Chief Operating Officer Wynne Comer, discussing the company’s approach to managing collateralized loan obligations. “That’s 30% through prepayments,... more

Emerging market governments are implementing extraordinary measures to mitigate the impact of rising energy prices, as the war-induced oil shock stirs stagflation pressures and pushes most asset classes lower. Gustavo Medeiros, head of EM research at... more

The yield curve may continue its steepening trend, with recent flattening just a cyclical retracement, Jason Granet, CIO of BNY says on this Macro Matter’s episode of the FICC Focus podcast series. Granet joins co-hosts Ira Jersey and Will Hoffman of... more

Credit suffered a software loan wobble and private credit contagion before the war in Iran, but it’s been a safe haven vs. rates and equities since hostilities started. In this Credit Crunch podcast, host Mahesh Bhimalingam, global head of credit str... more

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Recent Guests

Rachel Murray
Managing Director at Moelis & Co. specializing in Capital Structure Advisory
Moelis & Co.
Episode: State of Distressed Debt: Moelis’ Murray on Private Credit Workouts
Tom Doe
Founder and former CEO of Municipal Market Analytics (MMA)
Municipal Market Analytics (MMA)
Episode: Masters of the Muniverse: MMA Founder Doe on Prediction Markets
Anoush Ehteshami
Professor of International Relations at Durham University
Durham University
Episode: All Options Considered: Middle East Conflict, What Markets Are Missing
Jim Gubitosi
Co-Chief Investment Officer and Chair of the Investment Committee
Income Research and Management
Episode: Credit Crunch: IR+M’s Gubitosi on Corporates, Securitized Value
Erica Adelberg
Head of Mortgage Strategy at Bloomberg Intelligence
Bloomberg Intelligence
Episode: Macro Matters: SFVegas Recap with BI’s MBS Strategist Adelberg
Will Marshall
head of US Rate Strategy at Goldman Sachs
Goldman Sachs
Episode: Macro Matters: US Rates Outlook With Goldman’s Marshall
Emily Bannister
Director of the firm's private credit offering at Wellington Management
Wellington Management
Episode: Credit Crunch: Wellington's Bannister Talks Private Credit 2.0
Ashwin Palta
Global High Yield Portfolio Manager at BNY Investments Newton
BNY Investments Newton
Episode: Credit Crunch: Investor Survey 1Q - Fed, Earnings, Tech Supply
Andrew Milgram
Managing Partner and Chief Investment Officer
Marblegate Asset Management
Episode: State of Distressed Debt: Andrew Milgram on Middle-Market Opportunity

Hosts

Ira Jersey
Chief Interest Rate Strategist focusing on interest rates and monetary policy dynamics.
Noel Hebert
Chief US Credit Strategist specializing in corporate credit and distressed debt.

Reviews

4.8 out of 5 stars from 148 ratings
  • Review

    Too much of the host. Difficult to understand and not interested in his view. Should emphasize the guest more.

    Apple Podcasts
    4
    ncciai12
    United States9 months ago
  • Learn things

    Appreciate the views shared in interviews and event reviews. Always learning more intracacies of various FI segments.

    Apple Podcasts
    5
    Forty Acres
    United Statesa year ago
  • Good pad Kaz

    Well done on municipal bonds

    Apple Podcasts
    5
    BillyJeffyWatty
    United States4 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Some feedback indicates a preference for guest perspectives over the host's views.
The educational value of the discussions is frequently highlighted, with listeners enjoying the nuanced take on financial market intricacies.
Listeners appreciate the in-depth market analysis and the expert insights provided by guests.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Macro Matters: DC Policy Update With BI’s Nathan Dean
Q: Besides my World Cup predictions, anything else that we didn't cover today that you'd think the general fixed income investor would find interesting?
Nathan hints at the debt ceiling discussions, regulatory developments, and potential market impacts from policy shifts, including how gridlock and investigations could affect markets.
Macro Matters: DC Policy Update With BI’s Nathan Dean
Q: So maybe describe how frequently you do those and what types of things that you talk about.
Nathan explains the Washington Policy Pulse on Mondays at 10 AM, open to Bloomberg clients and others, and the Votes and Vertics podcast as a broader platform for policy discussions.
State of Distressed Debt: Moelis’ Murray on Private Credit Workouts
Q: Okay. And Moelis, like your typical work, is it mostly debtor work or is it like creditor work too? How are you split and how do you view the different roles?
Rachel explains Moelis does a mix but notes a strong focus on debtor-side work, while still engaging creditor perspectives; the discussion highlights how private credit and LME considerations affect sponsor relationships and negotiation dynamics.
All Options Considered: Middle East Conflict, What Markets Are Missing
Q: From a markets perspective, how is energy price persistence likely to affect inflation and policy rates?
If energy prices stay elevated, inflation could remain persistent, delaying meaningful cuts and keeping bond yields pressured; if prices normalize quickly, markets expect faster normalization of policy paths.
Macro Matters: US Rates Outlook With Goldman’s Marshall
Q: In Goldman's view, where do you think he takes the Fed Reserve?
Marshall discusses the Fed's need for consensus on lowering rates, stating their baseline policy rate hasn't shifted and they expect inflation data to make a clear case for cuts.

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Frequently Asked Questions About FICC Focus

What is FICC Focus about and what kind of topics does it cover?

Focused primarily on financial markets, the content presented revolves around interest rates, corporate bonds, emerging market debt, commodities, and various currencies. Analysts from a leading financial intelligence provider engage in enlightening discussions that cover the intricate dynamics driving the global economy and investment landscape. Topics discussed often include macroeconomic trends, insights from market surveys, and the implications of fiscal policies on different asset classes, providing listeners with valuable market intelligence and analysis to navigate their investment decisions. With expert guests from the finance industry, this platform offers in-depth perspectives and timely insights that are highly relevant for financ... more

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Which podcasts are similar to FICC Focus?

These podcasts share a similar audience with FICC Focus:

1. Capital Allocators – Inside the Institutional Investment Industry
2. The Credit Edge by Bloomberg Intelligence
3. Exchanges
4. The Memo by Howard Marks
5. Odd Lots

How many episodes of FICC Focus are there?

FICC Focus launched 4 years ago and published 525 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on FICC Focus?

Recent guests on FICC Focus include:

1. Rachel Murray
2. Tom Doe
3. Anoush Ehteshami
4. Jim Gubitosi
5. Erica Adelberg
6. Will Marshall
7. Emily Bannister
8. Ashwin Palta

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