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Artwork for FICC Focus
Federal Reserve
Private Credit
Inflation
Interest Rates
Emerging Markets
Distressed Debt
Credit Markets
Tariffs
Fiscal Policy
Private Equity
US Dollar
High Yield
Monetary Policy
Credit Market
Bloomberg Intelligence
Euro-Dollar
Clos
Liability Management
Dollar
US Economy

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

PublishesDailyEpisodes590Founded5 years ago
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Artwork for FICC Focus

Latest Episodes

Emerging market local-currency government debt deserves a prominent place in global fixed income portfolios, as economic fundamentals remain resilient and the US dollar remains rich. Victoria Courmes, portfolio manager on GMO’s emerging country debt ... more

With the change in leadership at the Federal Reserve, investors are paying greater-than-usual attention to the outlook for short-term funding markets, money-market funds and the central bank’s balance sheet. Laurie Brignac, head of global liquidity a... more

In this episode of the FX Moment podcast, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Chris Turner, head of FX strategy at ING Bank in London, discuss dollar-yen near- and mid-term dynamics. The combined shift in the dollar v... more

“In the US today, what you see is... capital leaving the system out of the BDCs, and that’s creating a lot of technical pressure on the market,” says Robin Doumar, founder and managing partner of Park Square Capital. “So we should see better structur... more

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Recent Guests

Robin Doumar
Founder and Managing Partner of Park Square Capital
Park Square Capital
Episode: Credit Crunch: Park Square’s Doumar on Junior Debt and BDC Angst
Andrew Keiller
Partner at Baillie Gifford based in Edinburgh, Scotland
Baillie Gifford
Episode: EM Lens: Identifying Alpha Opportunities in EM Equities
Adam Rilander
Chief Investment Officer and Head of Agency MBS, Bright Meadow (Mariner Investment Group)
Bright Meadow / Mariner Investment Group
Episode: Credit Crunch: Bright Meadow’s Rilander on MBS, Housing Policy
Adam Rylander
CIO and Head of Agency MBS
Brightmeadow, an investment team within Mariner Investment Group
Episode: Macro Matters: Invesco’s Levitt on Equities, Rates and Oil
Erica Edelberg
Senior MBS Strategist
Bloomberg Intelligence
Episode: Macro Matters: Invesco’s Levitt on Equities, Rates and Oil
Marcelo Assalin
Head of EM Debt and Portfolio Manager at William Blair Investment Management
William Blair Investment Management
Episode: EM Lens: William Blair’s Assalin Remains Bullish on EM Outlook
Chris Murphy
Co-head of Derivatives Strategy at Susquehanna
Susquehanna
Episode: All Options Considered: Equity Derivatives With Susquehanna
Noel McElreath
Senior Portfolio Manager, US Fixed Income
Xponance
Episode: Credit Crunch: Xponance’s McElreath on Credit Inefficiencies
John Henes
Founder and CEO of C Street Advisory Group
C Street Advisory Group
Episode: State of Distressed Debt: C Street CEO Henes on Board Dynamics

Host

Ira Jersey
Host of FICC Focus; Chief Interest Rate Strategist

Reviews

4.7 out of 5 stars from 161 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 Statesa year 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 States2 years 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.

Content is dense; sponsorship and ad reads should align with institutional buyers.
Listeners appreciate deep dives on macro and credit; guests often bring practitioner insight.
Some feedback notes host-centric balance; guests praised for expertise but critiques call for more emphasis on interviewees.
Strong consensus that guest quality drives perceived value of the show.
Municipal-focused episodes are well-received by the audience.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

EM Lens: Identifying Alpha Opportunities in EM Equities
Q: Talk to us about the two drivers, growth and diversification, and how you approach portfolio construction in EM.
Growth advantage versus price is real, with EM offering higher growth at about half the price of the US; diversification matters due to concentration in a few mega-cap names, and active management should focus on long-term earnings growth and selective holdings.
EM Lens: Identifying Alpha Opportunities in EM Equities
Q: Let's talk about fund flows, investor positioning. What are you seeing? What's drawing them into the EM Equity Asset Class?
Active EM flows remain negative, and many global funds are underweight EM, suggesting pent-up demand for EM exposure could push flows higher if fundamentals stay supportive.
EM Lens: Identifying Alpha Opportunities in EM Equities
Q: How do you view political risk? Talk to us about how you and the team get comfortable with some of the risks that surround these companies.
Political risk is real but not uniformly negative; politics can be an enabler as well as a risk, and the approach is to be selective, focus on durable franchises, and align with governments that support long-term growth.
EM Lens: Identifying Alpha Opportunities in EM Equities
Q: So what do you suppose is driving that discount? Are they structural in nature, the drivers of that discount?
The discount stems from liquidity and broader market dynamics, but the structural upside comes from strong growth in EM earnings and evolving fundamentals, including central banks and debt profiles.
EM Lens: Identifying Alpha Opportunities in EM Equities
Q: And so with that in mind, Andrew, talk to us a little bit about how EM equities, and for that matter, credit or position relative to their developed market peers.
EM equities look discounted relative to developed markets despite stronger earnings growth; selectivity and active management are crucial to exploiting opportunities beyond the concentration in a few large tech names.

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Frequently Asked Questions About FICC Focus

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

FICC Focus centers on fixed income, credit, and macro themes driving rates, corporate bonds, EM debt, commodities, and currencies. Episodes feature interviews with senior Bloomberg Intelligence analysts and industry veterans, exploring liquidity, restructuring, private credit, and macro policy with practical implications for investors and issuers. Notable strengths include in-depth crisis-era perspective, nuanced discussions of LMEs, private credit strategies, and cross-market dynamics, often with a focus on tangible market outcomes and risk management for institutional audiences.

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Which podcasts are similar to FICC Focus?

These podcasts share a similar audience with FICC Focus:

1. The Credit Edge by Bloomberg Intelligence
2. The View From Apollo
3. At Any Rate
4. Making Sense
5. Capital Allocators – Inside the Institutional Investment Industry

How many episodes of FICC Focus are there?

FICC Focus launched 5 years ago and published 590 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. Robin Doumar
2. Andrew Keiller
3. Adam Rilander
4. Adam Rylander
5. Erica Edelberg
6. Marcelo Assalin
7. Chris Murphy
8. Noel McElreath

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