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Federal Reserve
Inflation
Private Credit
Emerging Markets
Interest Rates
Credit Markets
Distressed Debt
US Dollar
Bloomberg Intelligence
Tariffs
High Yield
Private Equity
Fiscal Policy
Monetary Policy
Euro-Dollar
Credit Market
Dollar
US Economy
Japan
Artificial Intelligence

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

PublishesDailyEpisodes619Founded5 years ago
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Artwork for FICC Focus

Latest Episodes

Looking across 200 years of history to the AI-driven energy boom, there’s a case that munis haven’t looked this good in a long time. On this episode of Masters of the Muniverse, Matt Gastall, head of municipal research and strategy at Bloomberg Intel... more

In this episode of the FX Moment podcast, recorded in Hong Kong, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Gary Ng, Senior Economist at Natixis CIB in Hong Kong, discuss Asia FX in 4Q and into 2027, with a focus on the yuan... more

With nominal GDP running above 6% year to date and earnings season kicking off, Mike Medeiros, macro strategist at Wellington Management, explains why corporate profitability has been well-supported and why that support may be fading, in his return t... more

“Even when you think you’ve patched the last three holes ... what does it matter that you actually blocked one, two, and three if the company can still get there through route four?” observes Alex Diaz-Matos, Bloomberg Intelligence senior covenant an... more

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Recent Guests

Gary Ng
Senior Economist, Natixis Corporate & Investment Banking
Natixis CIB
Episode: FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle
Mike Medeiros
Macro Strategist, Wellington Management
Wellington Management
Episode: Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks
Alex Diaz-Matos
Bloomberg Intelligence Senior Covenant Analyst
Bloomberg Intelligence
Episode: State of Distressed: Bloomberg’s Diaz-Matos on LME Whack-a-Mole
Richard Clarida
PIMCO's Global Economic Advisor, former Vice Chair of the Federal Reserve
PIMCO
Episode: Macro Matters: Pimco’s Clarida on Fed Policy and Balance Sheet
George Flynn
High Yield Portfolio Manager
New Capital, the Asset Management arm of EFG
Episode: Credit Crunch: Investor Survey 4Q - Rate Bears Hoard Rally Cash
Trevor Slaven
Head of multi-asset solutions at Barings
Barings
Episode: FICC Focus Special: Barings' Slaven Is Cautious on Complexity
Christian Lawrence
Chief Cross-Asset Strategist at Cooperative Rabobank
Rabobank
Episode: Macro Matters: Rabobank’s Lawrence on Rates and Global Markets
Mike Vranos
CEO and founder of Ellington Management Group
Ellington Management Group
Episode: Credit Crunch: Ellington’s Vranos on MBS Innovation and Alpha
John Sobolewski
Global Chair of Latham & Watkins Liability Management Practice
Latham & Watkins LLP
Episode: State of Distressed: Latham’s Sobolewski on Evolving LME Tactics

Hosts

Noel Hebert
Host and Senior Analyst focusing on FICC and credit strategies
Damian Sassower
Host of FICC Focus, Bloomberg Intelligence
Ira Jersey
Chief Interest Rate Strategist

Reviews

4.7 out of 5 stars from 170 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 States5 years ago

Listeners Say

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

Some episodes come across as host-driven; guests' insights are highly valued but balance could vary by episode.
Listeners appreciate the rigor and practical market color, with recurring praise for deep-dive topics in FI, rates, and EM.
Strong clarity for municipal and housing-content fans; niche topics get highlighted effectively.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle
Q: What are the key factors driving the yuan in the near term?
The yuan is supported by a larger trade surplus and a shift to a currency basket framework; authorities may allow some appreciation if exporters can stomach it, provided the move remains gradual and orderly.
FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle
Q: How might the PBOC approach monetary policy given the varied pressures on banks and growth?
Broad-based rate cuts seem unlikely due to banking sector profitability pressures; policymakers may favor targeted liquidity injections and select government bond issuance to support infrastructure, balancing growth with financial stability.
FX Moment: Structural Yuan Bull Run vs Unsolved Yen Bull Puzzle
Q: What are the main growth drivers for China this year, and how do they compare to last year?
Growth is externally driven with improving export momentum and a move up the value chain, but domestic demand remains sluggish due to real estate weakness, slower wage growth, and tighter profits, which keeps overall growth decelerating toward the government target range.
Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks
Q: What risks surround the debt and deficits in a potential divided-government scenario?
The guest views debt sustainability as an important risk, with possible scenarios ranging from continued drag to reforms; however, the baseline assumes ongoing fiscal drag next year, with concern about deficits growing in a recession scenario.
Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks
Q: What is the impact of midterms on Treasuries and the macro outlook?
Historically, midterms have been inflection points for Treasuries; a divided government is often associated with less probability of fiscal easing, which can influence yields and risk assets, though the exact outcome depends on policy shifts and global conditions.

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Frequently Asked Questions About FICC Focus

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

This program concentrates on fixed income, rates, credit, and macro themes shaping global markets, with frequent deep dives into investment strategy, liquidity, and policy implications. Episodes commonly explore how central bank actions, funding markets, EM debt, mortgage markets, and liquidity considerations drive price action and risk. Notable is the blend of practitioner perspectives from asset managers, researchers, and strategists, plus practical guidance on portfolio construction in complex markets. The show frequently pairs hands-on market color with broader thematic commentary, making it a useful resource for professionals evaluating risk, opportunities, and policy-driven market shifts.

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How many subscribers and views does FICC Focus have?

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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. At Any Rate
3. The Allocation: Private Markets for the Total Portfolio
4. Making Sense
5. Exchanges

How many episodes of FICC Focus are there?

FICC Focus launched 5 years ago and published 619 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact FICC Focus?

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What guests have appeared on FICC Focus?

Recent guests on FICC Focus include:

1. Gary Ng
2. Mike Medeiros
3. Alex Diaz-Matos
4. Richard Clarida
5. George Flynn
6. Trevor Slaven
7. Christian Lawrence
8. Mike Vranos

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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