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

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

PublishesDailyEpisodes603Founded5 years ago
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Artwork for FICC Focus

Latest Episodes

Emerging market equities have outperformed the S&P 500 by over 14% over the past year, as investors take advantage of attractive valuations, falling currency volatility and a more resilient macroeconomic backdrop. Malcolm Dorson, Senior EM Portfolio ... more

With the latest energy shock pushing UK inflation higher while economic growth remains subdued, investors are questioning whether markets have priced too much Bank of England tightening. Jack Meaning, UK chief economist at Barclays, joins Bloomberg I... more

Emerging market fund flows are accelerating as credit fundamentals continue to improve amid historically loose financial conditions, wide real yields and deteriorating US dollar demand. Genna Lozovsky, managing principal and chief investment officer ... more

With US growth holding up and inflation still running above target, investors are weighing whether the Federal Reserve needs to tighten policy further or can afford to stay on hold. Drew Matus, chief market strategist at MetLife Investment Management... more

Key Facts

Accepts Guests
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Recent Guests

EG Fisher
Chief Investment Officer, Mariner Investment Group
Mariner Investment Group
Episode: Macro Matters: Mariner CIO E.G. Fisher on Liquidity and Credit
Paul Jacobson
Head of Municipal Strategy at JPMorgan's Private Bank
JPMorgan
Episode: Masters of the Muniverse: JPMorgan and the Muni SMA Revolution
Dan Freise
Senior Portfolio Manager and Lead Trader with JPMorgan's Prodigious SMA platform
JPMorgan
Episode: Masters of the Muniverse: JPMorgan and the Muni SMA Revolution
Dadong Yan
Head of Barings Portfolio Finance
Barings
Episode: Credit Crunch: Barings’ Yan on Outlook for Portfolio Finance
Chris Hodge
Chief Economist at Natixis
Natixis
Episode: Macro Matters: US Economic Outlook With Natixis’ Hodge
Mohammed Kazmi
Senior Credit Portfolio Manager and Strategist
Union Bancaire
Episode: Credit Crunch: New Fed Watch as Rates, Not Spreads Drive Credit
Shirley Wong
Phamatic Strategist
Asia Team, Bloomberg Intelligence
Episode: All Options Considered: Lessons From Korea’s ETF Volatility
Rena Kwok
Senior Credit Analyst
Asia Team, Bloomberg Intelligence
Episode: All Options Considered: Lessons From Korea’s ETF Volatility
Michael Goosay
CIO and Global Head of Fixed Income for Principal Asset Management
Principal Asset Management
Episode: Credit Crunch: Principal’s Goosay on Credit Relative Value Setup

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 166 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.

Macro Matters: Mariner CIO E.G. Fisher on Liquidity and Credit
Q: How do you view the potential tools the Fed or Treasury could use to alleviate funding stress without traditional QE?
Tools like lending the TGA cash or shifting issuance structure could help easing funding stress modestly, but there are limits to what can be done; the bigger challenge is the ongoing debt load and the balance of short-term vs long-term issuance.
Macro Matters: Mariner CIO E.G. Fisher on Liquidity and Credit
Q: What are the two aspects of liquidity you consider, and how do you see current liquidity and funding conditions evolving?
There is liquidity in the marketplace (bid-offer depth) and liquidity in the funding markets (availability and cost of dollars). They are both important, with market liquidity currently strong but funding liquidity likely to tighten as the Fed shrinks its balance sheet and as year-end dynamics unfold.
Macro Matters: Mariner CIO E.G. Fisher on Liquidity and Credit
Q: Tell us what Mariner does, what types of assets you manage and your role there.
Mariner is a 33-year-old alternative investment manager with about $10 billion under management, focusing on fixed income arbitrage across mortgages, rates, and credit in multiple regions, using long-short and relative value strategies to capture alpha from mispricings and flows.
Credit Crunch: New Fed Watch as Rates, Not Spreads Drive Credit
Q: Given volatility in rates, how advisable is it to talk about selling holdings when rates are still elevated?
Given the balance-sheet gradualism and the need to fund deficits, it's better to construct portfolios that emphasize carry and diversification rather than attempting to time major sales, while watching for policy signals and market liquidity.
Credit Crunch: New Fed Watch as Rates, Not Spreads Drive Credit
Q: What do you see as the impact on portfolio positioning in global credit and fixed income with the new Fed chair?
The end of forward guidance implies more volatile rates; investors should focus on data-driven positioning, considering a gradual balance-sheet path, and holistic inflation measures rather than chasing single indicators.

Audience Metrics

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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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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 603 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. EG Fisher
2. Paul Jacobson
3. Dan Freise
4. Dadong Yan
5. Chris Hodge
6. Mohammed Kazmi
7. Shirley Wong
8. Rena Kwok

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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