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Artwork for FICC Focus
Interest Rates
Private Credit
Inflation
Federal Reserve
Emerging Markets
Distressed Debt
Tariffs
Credit Markets
Fiscal Policy
Private Equity
Municipal Bonds
Bloomberg Intelligence
Monetary Policy
US Dollar
Commercial Real Estate
Clos
US Economy
Credit Market
Euro-Dollar
Corporate Bonds

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

PublishesDailyEpisodes544Founded5 years ago
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Artwork for FICC Focus

Latest Episodes

New York’s shifting political environment has significant implications for the city’s finances and municipal bond portfolios. In this episode of the Masters of the Muniverse podcast, Pat Luby, head of municipal research and senior municipal strategis... more

Funding markets have remained remarkably calm even as investors continue to debate risks around Federal Reserve balance-sheet policy and the outlook for repo. Jerome Schneider, managing director at Pimco and head of short-term portfolio management an... more

Creditors are returning to emerging market fixed income as supply-demand technicals are supportive, rating momentum is positive and real-yield differentials are wide. Thys Louw, emerging market fixed income portfolio manager at Ninety One, joins Dami... more

“The market reaction has been very measured. Spreads have clearly moved in response to changes in fiscal outlooks and ratings,” says Patrick Drum, Saturna Capital’s fixed-income lead and portfolio manager, discussing the impact of current events in t... more

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Recent Guests

Manuel Schoeffler
Head of High Yield at Deka Investments Frankfurt
Deka Investments
Episode: Credit Crunch: Investor Survey 2Q - Iran, Rates, Dollar vs. Euro
Alvaro Aguirre
Partner at Jon F Weber & Co
Jon F Weber & Co
Episode: State of Distressed Debt: Weber, Aguirre on Attaining Owner DNA
Vincent Reinhart
Chief Economist for BNY Investments
BNY Investments
Episode: Macro Matters: Fed Past & Future with BNY's Reinhart
Dan Hanson
Chief UK Economist
Bloomberg Economics
Episode: FX Moment: Iran War Shift First Step Out of Sterling Bear Cycle
Rod Chadehumbe
Asset-backed security strategist
Bloomberg Intelligence
Episode: Macro Matters: The Auto ABS Landscape With BI’s Chadehumbe
Edward Fishman
Author of Chokepoints, American Power in the Age of American Warfare; Senior Fellow at the Council on Foreign Relations
Council on Foreign Relations / Chokepoints author
Episode: All Options Considered: Iran War, Hormuz and Market Tails
John McClain
Global Co-Head of High Yield and Bank Loans, Goldman Sachs
Goldman Sachs
Episode: Credit Crunch: GSAM’s McClain on High Yield Risks, Resilience
Zia Uddin
President of Monroe Capital and CEO of the Monroe Capital Enhanced Corporate Lending Fund (MLend)
Monroe Capital
Episode: Credit Crunch: Monroe’s Uddin on Software, Middle-Market Lending
Michael McKee
International Economics and Policy Correspondent
Bloomberg News
Episode: Macro Matters: Fed Communications With Bloomberg’s Mike McKee

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

4.7 out of 5 stars from 151 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 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.

FX Moment: Iran War Shift First Step Out of Sterling Bear Cycle
Q: How does the political backdrop, including local elections and EU relations, feed into sterling and fiscal policy?
Politics shape domestic economics through fiscal policy and the stance of the government; closer EU ties could provide some upside for sterling, but the impact is limited unless there is a broader policy shift such as significant closer integration with the EU.
FX Moment: Iran War Shift First Step Out of Sterling Bear Cycle
Q: What is your view on the UK growth outlook given energy costs and the current price path?
Growth looks cyclical and weaker this year than previously expected, with potential for a partial rebound next year if energy prices move back toward pre-war levels, along with disinflation that could allow inflation to undershoot targets temporarily.
Credit Crunch: Investor Survey 2Q - Iran, Rates, Dollar vs. Euro
Q: What do you think will be the returns in the next quarter?
The majority view across respondents is slightly positive to positive, supported by expectations of a ceasefire and a stabilizing rate environment, though flows and spreads remain a concern.
All Options Considered: Iran War, Hormuz and Market Tails
Q: So at the highest level, does it feel to you like the objective of this conflict is evolving?
Edward explains that there wasn't a single clear war aim from the start, with discussions around regime change and then a shift toward keeping the regime but restricting nuclear capabilities; the current priority appears to be reopening the Strait and preventing a protracted disruption, with additional discussion of possible ground actions depending on strategic calculations.
Credit Crunch: GSAM’s McClain on High Yield Risks, Resilience
Q: What is your view on policy direction and the Fed path, and how does that feed into your investment stance?
He notes that policy signals a balanced approach to front-end rates with a limited case for aggressive cuts, but that the market is focused on when the next move will be a cut rather than a hike, highlighting the importance of narrative and market pricing in timing credit allocations.

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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. 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 544 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. Manuel Schoeffler
2. Alvaro Aguirre
3. Vincent Reinhart
4. Dan Hanson
5. Rod Chadehumbe
6. Edward Fishman
7. John McClain
8. Zia Uddin

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