At Any Rate

Apr 11 2025 100 ep. 17 mins 248
At Any Rate Podcast artwork

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

  Business
RSS feed Share
Copy RSS


Subscribe on Podcast Addict


Global Commodities: So much noise in the US natural gas market

Apr 11 2025 9 mins  
Changing dynamics of natural gas power generation demand are at play for summer 2025, while stronger production response is likely delayed to 2026. We expect up to 1.1 Bcf/day of gas-to-coal switching in summer 2025, however we flag risks of higher prices subject to weather risks and renewable availability. In 2026, we expect increase in production to alleviate such risks and push

Global FX: What has and hasn’t changed in FX after a volatile week

Apr 11 2025 17 mins  
Our Global FX Strategists debrief a volatile week for currency markets - including key takeaways on the policy front and what challenges still lie ahead from a global macro perspective. They also discuss the the details of the recent USD sell-off, as well as expectations for USD/CNH going forward. Speakers:Arindam Sandilya, Global FX StrategyPatrick Locke, Global FX StrategyJames

US Rates – There’s no crying in basis

Apr 10 2025 22 mins  
US Rates strategists Jay Barry, Srini Ramaswamy, Phoebe White, and Ipek Ozil discuss the historic volatility observed in US rates markets over the past week and its drivers. Treasury market liquidity deteriorated, and swap spreads narrowed sharply, but the cash/futures basis and repo rates were relatively stable. Speakers:Jay Barry, Head of Global Rates StrategySrini Ramaswamy, G

Asia post-Liberation Day

Apr 10 2025 21 mins  
In the debut Asia edition of the ‘At Any Rate’ podcast, Sajjid Chinoy and Arindam Sandilya discuss the outlook for EM Asia macro and markets in the wake of US reciprocal tariffs. Key topics discussed: How global economic views are evolving post-Liberation Day; channels of transmission to Asian growth and growth forecast changes Asian policymakers’ responses; policy tools dep

Global Commodities: Recession concerns confirmed

Apr 04 2025 8 mins  
During this commodities edition, Tracey discusses the implications of Liberation Day tariffs for agri markets and the outlook ahead. Speaker: Tracey Allen, Head of Agricultural Commodities Research This podcast was recorded on 4, April 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/re

Global FX: The outlook for G10 and EM FX post-tariff announcements

Apr 04 2025 23 mins  
In this week’s At Any Rate Podcasts, our strategists Meera Chandan, Saad Siddiqui and Patrick Locke discuss the outlooks for the broad dollar, G10 FX and EM FX following major tariff announcements and subsequent stress in risk markets. Speakers:Meera Chandan, Global FX StrategySaad Siddiqui, Emerging Markets ResearchPatrick Locke, Global FX Strategy This podcast was recorded

Global Rates: European rates and Tariff Top Trumps

Apr 04 2025 12 mins  
In this podcast, Francis Diamond, Aditya Chordia and Khagendra Gupta discuss their the reaction of European rates markets to the tariff announcement this week. This podcast was recorded on 04 April 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4949749-0 , https://ww

US Rates - Signal and noise

Mar 31 2025 10 mins  
Srini Ramaswamy and Ipek Ozil discuss the latest developments in US rates markets. Speakers: Srini Ramaswamy, Global Head of Rates Derivatives Strategy Ipek Ozil,Senior Derivative Strategist This podcast was recorded on March 31, 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/resear

Global FX: Liberation Day Q&A for currencies

Mar 28 2025 24 mins  
Arindam Sandilya, Meera Chandan and Patrick Locke discuss the outlook for currencies in the wake of the auto-sector tariffs and ahead of the big April 2nd tariff announcement by the US administration. Speakers:Arindam Sandilya, Global FX StrategyMeera Chandan, Global FX StrategyPatrick Locke, Global FX Strategy This podcast was recorded on 28 March 2025. This communication is

Global Commodities: Gold higher still. Is $4,000 in the cards?

Mar 28 2025 16 mins  
Freezing of Russian foreign assets has triggered a structural change in the demand for gold, and the shift in US foreign policy from Pax Americana to Pax Trumpiana has accelerated and broadened gold ownership. Traditionally, with large above-ground stocks of gold acting as a pool of supply, gold prices have been largely determined by the relative strength of demand. However, to mee