At Any Rate

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

Global Commodities: Agri market globetrotting, outlook and risks ahead
Jun 6, 2025 – 08:22
Global FX: The dollar, ECB, Treasury manipulator report and the 2H’25 outlook for EM FX
Jun 6, 2025 – 15:09
EM Fixed Income: EM outlook for 2H25
Jun 6, 2025 – 27:28
Global Rates: European rates market topics: The ECB, cross currency basis and €-SSA markets
Jun 6, 2025 – 16:14
Asia Cross Asset: What's going on in JGBs?
Jun 5, 2025 – 26:16
Global Commodities: Are oil prices $10 too low or $20 too high?
May 30, 2025 – 10:08
Global FX: Talking through the tariff rulings, payrolls and fiscal threads
May 30, 2025 – 17:26
Global Rates: ECB preview and long end curve thoughts
May 30, 2025 – 12:06
EM Fixed Income Focus: Even the uncertainty has uncertainty
May 30, 2025 – 21:33
Global FX & Global Rates: Term premia rising: implications for rates and FX
May 23, 2025 – 26:43
Global Rates: Scandinavian interest rate update
May 23, 2025 – 12:38
US Rates: SLR reform: Helpful, but not a panacea
May 21, 2025 – 13:25
Global Rates: Analysing Eurex and US futures roll
May 19, 2025 – 12:39
Global FX: FX after the tariff reset
May 16, 2025 – 14:59
Global Commodities: Base metals are back from the brink but not fully in the clear
May 16, 2025 – 15:17
EM Fixed Income Focus: Trading the trade war ceasefire
May 15, 2025 – 15:25
Fixed Income: The US-China Détente: Implications for Asia
May 14, 2025 – 27:58
US Rates – Deal or no deal?
May 9, 2025 – 15:05
Global FX: Historic trade deals and take-aways for currencies
May 9, 2025 – 20:31
Global Rates: European rates market round-up
May 9, 2025 – 18:30
Global Commodities: Hypothetically, of course. Redirecting just 0.5% of foreign US asset holdings to gold could drive prices to $6,000
May 9, 2025 – 13:00
TWD / Asian FX gains and equity implications
May 8, 2025 – 26:54
US Rates and Global FX: Ask again later
May 2, 2025 – 26:04
Global FX: Late-week shocker jolts FX
May 2, 2025 – 19:58
Global Commodities: Behind the curve
May 2, 2025 – 13:07
EM Fixed Income: Lessons learned from post Liberation Day markets
May 1, 2025 – 19:05
Takeaways from IMF/WB Meeting
Apr 28, 2025 – 29:35
Global Commodities: Geneva Sugar Takeaways, and other sweet treats
Apr 25, 2025 – 11:22
Global FX: 1.20 on EUR/USD and euro bloc + model take-aways
Apr 25, 2025 – 15:55
Global Commodities: Making black gold dirt-cheap again
Apr 17, 2025 – 14:32
Global Commodities: So much noise in the US natural gas market
Apr 11, 2025 – 09:28
Global FX: What has and hasn’t changed in FX after a volatile week
Apr 11, 2025 – 17:33
US Rates – There’s no crying in basis
Apr 10, 2025 – 22:47
Asia post-Liberation Day
Apr 10, 2025 – 21:56
Global Commodities: Recession concerns confirmed
Apr 4, 2025 – 08:36
Global FX: The outlook for G10 and EM FX post-tariff announcements
Apr 4, 2025 – 23:00
Global Rates: European rates and Tariff Top Trumps
Apr 4, 2025 – 12:13
US Rates - Signal and noise
Mar 31, 2025 – 10:15
Global FX: Liberation Day Q&A for currencies
Mar 28, 2025 – 24:25
Global Commodities: Gold higher still. Is $4,000 in the cards?
Mar 28, 2025 – 16:44
Global Rates: Tariffs, issuance, and fiscal drivers
Mar 28, 2025 – 18:35
EM Fixed Income Focus: On tariff watch, again
Mar 27, 2025 – 20:26
Emerging Markets: The EM Fixed Income Sustainable Debt Asset Class
Mar 24, 2025 – 28:12
Global Rates – Discussing the divergent drivers of US and EUR breakevens
Mar 21, 2025 – 11:23
Global FX: What to expect when you are expecting tariffs (again)
Mar 21, 2025 – 24:26
EM Fixed Income: Monetary policy struggles to be heard above the noise
Mar 21, 2025 – 17:02
Global Commodities: Oil vigilantes in action
Mar 21, 2025 – 12:14
US Rates: Loonie Tunes
Mar 18, 2025 – 09:37
Global FX: Traversing the USD tariff smile
Mar 14, 2025 – 23:21
Global Rates: Where next for European rate markets?
Mar 14, 2025 – 21:28

Recent Reviews

Rm77410

Great content, terrible audio

Please invest in a better audio recording setup!
Mohan 1234

Mohan

One of best podcasts on macro.
Interested bystander

Great content and poor sound

Sound and voice recording are bargain basement. Purchase better mics and invest in better recording equipment.
Gman2989

Audio quality poor

This podcast spins like it was recorded underwater by a Motorola Razr phone!
MSavola

Volatility Risk and U.S. Presidential Election

Josh Younger, Henry St. John, Khagendra Gupta, Ladislav Jankovic, Bram Kaplan, and Pavan Talreja all provide a helpful context for thinking about current market conditions in the options, FX, and rates markets, and the implied pricing, leading up to the November 2020 election. Thank you.