Skip to main content

In this regular podcast series, MUFG subject matter experts within our business discuss the forces, indications, and policies that impact the U.S. economy and financial markets, and provide updates to their economic outlooks and forecasts for the weeks, months, and years ahead.

Japanese and overseas investors compete for investment gold across borders as the Tokyo Olympic games come to a close

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews JPY rates, basis and USDJPY in July and previews the same for August. He also discusses cross border flows, the U.S. Fed’s policy response impact on JGBs, and shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

ESG's Acceleration: Credit Rating & Accounting Perspectives of ESG

In this episode, Hailey Orr, MUFG Capital Markets Strategist, and Todd Gray, MUFG Head of the Ratings Advisory Group, discuss how ratings agencies are incorporating ESG considerations into their analysis and what impact that could have on corporate ratings.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

July FOMC Preview

George Goncalves, MUFG Head of U.S. Macro Strategy, gives us his latest thoughts on the bond market and what to expect from the upcoming July FOMC meeting, and what may lie ahead as we enter the remaining weeks of the summer.
If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

Japan takes an early lead in the gold medal count at the Tokyo Olympics while Japanese and foreign investors compete in the investment arena

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses Japanese and foreign investor cross-border flows in June, as well as relative value of JPY bonds in USD terms. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

Do rates always overshoot before bottoms are formed?

George has been watching this market from the sidelines after having gone neutral duration in early July, choosing not to chase the rally but instead see how far it could go before reassessing his views. U.S. 10yr rates then went on to go beyond George’s bottom of his range (1.25%, the low he had penciled in for the 3rd quarter) and then snapped back in the last couple trading sessions. George views that as a healthy start in hopefully what will turn out to be a consolidation, the kind that will give the Fed a chance to taper.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

The BoJ’s ESG strategy, Asian investor buying of Agency MBS, and record foreign buying of JGBs ahead of the Tokyo Olympics

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the Bank of Japan’s climate change operations, the May U.S. TIC data, as well as the weekly MoF flow data. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

The BoJ moves to address climate change while Japanese investors cover foreign bond sales and foreigners accelerate Japanese bond purchases

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the BoJ’s efforts to address climate change through monetary operations and cross-border investment flows. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

Reconsidering USDJPY basis arbitrage in light of a more hawkish Fed and changes to the BoJ’s buying plans

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses JPY cross-asset triggers in light of recent developments as well as Japan political risk following the Tokyo Assembly elections. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

The Taper Road Map

In this episode, MUFG Head of U.S. Macro Strategy, George Goncalves, returns to recap, once again, what has felt like an unrelenting rally in long-term rates. He also previews what to look out for in the June FOMC minutes and more broadly what to expect from the Fed and economic data over the course of the third quarter.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

Japanese investors continue to buy foreign bonds in the wake of the June FOMC meeting, plus BoJ JPY interest rate incentive schemes and you

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the latest in Japanese and foreign investor cross-border flows, BoJ’s inaugural JPY interest rate incentivized deposit amount breakdowns, and JPY cross-currency arbitrage opportunities. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

If you can’t view the above media player, this podcast is also available on Apple Podcasts and Spotify.

Learn more

For more information,
contact us.

John Cooke
Head of Rates Sales, Americas
New York, NY
1-212-405-7353
John.Cooke@mufgsecurities.com

George Goncalves
Head of U.S. Macro Strategy
New York, NY
1-212-405-6687
George.Goncalves@mufgsecurities.com

Takahiro Sekido
Chief Japan Strategist
Tokyo, Japan
1-81-3-6214-4150
Takahiro_Sekido@mufg.jp

Glenn Schultz
Head of Agency Mortgage Prepayment Modeling and Strategy
Chicago, IL
1-212-405-6521
Glenn.Schultz@mufgsecurities.com