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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.

September FOMC Preview Thoughts And More…

The bond markets have been in one of the tightest ranges in recent history, meanwhile volatility is starting to pick up as markets respond to global events and policy challenges in the U.S. In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves shares his views on how all this might impact the U.S. bond markets and what to expect at the upcoming FOMC meeting.

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

A review of recent cross-border investment flows in and out of Japan

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido examines cross-border investment activity in July and discusses the BoJ’s financial stability report. 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 Liberal Democratic Party leadership race heats up

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido examines implications for monetary and fiscal policy as they pertain to JGB and JPY basis. 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.

A Special Cross-Border Discussion: U.S. and Japan at a critical juncture in September?

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido and Head of U.S. Macro Strategy George Goncalves share their views on the U.S. and JPY bond markets, the Fed’s policy stance, and Japanese political and fiscal risks (as well as the U.S. debt ceiling) from a cross-border New York and Tokyo markets perspective.

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

Are we in a housing bubble?

In this episode, Glenn Schultz, MUFG Head of Agency Mortgage Prepayment Modeling and Strategy, discusses home price appreciation and whether we are in a housing bubble. He also explains the framework for his analysis as well as the anatomy of a bubble.

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

A new fiscal year brings changes to Japanese investor activity in foreign markets

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido examines recent changes to BoJ and NY Fed monetary operations as well as discusses insights into Japanese investor activity in foreign markets from Japanese Ministry of Finance Balance of Payment data and the U.S. Treasury TIC data releases. 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.

FOMC Minutes Preview and Jackson Hole Thoughts

George Goncalves, MUFG Head of U.S. Macro Strategy, discusses the false breakout in yields into the Treasury auctions last week, characterizing them as just another supply concession setup. Given that the rates market failed to continue its rise up in rates, George remains neutral until we hear from the Fed.

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

Burnout is here

In this episode, Glenn Schultz, MUFG Head of Agency Prepayment Modeling and Strategy, discusses the burnout manifesting in prepayment rates across the coupon stack. He also discusses high SATO borrowers, and what prepayment surprise we may see from this borrower base.

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

July CPI and 10yr Auction Preview

George Goncalves, MUFG Head of U.S. Macro Strategy, walks us through what looks like a potential double-bottom in long-term rates and a turn higher from here, where markets will then focus on how the Fed delivers its taper plans.

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

Is Japanese foreign direct investing the key to foreign investor demand for JGBs?

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects the BoJ’s monetary operations in July, the MoF’s outlook for JGB issuances in August/September, and USDJPY basis JGB arbitrage trading among foreigners. 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

The podcast content above is being provided for educational and informational purposes only. The information and comments are not the views or opinions of MUFG Union Bank, its subsidiaries or affiliates. Please consult your attorney, accountant or tax or financial advisor with regard to your particular situation.