Global Markets Podcasts

In today’s episode, MUFG Head of Prepayment Modeling and Strategy Glenn Schultz reviews April’s prepayment data, issuance trends in the agency MBS market, and the Federal Reserve’s MBS portfolio run-off. He discusses how the confluence of the Federal Reserve’s interest rate policy, balance sheet run-off, and issuance and prepayment trends inform MUFG’s ‘old normal’ thesis for the agency MBS valuations and the current coupon spread.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the April BoJ Monetary Policy Board meeting and BoJ monetary operations, and also outlines the key points regarding JPY cross assets in May. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis.

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves discusses his FOMC preview for the upcoming May meeting. George believes the Fed cannot flip to dovish this soon, and thus this meeting will likely come across as hawkish as they announce QT and lift rates by 50bps, the first time since 2000.

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves provides an update on what has driven rates higher over the course of April. He also refreshes his view on the interplay of financial conditions, Fed’s QT, and how high short rates can ultimately go in the coming quarters.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido previews the April BoJ monetary policy board meeting. He also shares his outlook for Dollar/Yen, Yen rate, and Yen basis ahead of Japan’s “Golden Week” holiday.

In today’s episode, Leanne Rakowitz, MUFG Head of ESG Coverage in the Americas, and Amanda Kavanaugh, MUFG Head of Sustainable Finance in the Americas, discuss the importance of this year’s Earth Day theme “invest in our planet,” the global sustainability progress they’ve seen over the past year, and how evolving regulatory activity, trends, and investor interest will impact the market in the year ahead.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects U.S. bond investing flows based on the February USTIC data and discusses the attributes of Japan stock investing flows as reflected by JPX data and what to expect from the Kishida administration. He also shares his views on Dollar/Yen, Yen rate, and Yen basis.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects March securities investing flows, the balance between the MoF’s FY22 JGB issuance plans and the BoJ’s JGB buying plans, and the BoJ’s yield control tools. He also shares his views across Dollar/Yen, Yen rate, and Yen basis markets.

In today’s episode, Hailey Orr, MUFG Capital Markets Strategist, discusses her team’s new publication and implications for the global economy and markets.

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves shares some of his observations from public data (such as TIC and MOF data) on how investment flows historically have looked in and out of Japan for U.S. assets at the start of their fiscal new year (which just started in April). George also commented on recent Fed speeches that are mentioning that the Fed’s balance-sheet is poised to shrink much more quickly this time around, all of this happening ahead of the March FOMC minutes release. George ties all these developments to his macro views.