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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.

Understanding changes to JGB issuance and BoJ incentive deposit schemes

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects the key points to follow in Japanese politics, the MoF’s plans for JGB issuance, the BoJ’s monetary operations and JPY flow of funds for the first half of 2022. 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.

2022 Macro2Markets Outlook

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves briefly goes over his recently published 2022 Macro2Markets outlook report, where he provides the topics covered in the report and goes into his macro framework for the year ahead. On the more tactical side, George also gives us his latest list of factors that he will be watching for in the early days of 2022.

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

Will Japanese investor appetite for U.S. bonds continue to grow in 2022?

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects the results of the BoJ’s December meeting as well as Japan stock, JGB, and foreign bond flows in November, while looking ahead to Japanese investors’ U.S. bond flows in 2022, based on USTIC and BoP 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.

December FOMC Preview: Heading into a Catch-22?

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves provides his view on the upcoming and last FOMC meeting of 2021. As our title suggests, the Fed could be heading into a Catch-22 in 2022, where the challenge now is that financial conditions and market sentiment linked to it are so intertwined with the Fed’s balance-sheet. Thus as the Fed tapers faster and pulls forward hikes in 2022, the give and take between rates and financial conditions more broadly will likely dictate how far and how high the Fed can lift rates before materially impacting markets to the downside.

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

Omicron weighs on Tankan and the BoJ while Lifers show clear signs of recovery

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the December BoJ Tankan survey, the upcoming BoJ December meeting, and first half fiscal year 2021 life insurance company earnings. 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.

2021 Japanese financial markets in review, and what to expect in 2022

In today's episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the 2021 year in review and his outlook for 2022, as well as near-term monetary supply and fiscal fund supply and demand dynamics. 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.

Omicron variants of Japanese fiscal stimulus

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the revisions to the FY21 JGB issuance plans and implications for JPY rates as well as cross-border flow information from recently released September TIC 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.

Cross-Border discussions: The latest on fiscal and CB policy views from Japan and the U.S.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido and MUFG Head of U.S. Macro Strategy George Goncalves discuss the latest on fiscal and cross-border policy views from Japan and the U.S. and what to expect ahead.

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

The path into year-end

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves recaps what has amounted to one of the most interesting years in the bond markets. He also reminds us that the year is not over, and there are more key fiscal, Fed, and economic events ahead that could still result in even more interesting twists and turns in markets.

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

Recapping COP26: Implications of the Glasgow Climate Pact?

In today’s episode, Tobi Petrocelli, MUFG Head of Environmental and Sustainability Management and Hailey Orr, MUFG Capital Markets Strategist discuss several key outcomes from COP26, the importance of the Glasgow Climate Pact, and how agreements and negotiations stacked up against expectations going into the conference.

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.