Providing Market Insights to C-Suite Executives
Exemplifying MUFG’s commitment to clients as a trusted advisor, MUFG’s Capital Markets Strategy team provides C-suite executives (Board, CEO, CFO, Treasury) insights to anticipate, understand, and respond to important global market, economic and policy developments.
Unlike traditional Wall Street research, MUFG’s Capital Markets Strategy team maintains a dedicated focus on the needs of corporate clients, analyzing key themes that impact business strategy, funding and hedging.
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For more information, contact us.
Tom Joyce
Managing Director
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Stephanie Kendal
Vice President
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Angela Sun
Analyst
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Market Publications
Date | Title | Link |
---|---|---|
10/10/2024 | Inflation Progress Slows on Uneven Path | Learn More |
10/09/2024 | Volatile “Betting Markets” Swing Back To Trump | Learn More |
10/06/2024 | T-30 Days ('October Surprises') | Learn More |
10/04/2024 | Global Markets Through the End of Q3, 2024 | Learn More |
10/02/2024 | Full Year of Issuance in Just 9 Months | Learn More |
10/01/2024 | Going into the VP Debate (T-35 Days) | Learn More |
09/30/2024 | Notable 2024 USD IG Issuance Milestones | Learn More |
09/27/2024 | Among the Strongest US Economic Recoveries on Record | Learn More |
09/26/2024 | 8 Notable Observations on Post-Election US Dollar Policy | Learn More |
09/23/2024 | Observations on the Fed’s Outsized 50 bps Rate Cut | Learn More |
09/16/2024 | T-50 Days | Learn More |
09/12/2024 | Misery Index Not So Miserable | Learn More |
09/11/2024 | Higher Than Expected Core CPI Clarifies Path for Next Week's FOMC Meeting | Learn More |
09/10/2024 | Debates Can Matter | Learn More |
09/08/2024 | Historic Post-Labor Day IG Issuance | Learn More |
09/07/2024 | Resurgent “Scale & Scope” Megadeal Activity | Learn More |
09/06/2024 | Active USD HY Issuance Breaks through $200 bn Threshold (+86% YTD) | Learn More |
09/05/2024 | USD HY Market Not Pricing a US Recession | Learn More |
09/04/2024 | Historic Labor Day Tuesday for IG Dollar Issuance | Learn More |
09/03/2024 | Probability of US Recession Over Next 12 Months | Learn More |
08/28/2024 | 8 Sequential Months of USD IG Issuance > $100 bn in 2024 YTD (New Milestone) | Learn More |
08/27/2024 | Bullish Curve Flattening Common Before US Elections | Learn More |
08/23/2024 | Frowns & Smiles Going into Jackson Hole | Learn More |
08/22/2024 | T-75 Days | Learn More |
08/20/2024 | Q2 Earnings Tilt Toward “Soft Landing” Narrative | Learn More |
08/16/2024 | Strategic M&A Deal Valuations Normalizing | Learn More |
08/15/2024 | Fortified Cash-Rich Balance Sheets & Abundant Global Capital | Learn More |
08/14/2024 | U.S. Inflation Drops Below 3%, Down From 9.1% Peak 2 Years Ago | Learn More |
08/02/2024 | Technology Trends in 2024 | Learn More |
07/31/2024 | Enhanced US Antitrust Merger Guidelines | Learn More |
07/29/2024 | Mid-Summer Meetings | Learn More |
07/28/2024 | T-100 Days | Learn More |
07/25/2024 | Fastest $1 Trillion USD IG Issuance Year (ex 2020) | Learn More |
07/24/2024 | Geographical Footprint of Vice Presidential Nominee May Matter More This Time | Learn More |
07/23/2024 | Bond Market Complacency is Unlikely to Last | Learn More |
07/20/2024 | Three Weeks that Reset the US Presidential Election Race | Learn More |
07/18/2024 | Disconnect Between Market & Deal Activity Should Rebalance | Learn More |
07/12/2024 | September Coming Into View | Learn More |
07/11/2024 | First Post-COVID M/M Inflation Decline | Learn More |
07/09/2024 | Sounding the Sahm | Learn More |
07/08/2024 | The French Election, Fiscal Discipline, and the US Treasury Market | Learn More |
07/03/2024 | Betting Markets Rapidly Repricing Biden Probabilities | Learn More |
07/02/2024 | 1H 2024 Global M&A Volumes Indicate Early Innings of M&A Recovery | Learn More |
06/27/2024 | Americans View Both Candidates Unfavorably | Learn More |
06/20/2024 | Neither Trump Nor Biden Are Bond Market Friendly | Learn More |
06/19/2024 | Higher Structural US Deficits Will be Difficult to Reduce | Learn More |
06/18/2024 | Asynchronous Global Economic Recovery | Learn More |
06/17/2024 | The Fed Updates its Forecasts Every 3 Months | Learn More |
06/12/2024 | US Inflation Softens Below Forecasts in May | Learn More |
06/10/2024 | Unconventional Central Bank Sequencing | Learn More |
06/07/2024 | 'Soft Landing' for US Labor Markets | Learn More |
06/06/2024 | USD Debt Issuance Well Above Pre-COVID Pace | Learn More |
06/05/2024 | Drivers of US Consumer Downshift in 2H 2024 | Learn More |
06/04/2024 | Megadeals Drive M&A Rebound | Learn More |
05/29/2024 | New Era of Higher Term Premia | Learn More |
05/28/2024 | Notable Shift in US Treasury Market Ownership | Learn More |
05/23/2024 | $10 Tn of UST Issuance Over the Next 12 Months | Learn More |
05/21/2024 | Credit Risk Represents a Smaller Portion of Funding Costs | Learn More |
05/20/2024 | Equity Risk Premium Lowest in Over 20 Years | Learn More |
05/19/2024 | Taiwan's Perception of China | Learn More |
05/18/2024 | Highest US Yield Differential - USD Index Correlation Since 1988 | Learn More |
05/17/2024 | Policy Easing Typically Precedes the Recession | Learn More |
05/16/2024 | President Biden’s Election Year China Tariffs | Learn More |
05/15/2024 | US Inflation Decelerates in April After 3 Months of Upside Surprises | Learn More |
05/12/2024 | Global Military Spending Rising in New Era of Higher Geopolitical Risk | Learn More |
05/11/2024 | Rising Cross-Border Trade Restrictions | Learn More |
05/10/2024 | Normalizing Global Policy Rates | Learn More |
05/08/2024 | Tightening the Noose on Export & Licensing Restrictions | Learn More |
05/06/2024 | The US Election & Federal Reserve Independence | Learn More |
05/01/2024 | Longest 2s-10s Yield Curve Inversion Since the 1970s | Learn More |
04/29/2024 | Look at the Trimmed Mean | Learn More |
04/25/2024 | Grappling with 2 Year UST Yields Back at 5% | Learn More |
04/24/2024 | Breaking Down the Global M&A Rebound in Q1 2024 | Learn More |
04/23/2024 | Global M&A Rebounds in Q1 2024 | Learn More |
04/20/2024 | Key Election Issues Driving Voters in US Swing States | Learn More |
04/19/2024 | The World’s Largest Democracy Goes to the Polls | Learn More |
04/17/2024 | Oil's Impact on Consumer 'Perceptions' of Inflation | Learn More |
04/16/2024 | Sizing Geopolitical Risk Premium | Learn More |
04/15/2024 | US-German Rate Differentials at 5 Year Wides, Yen at 34 Year Lows | Learn More |
04/10/2024 | Higher than Anticipated Inflation Pushes First Fed Rate Cut Out to Q3 (near US election) | Learn More |
04/09/2024 | Spreads Don’t Like Volatility but Can Stay Low for Long | Learn More |
04/08/2024 | The Bears May Need Some Honey | Learn More |
04/04/2024 | USD Corporate Credit Outperformed in Q1 | Learn More |
04/03/2024 | Corporate Credit Offering 'Generational' Yield Opportunity | Learn More |
04/01/2024 | Markets in Q1 2024 | Learn More |
03/07/2024 | When Monetary Policy Pivots & Election Cycles Converge | Learn More |
01/15/2024 | The Next 50 Days in Washington | Learn More |
01/12/2024 | Elevated Geopolitical Risk in the Taiwan Strait | Learn More |
10/31/2023 | BOJ Takes Another Step Toward Policy Normalization | Learn More |
09/22/2023 | Hawkish Fed Pause Drives U.S. Rates to 17 Year Highs | Learn More |
05/25/2023 | Fitch Places United States' 'AAA' on "Rating Watch" | Learn More |
05/16/2023 | Stakes Higher Markets More Sensitive Risk Lower | Learn More |
05/15/2023 | Viable and Non-Viable Options for US Debt Ceiling Resolution | Learn More |
05/08/2023 | Expectations from Washington on US Bank Sector Stress | Learn More |
04/06/2023 | The BOJ's Changing of the Guard | Learn More |
03/13/2023 | A Closer Look at Silicon Valley Bank | Learn More |
01/18/2023 | Downside and Upside Risks for 2023 | Learn More |
01/17/2023 | Summary Conclusions on the Fed and Inflation in 2023 | Learn More |
10/31/2022 | Legislative and Policy Implications of the US Midterm Elections | Learn More |
10/20/2022 | Services Inflation Remains the Primary Concern | Learn More |
8/15/2022 | Breaking down the $740 bn Inflation Reduction Act & the $280 bn CHIPS and Science Act | Learn more |
6/3/2022 | The EU's 6th Sanctions Package | Learn More |
5/13/2022 | Looking “Under the Hood” (The Transition from COVID to Conflict Inflation) | Learn more |
5/11/2022 | Detailed Inflation Breakdown by Category | Learn more |
5/5/2022 | Record Supply Side Delays Continue | Learn more |
3/22/2022 | SEC Issues Highly Anticipated Climate Disclosure Rule Proposal | Learn more |
3/7/2022 | Investors Incorporating Russia into ESG Agenda | Learn more |
2/28/2022 | Sanctioning the Central Bank of Russia (CBR) | Learn more |
2/26/2022 | Why the West is Hesitant to Deny Russia Access to SWIFT, and How that May Change | Learn more |
1/27/2022 | Labor Market Shortages | Learn more |
1/20/2022 | The Implications of De-Globalization | Learn more |
1/14/2022 | Key Risks to Watch in 2022 | Learn more |
Speaking Requests
- Corporate Board meetings
- CEO Executive Committee presentations
- Chief Financial Officer global finance team presentations
- Global treasury and town hall meetings
- Global leadership off-sites
- Trade association meetings
- Conferences
- Corporate dinners
- Private Equity partnership gatherings
- Private Equity portfolio company meetings
To request an event, please contact the Capital Markets Strategy Team directly at CMGStrategy@mufgsecurities.com
Team Bios
Tom Joyce Managing Director Capital Markets Strategist New York, NY Tom.Joyce@mufgsecurities.com |
Tom Joyce is a Managing Director and Capital Markets Strategist within MUFG’s global capital markets and investment banking business. Based in New York, Tom heads a team that creates customized analytical content for multi-national S&P 500 companies. His team provides in depth analysis on the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Tom has over 25 years of Investment Banking experience in New York, London, Hong Kong, and San Francisco. Over the last 15 years, Tom created and built the Capital Markets Strategy role, advising corporate C-Suite executives (Boards, CEOs, CFOs, and Treasurers) on the pervasive macro forces driving markets. Tom also presents at dozens of corporate events each year including Board meetings, CEO ExCo sessions, CFO and Treasury off-sites, corporate leadership events and conferences.
Tom’s educational background includes a year of study at Oxford University from 1991 - 1992, a Bachelor of Arts in Political Science from Holy Cross College in 1993, and a MBA from Kellogg Business School, Northwestern University in 2000.
Tom resides in New Canaan, CT with his wife and four sons, where he coaches youth basketball and serves on the Board of Trustees of the New Canaan Library, the Board of the New Canaan Football (Soccer) Club and the Holy Cross College President’s Council.
Stephanie Kendal Vice President Capital Markets Strategist New York, NY Stephanie.Kendal@mufgsecurities.com |
Stephanie Kendal is a Vice President in MUFG’s Capital Markets Strategy group within the global capital markets and investment banking business. The team provides market based content for corporate clients to assist in strategic decision making. Focus areas include the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Stephanie has spent over six years as a Capital Markets Strategist. She is an active member of the University of Michigan recruiting team and is focused on the diversity recruiting effort at MUFG. Stephanie is also a part of MUFG’s DEI, Culture & Philanthropy (DCP) Council.
Stephanie graduated with honors from the University of Michigan’s Ross School of Business with a BBA .
Stephanie is actively involved in NYC’s iMentor program, mentoring high school students with their journey to college graduation. She also volunteers at Experience Camps, a free summer camp program for grieving children.
Angela Sun Analyst Capital Markets Strategist New York, NY Angela.Sun@mufgsecurities.com |
Angela Sun is an Analyst in MUFG’s Capital Markets Strategy group within the global capital markets and investment banking business. The team provides market based content for corporate clients to assist in strategic decision making. Focus areas include the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Angela previously interned at MUFG working in Capital Markets within the Equity Capital Markets and Leveraged Finance divisions. She is also an active member of the Carnegie Mellon University recruiting team.
Angela graduated with honors from Carnegie Mellon University’s Tepper School of Business with a BS in Business Administration with an additional major in Statistics and a minor in Media Design. She was a member of Alpha Kappa Psi business fraternity and the Undergraduate Entrepreneurship Association.