The MUFG Global Markets Podcast
What’s behind recent USD weakness? The Global Markets FX Week Ahead Podcast

What’s behind recent USD weakness? The Global Markets FX Week Ahead Podcast

October 22, 2021

It has been a bad week for the USD. Lee Hardman, Currency Analyst, and Michael Owen, MUFG’s Head of Global Client desk for EMEA in London, discuss what has been driving the USD weaker and what to expect from the BoC and ECB at next week’s policy meetings.

Will the BoC and ECB push back against rate hike expectations? Listen to the podcast for more insights.


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Winners and losers from the surge in commodities and higher rates: The MUFG Global Markets Podcast

Winners and losers from the surge in commodities and higher rates: The MUFG Global Markets Podcast

October 22, 2021

The parabolic acceleration in commodity prices, as well as the broadening and deepening monetary policy normalisation, are the two core macro developments currently confronting emerging markets.

In this week’s podcast, Ehsan Khoman, Head of Emerging Markets Research (EMEA), discusses the exposure of emerging markets to higher commodity prices as well as rising interest rates, and offers his insights as to which economies are best placed to gain, to lose and muddle through over the near to medium-term.


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Expectations for U.S. Mandatory ESG Disclosure: The MUFG Global Markets Pocast

Expectations for U.S. Mandatory ESG Disclosure: The MUFG Global Markets Pocast

October 21, 2021

In today’s episode, Hailey Orr, MUFG Capital Markets Strategist, and Tobi Petrocelli, MUFG Head of Environmental and Sustainability Management, discuss recent ESG developments and expectations for mandatory disclosure standards in the U.S. and implications for U.S. companies and their banking partners.</p


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The tale of two yield curves and more…: The MUFG Global Markets Podcast

The tale of two yield curves and more…: The MUFG Global Markets Podcast

October 20, 2021

In today’s episode, Head of U.S. Macro Strategy George Goncalves reviews his latest piece from the Global Markets Monthly as well as discusses the latest developments on the yield curve and short-term interest rate markets.


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Cross-border flows drive the Yen lower ahead of Lower House Election campaigning: The MUFG Global Markets Podcast

Cross-border flows drive the Yen lower ahead of Lower House Election campaigning: The MUFG Global Markets Podcast

October 19, 2021

So far in October, the number of daily new COVID-19 infections has declined, and on October 14, Prime Minister Fumio Kishida dissolved the Lower House. Campaigning has begun ahead of the General Election on October 31. Both the ruling and opposition parties promise subsidies and tax cuts. JPY rates are trending upward, and Japanese investors are causing JPY basis to widen. USDJPY has risen, pushed upward primarily by rising oil prices.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses September and October securities investing flows in the wake of the Lower House dissolution and ahead of the general elections. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.


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What does the global equity market rebound mean for the USD and EM currencies? The Global Markets FX Week Ahead Podcast

What does the global equity market rebound mean for the USD and EM currencies? The Global Markets FX Week Ahead Podcast

October 15, 2021

The market shifted back from stagflation towards reflation this week and saw strong performances from AUD, NZD, NOK and CAD but how does this impact the USD? And what’s happening with the JPY and TRY?

Lee Hardman, Currency Analyst, discusses the past week with Simon Mayes, Director of MUFG’s Global Customer Marketing Group for EMEA in London and gives his outlook for the week ahead, watching in particular for key data releases from China.


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Prepayment outlook for a cooling housing market: The MUFG Global Markets Podcas

Prepayment outlook for a cooling housing market: The MUFG Global Markets Podcas

October 15, 2021

In this episode, Glenn Schultz, MUFG Head of Agency Mortgage Prepayment Modeling and Strategy, discusses pending and existing home sales and how this gives us a glimpse into prepayment speeds. He also goes over what is driving the turnover rate higher than model assumptions.


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Stagflation apprehensions across emerging markets: The MUFG Global Markets Podcast

Stagflation apprehensions across emerging markets: The MUFG Global Markets Podcast

October 15, 2021

The growth-inflation nexus is deteriorating precipitously for emerging markets. Risk sentiment across EMs has been on a rollercoaster ride for months, faced with a myriad of challenges such as continued COVID-19 headwinds and variants, downside growth risks, rising inflation and inflation volatility, a less supportive global liquidity backdrop, the looming tapering of asset purchases by developed market central banks, regulatory tightening in China, a resurgent US dollar, a spike in energy prices and a leg up in core bond yields.

Ehsan Khoman, Head of Emerging Markets Research (EMEA), believes that the fear of stagflation – portmanteau of slowing growth and rising inflation – will increasingly move front of mind for emerging market investors, with volatility likely staying elevated until year-end.


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Move over transitory, episodic inflation driving rates up…: The MUFG Global Markets Podcast

Move over transitory, episodic inflation driving rates up…: The MUFG Global Markets Podcast

October 13, 2021

In today's episode, MUFG Head of U.S. Macro Strategy George Goncalves gives us a brief update on the various factors that have been driving up rates over the last 2 weeks and how the narrative on inflation, episodic or not, is now also leading to some twisting of the yield curves, too.


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Was the U.S. jobs report strong enough to keep the Fed on track to commence QE tapering? The Global Markets FX Week Ahead Podcast

Was the U.S. jobs report strong enough to keep the Fed on track to commence QE tapering? The Global Markets FX Week Ahead Podcast

October 8, 2021

On the back of weaker-than-expected U.S. payrolls this week, can we expect the Fed to announce the start of tapering in November asks Derek Halpenny, Head of Research Global Markets EMEA and International Securities, in conversation with Michael Owen, MUFG’s Head of Global Client desk for EMEA in London. What does today’s data mean for the US dollar going forward?

Looking ahead, Derek also gives his outlook for the ECB Conference on Monetary Policy and updates listeners on MUFG Research trade ideas.


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