Macro Matters: Who Benefits From Defense Burden-Sharing?
Defense burden-sharing among US allies is a cornerstone of President Donald Trump’s international agenda, but has been overshadowed by tariff discussions. On this Macro Matters edition of the FICC Focus podcast series, George Ferguson, senior aerospace/defense & airline analyst at Bloomberg Intelligence, joins host and BI chief interest-rate strategist Ira Jersey to discuss shifts in defense spending and weapon systems. They also examine how spending may shift based on proximity to threats. Ferguson assesses the companies that may benefit from these increased outlays, and some of the challenges in fulfilling orders.
The Macro Matters podcast is part of BI’s FICC Focus series.
Significant Risk Transfers or SRTs have been a crucial part of balance sheet management for banks and an attractive investment class within private credit for credit investors looking for alternatives to public credit markets. Demystifying SRTs and understanding the process and evaluation of these assets is crucial for credit investors. In this episode of the Credit Crunch podcast, Mahesh Bhimalingam, Global Head of Credit Strategy at Bloomberg Intelligence hosts an investor, Matthew Moniot, Head of Credit Risk Sharing at ManGroup and a seller, James Plunkett, Head of Capital and Risk Distribution at Natwest along with Lento Tang, Senior Bank Analyst who has published a survey on SRTs, in a highly informative podcast.
The Credit Crunch podcast is part of BI’s FICC Focus series. Listen on Apple Podcasts and Spotify
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All Options Considered: Perception of UK's Outlook vs. Reality
The perception of the UK economic outlook on a macro level may be perceived to be negative through the lens of social media. In this edition of the All Options Considered podcast, BI chief global derivatives Strategist Tanvir Sandhu is joined by Dan Hanson, chief UK economist at Bloomberg Economics to discuss the state of the economy, bond market volatility and the fiscal outlook.
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Credit Crunch: Palmer’s Bloomfield on Traditional, Static CLOs
“So it’s a tough situation when you’re managing a spread-based portfolio, like a CLO. And obviously we don’t have the luxury of tightening the spreads on the liability side,” says Matt Bloomfield, partner at Palmer Square and president of Palmer Square Capital BDC, when discussing the current pace of re-pricings across the leveraged loan market. Bloomfield joins Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast to talk about traditional and static CLOs, a less-conventional approach to business development companies and Palmer’s roots in opportunistic credit. They also discuss relative value and the current credit landscape, the advantages of scale, diversification and leverage.
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International Rates Alpha With Invesco’s Baijal: Macro Matters
The future of the dollar is dictated by the large overhang of unhedged dollar assets, says Hemant Baijal, head of macro alpha strategies at Invesco. Baijal joins Ira Jersey, Bloomberg Intelligence’s head of US interest-rate strategy, and Will Hoffman, BI’s senior US and Canada rates-strategy associate, on this episode of the Macro Matters podcast to discuss the world of international bond funds. They cover strategic approaches to managing global rates, credit and FX risks, and how those have shifted in recent months. They also explore relative value across nominal and inflation-linked curves.
The Macro Matters podcast is part of BI’s FICC Focus series.
Ireland