At Any Rate

US Rates - Cash continues to roll in

Fri, 10 Jul 2026 17:11:21 -0400

Ipek Ozil and Pankaj Vohra discuss some of the latest developments in funding.

Speakers
Ipek Ozil, Head, U.S. Interest Rate Derivatives Strategy
Pankaj Vohra, U.S. Short Duration Strategist

This podcast was recorded on July 10, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5363535-0 and https://www.jpmm.com/research/content/GPS-5361790-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Global Commodities: A sense of déjà vu

Fri, 10 Jul 2026 13:14:34 -0400

Just as markets embraced an open Strait of Hormuz, a sense of déjà vu has washed over the commodities world when vessels were attacked this week. At the same time, Russian refineries continue to be targeted by drones, copper is again consumed by tariff uncertainty and the gas situation in Europe is setting up for a difficult winter.

Speakers:

Otar Dgebuadze, European Natural Gas

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on July 10, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5359286-0, https://www.jpmm.com/research/content/GPS-5355846-0 and https://www.jpmm.com/research/content/GPS-5336739-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Keep calm and carry on

Fri, 10 Jul 2026 12:38:25 -0400

Arindam Sandilya, James Nelligan and Junya Tanase discuss the week in currencies.

This podcast was recorded on 10 July 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5360103-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Risk risk go away, come again another day

Thu, 09 Jul 2026 13:04:59 -0400

Anezka Christovova, Ben Ramsey and Michael Loh discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 09 July 2026.

Global FX: Payrolls prognosis, yen, GBP and HUF

Fri, 03 Jul 2026 12:16:03 -0400

The Global FX team discusses take-aways from a mixed employment report as well as the outlook for yen, GBP and EMEA EM with focus on HUF.

Speakers
Meera Chandan, Global FX Strategy
Arindam Sandilya, Global FX Strategy
James Nelligan, Global FX Strategy
Michael Harrison, Emerging Markets Strategy

This podcast was recorded on 02 July 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5351150-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Gold is back to Fed-watching

Thu, 02 Jul 2026 13:26:32 -0400

While oil continues to be a key story for commodities markets, gold has been gathering more attention lately. The initial optimism after the signing of the Memorandum of Understanding ran into a hawkish FOMC, severing the connection between energy prices and rates and leading us to reassess the key demand channels for the metal. In this episode, we discuss our updated expectations for gold’s recovery.

Speaker:

Greg Shearer, Head of Base and Precious Metals Strategy

Add disclosures when there is a related report (add date and GPS ID for the report)

This podcast was recorded on July 2, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5352313-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Seeking guidance into the second half

Wed, 01 Jul 2026 12:33:04 -0400

Anezka Christovova, Ben Ramsey and YM Hong discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 01 July 2026.

This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Right shock, wrong price

Fri, 26 Jun 2026 19:04:17 -0400

Oil prices extended losses this week as oil flows through Hormuz ramped up to over 50% of pre-war levels. Recent reported data also suggests that the market relied more on demand destruction, as opposed to inventories, for its rebalancing. This prompted us to reconsider our original assumptions and the price outlook for the rest of the year, which we discuss in this episode.

Speaker:

Natasha Kaneva, Head of Global Commodities Research

This podcast was recorded on June 26, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5320317-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

US Rates: Life, Liberty, and the pursuit of hawkishness

Fri, 26 Jun 2026 16:35:33 -0400

J.P. Morgan Rates strategists Jay Barry and Liam Wash discuss the current rates outlook, risks to the view, and what we can glean from past episodes of Fed mid-cycle hiking campaigns.

Speakers

Jay Barry - Head of Global Rates Strategy

Liam Wash – US Rates Strategy

This podcast was recorded on 26 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5348644-0

https://www.jpmm.com/research/content/GPS-5348215-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Mid-year outlook, amid a moving target backdrop

Fri, 26 Jun 2026 12:02:45 -0400

Anezka Christovova, Ben Ramsey and Tania Escobedo discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 26 June 2026.

Global FX: Mid-Year Outlook pushbacks, payrolls, CNY, GBP

Fri, 26 Jun 2026 11:08:39 -0400

This week, our Global FX Strategists respond to clients’ FAQs following mid-year outlook discussions. We also preview next week’s payrolls print for the dollar, and reflect on recent developments in CNY, GBP & CHF.

Speakers
Meera Chandan, Global FX Strategy
Arindam Sandilya, Global FX Strategy
Patrick Locke, Global FX Strategy
James Nelligan, Global FX Strategy

This podcast was recorded on 26 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5329700-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global FX: Bullish Beta, Bullish Dollar

Fri, 19 Jun 2026 14:05:11 -0400

We discuss our mid-year FX outlook in a rare long-format presentation.

Speakers

Meera Chandan, Global FX Strategy
Arindam Sandilya, Global FX Strategy
Junya Tanase, Global FX Strategy
Ikue Saito, Japan Markets Research
Ben Jarman, Global Economics, Rates & FX Strategy
James Nelligan, Global FX Strategy
Octavia Popescu, Global FX Strategy
Anezka Christovova, Head of EMEA EM Local Markets Strategy
Antonin Delair, Global FX Strategy
Kunj Padh, Global FX Strategy
Patrick Locke, Global FX Strategy

This podcast was recorded on 18 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5329700-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global FX: 2H Vol Outlook: Carry the Day, Vol the Tail

Fri, 19 Jun 2026 14:01:17 -0400

Ladislav Jankovic, Arindam Sandilya and Sanjana Shinde discuss the outlook for FX volatility in 2H26.

This podcast was recorded on 18 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5329700-0 , https://www.jpmm.com/research/content/GPS-5329730-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: Scandi and BoE Central Bank wrap up, UK politics (again)

Fri, 19 Jun 2026 11:57:03 -0400

In this podcast, Francis Diamond and Khagendra Gupta discuss the Riskbank, Norges Bank and BoE meetings this week and also talk (again) about the latest developments in UK politics following the Makerfield by-election.

This podcast was recorded on 19 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-53 41115-0, https://www.jpmm.com/research/content/GPS-5339725-0 and https://www.jpmm.com/research/content/GPS-5341244-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Seeing the Invisible

Thu, 18 Jun 2026 15:21:36 -0400

Despite the signed Memorandum of Understanding and eased prices, tightness persists across commodities most affected by the closure of the Strait of Hormuz. In this episode, we highlight the state of natural gas and aluminum markets, as well as discuss the ‘invisible’ parts of our balances.

Speakers:

Greg Shearer, Head of Base and Precious Metals Strategy

Otar Dgebuadze, European Natural Gas

This podcast was recorded on June 18, 2026.

This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Rates: Inflation Markets in Europe, the UK and the US

Thu, 18 Jun 2026 10:26:11 -0400

In this podcast, Frida Infante and Harry Downie discuss the latest inflation data and breakeven markets across the euro area, the UK and the U.S. in the wake of the U.S.–Iran MOU, the latest FOMC meeting, and easing energy prices—and where they see the key risks and opportunities.

This podcast was recorded on 18 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5329550-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

In Focus: G7 Summit

Thu, 18 Jun 2026 07:37:23 -0400

Welcome to J.P. Morgan Global Research's podcast, In Focus, where we explore timely and thematic topics with insights from across Global Research. In today's episode, we bring together macroeconomic views to explore key takeaways from the recently concluded G7 Summit. Today, we have joining us Michael Feroli, Chief US Economist, Greg Fuzesi, our Chief Euro Area Economist, and Ayako Fujita, our Chief Economist for Japan.

Speakers:

Michael Feroli, Chief US Economist

Greg Fuzesi, Chief Euro Area Economist

Ayako Fujita, Chief Japan Economist

Samantha Azzarello, Head of Content Strategy

This podcast was recorded on June 17, 2026.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Emerging Markets Outlook and Strategy for 2H26

Mon, 15 Jun 2026 11:16:07 -0400

Luis Oganes, Nora Szentivanyi, Anezka Christovova & Ben Ramsey discuss the outlook for Emerging Markets for 2H26.

This podcast was recorded on 15 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5324914-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: European Rate Markets – looking ahead over 2H26

Fri, 12 Jun 2026 14:27:00 -0400

In this podcast Francis Diamond, Khagendra Gupta and Aditya Chordia discuss European rate market views for the second half of this year.

This podcast was recorded on 12 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5329365-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: A Perfect Storm

Fri, 12 Jun 2026 13:26:40 -0400

On one hand, we see increased oil tanker flows through the Strait of Hormuz. On the other hand, gas markets have had less luck getting LNG through the crucial chokepoint, setting the scene for a perfect storm of low storage injection rates, potentially higher El Niño cooling demand and slowing LNG supply growth. In this episode, we update you on the situation in the Strait and explain our view on gas.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, European Natural Gas

This podcast was recorded on June 12, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5334101-0 and https://www.jpmm.com/research/content/GPS-5331232-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Central banks take centre stage

Fri, 12 Jun 2026 12:09:19 -0400

Arindam Sandilya, Junya Tanase, Patrick Locke and Octavia Popescu discuss the global FX outlook ahead of a heavy calendar of central bank meetings next week.

This podcast was recorded on 12 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5329605-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global FX & Economics: UK Outlook, GBP and SEK

Thu, 11 Jun 2026 09:13:28 -0400

We review the UK outlook in terms of economics and politics, as well as the ramifications for GBP, and we conclude with other views of note in the European space, namely regarding the SEK.

Speakers

James Nelligan Global FX Strategy,
Allan Monks Chief UK Economist,
Octavia Popescu Global FX Strategy

This podcast was recorded on 10 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5329335-0 and https://www.jpmm.com/research/content/GPS-5332397-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

US Rates - Another Volatile Week in Rates Markets

Fri, 05 Jun 2026 18:30:29 -0400

Jay Barry and Ipek Ozil discuss the latest developments in rates markets and outlook for rates into the remainder of the year.

Speakers:

Jay Barry, Head of Global Rates Strategy

Ipek Ozil, Head of US Interest Rate Derivatives Strategy

This podcast was recorded on June 5, 2026.

This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-5326289-0 and https://www.jpmm.com/research/content/GPS-5326757-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Global Commodities: Is that it?

Fri, 05 Jun 2026 13:44:11 -0400

If anything stands out in energy markets now, it is that prices have become remarkably sanguine despite an ongoing supply shock. Although market confidence and fundamentals have both contributed, our scenario analysis draws out less comfortable alternatives as the conflict drags on. In this episode, we discuss when a calm “Is that it?” can turn into a more apprehensive “What if this isn’t?”

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, European Natural Gas

This podcast was recorded on June 5, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5321983-0 and https://www.jpmm.com/research/content/GPS-5321516-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Payrolls postmortem, ECB/ BoC watch, euro roundup

Fri, 05 Jun 2026 13:20:55 -0400

Meera Chandan, Patrick Locke and James Nelligan unpack the latest payrolls report, emphasizing U.S. exceptionalism, and preview the upcoming central bank meetings.

This podcast was recorded on 05 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5323445-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: ECB, cross-market views and UK politics update

Fri, 05 Jun 2026 13:05:30 -0400

In this podcast Francis Diamond, Khagendra Gupta and Aditya Chordia discuss the upcoming ECB meeting and implications for Euro area rate markets, cross-market themes and provide an update on UK politics and the gilt market.

This podcast was recorded on 05 June 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5321668-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Can the world live with 9% less oil?

Fri, 29 May 2026 13:48:58 -0400

We spent last week in China, and the most striking takeaway from our meetings was not simply that oil demand has fallen, it was that it did so abruptly, unexpectedly, and with remarkably little visible disruption. In this episode, we run you through our observations and explain the structural oil demand shifts that we may see in the coming years.

Speaker:

Natasha Kaneva, Head of Global Commodities Research

This podcast was recorded on May 29, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5317328-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Bearish EUR factors intensify, USD decouples from real rates, and an update on low FX vols

Fri, 29 May 2026 12:28:56 -0400

This week, our Global FX Strategists, Patrick Locke, Meera Chandan, Arindam Sandilya and Ladislav Jankovic look at the dollar’s undershoot vs real rates, the accumulation of bearish forces challenging EUR, developments around KRW & CNH, and the outlook for FX vols currently trading near historical lows.

This podcast was recorded on 29 May 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5315695-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: EM resilience amid renewed USD strength and idiosyncratic pitfalls

Thu, 28 May 2026 13:34:58 -0400

Anezka Christovova, Ben Ramsey and Nishant Poojary discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 28th May 2026.

Global FX: Broader impacts from the dollar bid

Fri, 22 May 2026 14:42:09 -0400

We run through some of the broader considerations from the recent dollar bid including the JPY intervention outlook.

This podcast was recorded on 22 May 2026.

This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: What’s New?

Fri, 22 May 2026 12:27:26 -0400

As Iran and the US continue to work towards a deal, some commodities markets have undergone structural changes. Asian LNG, for example, has been trading at an elevated premium compared to European benchmarks, while precious metals have been sidelined in the short-term. In this episode, we present new forecast additions, as well as discuss our updated views on the trends we are observing.

Speakers:

Otar Dgebuadze, European Natural Gas

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on May 22, 2026.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 J.P. Morgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Assessing EM amid the global repricing of rates

Wed, 20 May 2026 12:40:25 -0400

Anezka Christovova, Ben Ramsey and Michael Harrison discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 20 May 2026.

This communication is provided for information purposes only. For more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Asia Cross Asset: Taking stock of the North Asian equity surge

Mon, 18 May 2026 11:16:41 -0400

Featured in this podcast are Arindam Sandilya and Mixo Das take stock of the North Asian equity surge, as Korea and Taiwan extend AI-led rallies amid improving monetization and shifting flows – assessing where the two markets may diverge and a readthrough to FX.

This podcast was recorded on May 18, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://jpmorganmarkets.com/research/content/GPS-5268762-0, https://jpmorganmarkets.com/research/content/GPS-5291814-0, https://jpmorganmarkets.com/research/content/GPS-5274426-0 and https://jpmorganmarkets.com/research/content/GPS-5243037-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved.

Global FX: EUR-USD divergences, systematic signals, sterling struggles

Fri, 15 May 2026 14:17:30 -0400

Meera Chandan, Patrick Locke and Antonin Delair discuss why the top-down view is becoming more supportive of the dollar, new forecast profile for EUR/USD, systematic signal take-aways for FX and GBP follow-through from political developments.

This podcast was recorded on 15 May 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5304806-0 and https://www.jpmm.com/research/content/GPS-5304339-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Infrastructure 101

Fri, 15 May 2026 14:07:48 -0400

As commodity analysts try to interpret the headlines on the Iran conflict, focus is increasingly turning towards potential recovery timeframes. Infrastructure, which was extensively damaged across the Middle East, plays a crucial role in this. Modern commodity markets are built on fragile supply chains and complex processing facilities, which require large investments and careful maintenance. In this episode, we cover the basics of infrastructure in gas and metals, as well as provide our regular update on conflict.

Speakers:

Otar Dgebuadze, European Natural Gas

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on May 15, 2026.

Global Rates: Analyzing Eurex and US futures roll and cross currency bases

Fri, 15 May 2026 13:01:55 -0400

In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of US and Eurex futures roll and their outlook for Jun26/Sep26 bond futures rollover. They also discuss their outlook for the cross currency bases through the remainder of the year.

Speakers
Ipek Ozil, Head, U.S. Interest Rate Derivatives Strategy
Khagendra Gupta, Head, European Interest Rate Derivatives Strategy

This podcast was recorded on May 15, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5291182-0, https://www.jpmm.com/research/content/GPS-5298292-0, https://www.jpmm.com/research/content/GPS-5290684-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Global Rates: Energy priced and UK politics drive Bunds and Gilt yields higher

Fri, 15 May 2026 12:35:35 -0400

In this podcast Francis Diamond and Aditya Chordia discuss Euro area and UK rate markets given the moves in oil prices and this week’s political events in the UK.

This podcast was recorded on 15 May 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5298094-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Inflation pressures and idiosyncratic EMEA EM politics

Thu, 14 May 2026 13:28:33 -0400

Anezka Christovova, Ben Ramsey and Michael Harrison discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 14 May 2026.

In Focus: Frontier AI

Thu, 14 May 2026 12:12:47 -0400

In this episode, we explore frontier AI’s role in the cybersecurity landscape with our Industry and Policy thematics analysts in Global Research. We discuss the evolving relationship between frontier AI models and cyber ecosystem, patchability in the space, global supply constraints, and what fighting AI with AI means in today's world.

Speakers:

Jahangir Aziz, Co-Head of Economic Research

Steven Palacio, Industry & Policy Thematics Analyst

Samantha Azzarello, Head of Content Strategy

This podcast was recorded on May 8, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5280654-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Rates – And now my fears, they come to me in threes

Fri, 08 May 2026 17:19:27 -0400

J.P. Morgan Strategists discuss the impact to the April employment report on FX and rates markets and delve into Treasury’s May refunding announcement.

Speakers:

Jay Barry, Head of Global Rates Strategy

Meera Chandan, Co-Head of Global FX Strategy

This podcast was recorded on May 8, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5294404-0, https://www.jpmm.com/research/content/GPS-5292375-0, and https://www.jpmm.com/research/content/GPS-5290421-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Commodities: An Inventory Detour

Fri, 08 May 2026 14:40:00 -0400

While markets await Iran’s response to a US proposal to end the war and reopen the Strait, oil inventories are being activated at unprecedented rates and provide a much-needed cushion for prices and consumption. Aside from oil, however, inventories play a crucial role for nearly all commodities. In this episode, we focus on the role of storage in gas and metals, putting it in the context of recent disruptions.

Speakers:

Otar Dgebuadze, European Natural Gas

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on May 8, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5290388-0, https://www.jpmm.com/research/content/GPS-5287764-0, and https://www.jpmm.com/research/content/GPS-5290409-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Yentervention and other FX policy stories

Fri, 08 May 2026 13:20:29 -0400

JPMorgan’s FX strategists discuss the outlook for currencies in the wake of the Japanese MOF’s FX intervention, ahead of President Trump and Secretary Bessent’s visit to Asia next week.

This podcast was recorded on 08 May 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5290421-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Parsing peace talks and payrolls

Thu, 07 May 2026 12:30:36 -0400

Anezka Christovova, Ben Ramsey and Tania Escobedo Jacob discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 07 May 2026.

In Focus: Equity & Credit Update on AI CapEx

Mon, 04 May 2026 12:38:25 -0400

Welcome to another episode of In Focus, where we explore timely and thematic topics with insights from across J.P. Morgan Global Research. In today's episode, we bring together equity and credit views to examine the AI CapEx theme, which has been a major driver of risk assets.

Speakers:

Bhupinder Singh, US Equity Strategist & Head of Thematic Research

Nathaniel Rosenbaum, Head of US High Grade Credit Strategy

Samantha Azzarello, Head of Content Strategy

This podcast was recorded on May 1, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5252024-0, https://www.jpmm.com/research/content/GPS-5259231-0, and https://www.jpmm.com/research/content/GPS-5271383-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

US Rates - I won’t see you next time

Fri, 01 May 2026 18:33:05 -0400

The Fed has spoken, now what? Our US Rates strategists break down the April FOMC decision and what it means for markets, plus a preview of next week's Treasury Quarterly Refunding Announcement.

Speakers:

Teresa Ho, Head, U.S. Short Duration Strategy
Ipek Ozil, Head of US Interest Rate Derivatives Strategy
Amanda Berke, U.S. Rates Strategy

This podcast was recorded on May 1, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5286102-0, https://www.jpmm.com/research/content/GPS-5287611-0, and https://www.jpmm.com/research/content/GPS-5287349-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Global Commodities: It’s Simple Math

Fri, 01 May 2026 16:06:51 -0400

With two months of the Middle East conflict behind us, there is little certainty in the world of commodities. One thing is clear, however: the supply shock is spreading. Although commodity markets are highly nuanced, understanding the magnitude of the core issues is a matter of simple arithmetic. In this episode, we break down the math on oil and metals.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on May 1, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5273094-0, https://www.jpmm.com/research/content/GPS-5287764-0, https://www.jpmm.com/research/content/GPS-5278906-0, https://www.jpmm.com/research/content/GPS-5282493-0, https://www.jpmm.com/research/content/GPS-5278073-0, and https://www.jpmm.com/research/content/GPS-5282937-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Yen intervention, re-assessing USD bearish view, central bank rundown

Fri, 01 May 2026 13:22:08 -0400

In this week’s At Any Rate Podcast, our Global FX Strategists discuss 1) this week’s major moves in JPY, 2) how the USD view is evolving, and 3) recent and upcoming central bank meetings impact FX outlooks.

Speakers:

Meera Chandan

Ben Jarman

Junya Tanase

James Nelligan

Patrick Locke

This podcast was recorded on 01 May 2026.

This communication is provided for information purposes only. Institutional clients can view the related reports at

https://www.jpmm.com/research/content/GPS-5283912-0, https://www.jpmm.com/research/content/GPS-5287512-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: To every thing there is a season

Thu, 30 Apr 2026 17:02:12 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 30 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5280603-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Running the Numbers on Gas

Fri, 24 Apr 2026 17:48:37 -0400

Markets reacted sharply to Iran allowing commercial vessels to go through the Strait of Hormuz. Despite this signal, last shipments from the Gulf have arrived across Europe, Asia and the US, while significant infrastructure shut-ins persist across the Middle East. With much uncertainty still in the air, in this episode we answer the market’s most pressing questions, as well as discuss the recent supply and demand observations in oil and aluminum.

Speakers:

Otar Dgebuadze, European Natural Gas

Artem Fakhretdinov, Oil

This podcast was recorded on April 24, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5273094-0, https://www.jpmm.com/research/content/GPS-5272895-0, https://www.jpmm.com/research/content/GPS-5272398-0, https://www.jpmm.com/research/content/GPS-5270096-0, and https://www.jpmm.com/research/content/GPS-5269595-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Rates: Central banks likely to wait-and-see against a backdrop of ongoing Middle-East uncertainty

Fri, 24 Apr 2026 17:26:02 -0400

In this podcast Francis Diamond, Jay Barry and Khagendra upcoming central bank meetings and US, Euro area and UK rate markets against the backdrop of the ongoing Middle-East conflict.

This podcast was recorded on 24 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5270887-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global FX: De-dollarization, GBP deep-dive, DM central banks

Fri, 24 Apr 2026 13:17:39 -0400

This week, our global FX strategists discuss de-dollarization, a deep-dive into GBP, and upcoming DM central banks.

Speakers
Meera Chandan Global FX Strategy,
James Nelligan Global FX Strategy,
Kunj Padh Global FX Strategy,
Junya Tanase Japan Markets Research

This podcast was recorded on 24 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5276526-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Ceasefire implications and Washington takeaways

Thu, 23 Apr 2026 12:51:57 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 23 April 2026.

Global FX: Cease-fire, the dollar, DM/EM FX impact, IMF round-up

Fri, 17 Apr 2026 14:57:57 -0400

This week, our global FX & EM strategists discuss the outlook for the dollar and the renewed case for carry across regions. We also discuss FX-relevant takeaways from the IMF/WB spring meetings.

This podcast was recorded on 17 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5261547-0, https://www.jpmm.com/research/content/GPS-5263280-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Prices Get Relief

Fri, 17 Apr 2026 12:57:11 -0400

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on April 17, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5254466-0, https://www.jpmm.com/research/content/GPS-5265231-0, https://www.jpmm.com/research/content/GPS-5260746-0, and https://www.jpmm.com/research/content/GPS-5260671-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: The beginning of the end?

Fri, 10 Apr 2026 13:25:23 -0400

Arindam Sandilya and James Nelligan discuss FX markets in the aftermath of US - Iran ceasefire.

This podcast was recorded on 10 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5258865-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

US Rates - GSIB and Basel III Endgame Update

Thu, 09 Apr 2026 17:05:07 -0400

Teresa Ho and Ipek Ozil discuss the latest updates on GSIB and Basel III Endgame and their impact on rates markets.

Speakers:

Teresa Ho, Head of US Short Duration Strategy

Ipek Ozil , Head of US Interest Rate Derivatives Strategy

This podcast was recorded on April 9, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5253130-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

EM Fixed Income: Will EM markets keep trading Iran conflict de-escalation?

Thu, 09 Apr 2026 14:36:27 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 09 April 2026.

Global Commodities: A Month of Disruption

Thu, 02 Apr 2026 13:47:56 -0400

There has been no rest for commodities in the last 34 days. This week, Houthis have formally entered the conflict, while metals and energy infrastructure continued to be targeted by strikes. With an expanded geography of the war and no immediate off-ramp in sight, market volatility persists. In this episode, we discuss this week's updates and the month behind us.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

Otar Dgebuadze, European Natural Gas

This podcast was recorded on April 2, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5250119-0, https://www.jpmm.com/research/content/GPS-5252085-0, https://www.jpmm.com/research/content/GPS-5249648-0, https://www.jpmm.com/research/content/GPS-5249764-0, https://www.jpmm.com/research/content/GPS-5244760-0 and https://www.jpmm.com/research/content/GPS-5248912-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Wary of complacency in FX

Thu, 02 Apr 2026 10:33:02 -0400

We run through the state of current macro markets as this week’s geopolitics has unfolded, detailing our view about potentially complacent FX markets in the face of cyclical risks. Our cross asset strategy colleague Jainik Mody also joins to discuss risks for EM equities.

Speakers:

James Nelligan

Jainik Mody, CFA

This podcast was recorded on 02 April 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5245935-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

In Focus: Middle East Conflict

Wed, 01 Apr 2026 12:15:11 -0400

Welcome to JPMorganChase Global Research’s new In Focus podcast, where we explore timely, thematic topics with insights from across Global Research. In today’s episode, we bring together cross-asset perspectives to examine the geopolitical and market ramifications of the Middle East conflict. We start with the commodity impact—including oil and gold—then discuss implications for global growth and inflation, the outlook for risk assets, and the broader FX landscape.

Speakers:

Natasha Kaneva, Head of Global Commodities Strategy

Nora Szentivanyi, Senior Global Economist

Fabio Bassi, Head of Cross Asset Strategy

Meera Chandan, Co-Head of FX Strategy

Samantha Azzarello, Head of Content Strategy

This episode was recorded on March 31st and April 1st, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5237997-0, https://www.jpmm.com/research/content/GPS-5245032-0, https://www.jpmm.com/research/content/GPS-5238010-0, https://www.jpmm.com/research/content/GPS-5239048-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

EM Fixed Income: Still waiting for the conflict to pass over

Tue, 31 Mar 2026 12:32:00 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 31 March 2026.

Global Commodities: Timing the Global Impact

Fri, 27 Mar 2026 18:12:20 -0400

The conflict in the Middle East is approaching its one-month mark. This week, markets were forced to pair off two opposing forces: deteriorating fundamentals with anticipated shortages in Asia on one side and increased rhetoric about a potential ceasefire on the other. For now, it is unclear which one comes first. In this episode, we discuss the timeline of oil shortages across the globe, as well as explain what is happening with gold.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on March 27, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5245032-0, https://www.jpmm.com/research/content/GPS-5242637-0, https://www.jpmm.com/research/content/GPS-5243238-0, and https://www.jpmm.com/research/content/GPS-5241751-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX - Feelin ‘22

Fri, 27 Mar 2026 14:14:27 -0400

This week, our Global FX Strategists navigate the FX macro implications of the ongoing US Iran conflict, as well as detailing the insights on FX vol markets and systematic FX strategies.

Speakers

James Nelligan

Ladislav Jankovic

Antonin Delair

This podcast was recorded on 27 March 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5245935-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: What are the Markets Missing?

Fri, 20 Mar 2026 17:11:32 -0400

The war in the Middle East is reaching its three-week mark and commodities markets show no signs of easing. On the contrary, attacks on critical energy infrastructure have ramped up, while the remaining 3% of typical Hormuz traffic has shifted into Iranian waters. Elsewhere, Asia is beginning to show signs of demand destruction amid exploding products prices. In this episode, we summarize the week’s developments and highlight what the markets are missing in gas, oil and metals.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

Otar Dgebuadze, European Natural Gas

This podcast was recorded on March 20, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5240805-0, https://www.jpmm.com/research/content/GPS-5239325-0, https://www.jpmm.com/research/content/GPS-5237992-0, https://www.jpmm.com/research/content/GPS-5235564-0, https://www.jpmm.com/research/content/GPS-5236328-0, https://www.jpmm.com/research/content/GPS-5236737-0, and https://www.jpmm.com/research/content/GPS-5234608-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Oil turns up the heat on central banks & FX

Fri, 20 Mar 2026 14:50:15 -0400

This week, our Global FX Strategists unpack the ongoing spillover of the US-Iran conflict through to the dollar, as well as this week’s hawkish central bank meetings and whether hikes are straightforwardly positive for currencies.

Speakers

Patrick Locke, Global FX Strategy
Arindam Sandilya, Global FX Strategy
James Nelligan, Global FX Strategy
Octavia Popescu, Global FX Strategy

This podcast was recorded on 20 March 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5239048-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.
© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Middle East conflict week 3 damage assessment for EM

Fri, 20 Mar 2026 13:01:25 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 20 March 2026.

Global Rates: Global DM Swap Spread Outlook

Fri, 20 Mar 2026 04:55:43 -0400

In this podcast Khagendra Gupta, Ipek Ozil, Francis Diamond, Takafumi Yamawaki, and Ben Jarman discuss the main drivers of DM swap spreads.

This podcast was recorded on 20 March 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5230870-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: Where next for CB and rates as the Middle-East conflict persists?

Fri, 13 Mar 2026 18:19:14 -0400

In this podcast Francis Diamond, Jay Barry and Aditya Chordia discuss the impact of the ongoing Middle-East conflict on US, Euro area and UK rate markets and upcoming central bank meetings.

This podcast was recorded on March 13, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5230864-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Mind the Metals

Fri, 13 Mar 2026 14:50:49 -0400

It has been two weeks since the start of the conflict in the Middle East and supply-side issues remain the top concern for commodity markets. In addition to shipping troubles, the region is also forced to halt production due to persistent infrastructure attacks and limited storage. While oil & gas dominate headlines, metals are also running into trouble. In today’s episode, we summarize everything you need to know about metals markets, as well digest developments in oil.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base and Precious Metals Strategy

This podcast was recorded on March 13, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5232475-0, https://www.jpmm.com/research/content/GPS-5233598-0, and https://www.jpmm.com/research/content/GPS-5228729-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Winds of change for the dollar

Fri, 13 Mar 2026 14:35:09 -0400

We discuss recent developments in energy prices and discuss how that is impacting the dollar outlook; Energy importers are particularly vulnerable. We also preview a heavy DM central bank week.

This podcast was recorded on 13 March 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5230718-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Assessing the situation and path ahead for EM in Week 2 of the Middle East conflict

Thu, 12 Mar 2026 12:57:24 -0400

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 12 March 2026.

US Credit: J.P. Morgan Global Leveraged Finance Conference 2026: Key Takeaways

Thu, 12 Mar 2026 01:07:38 -0400

J.P. Morgan Global Leveraged Finance Conference 2026: Key Takeaways

Speakers:
Stephen Dulake (Co-head of Fundamental Research)
Tarek Hamid (Head of North American Corporate Credit)
Nelson Jantzen (Head of US High Yield Bonds & Leveraged Loan Strategy)

This podcast was recorded on March 11, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://jpmm-internal.jpmchase.net/jpmm/research.article_page?action=open&doc=GPS-5219701-0.pdf, https://jpmm-internal.jpmchase.net/jpmm/research.article_page?action=open&doc=GPS-5220743-0.pdf for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Commodities: Oil and Gas Rocked by Conflict

Fri, 06 Mar 2026 17:42:34 -0500

On Saturday, February 28, Israel and the US started a wave of attacks on Iran, rocking the energy markets. As of Thursday, commercial traffic through the crucial Strait of Hormuz remained virtually nonexistent and production shut-ins are looming for the Gulf. We explain the importance of the region for global energy, summarize latest development and discuss the range of options that have been proposed to ease the crisis.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, Global Natural Gas Research

This podcast was recorded on March 6, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5226873-0, https://www.jpmm.com/research/content/GPS-5225390-0, https://www.jpmm.com/research/content/GPS-5225478-0, https://www.jpmm.com/research/content/GPS-5224065-0, https://www.jpmm.com/research/content/GPS-5223708-0, and https://www.jpmm.com/research/content/GPS-5222592-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: The best escalation and recovery candidates

Fri, 06 Mar 2026 13:04:25 -0500

We discuss the top down dollar/ FX view following developments in Iran and outline the best escalation and recovery candidates in DM and EM.

Speakers

Meera Chandan, Global FX Strategy

James Nelligan, Global FX Strategy

Patrick Locke, Global FX Strategy

Arindam Sandilya, Global FX Strategy

Anezka Christovova, Head of EMEA EM Local Markets Strategy

This podcast was recorded on 06 March 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5227665-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Taking stock one week into the Middle East conflict

Fri, 06 Mar 2026 10:52:00 -0500

Jonny Goulden and Anezka Christovova discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 06 March 2026.

Global FX: The dollar & AI, CNY, IEEPA, euro bloc

Fri, 27 Feb 2026 14:21:43 -0500

We discuss recent developments around the CNY, GBP, SEK and the dollar.

Speakers
Meera Chandan, Global FX Strategy
Tiffany Wang, Emerging Markets Strategy
Patrick Locke, Global FX Strategy
Octavia Popescu Global FX Strategy
Kunj Padh, Global FX Strategy

This podcast was recorded on 27 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5216241-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

European Rate Markets: Eurobonds, by-elections and the spring statement

Fri, 27 Feb 2026 12:40:53 -0500

In this podcast Francis Diamond and Aditya Chordia discuss the topic of Eurobonds as well as UK rate markets following the recent by-election and ahead of the spring statement.

This podcast was recorded on 27 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5220641-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Gas Finds a Tighter Balance

Fri, 27 Feb 2026 12:35:07 -0500

Metals and oil dominated the market narrative in the last few weeks. Natural gas, however, has also been dynamic, having gone through its own period of volatility at the end of January due to cold sprees in the US and Europe. In this episode, we discuss the European gas market, our updated price forecast and the range of new infrastructure projects that are coming online.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, Global Natural Gas Research

This podcast was recorded on February 27, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5218621-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: Risks around a positive base case

Wed, 25 Feb 2026 12:21:09 -0500

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 25 February 2026.

Global FX: Interrogating the optimistic baseline

Fri, 20 Feb 2026 15:47:44 -0500

Arindam Sandilya, Junya Tanase, James Nelligan and Patrick Locke stress test the cyclically constructive, dollar bearish baseline narrative in light of ongoing volatility in US equities, industrial commodities and geopolitical ructions.

This podcast was recorded on 20 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5208833-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Going Against the Grain on Oil

Fri, 20 Feb 2026 12:17:36 -0500

Last week we visited the International Energy Week in London and found the market to be rather optimistic, making a bullish case for oil. Respectfully, we disagree. We reiterate our views on resilient Russian supply, discuss the limited Iran risk and point to the accumulation of inventories across the globe.

Speaker:

Natasha Kaneva, Head of Global Commodities Research

This podcast was recorded on February 19, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5195750-0, https://www.jpmm.com/research/content/GPS-5194449-0 and https://www.jpmm.com/research/content/GPS-5209388-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global Commodities: Are Commodities the Market’s Crystal Ball?

Fri, 13 Feb 2026 17:14:30 -0500

Sharp selloffs in metals and elevated oil prices beg the question - is commodity volatility a harbinger of things to come, or merely a correction? While commodities remain supported by reflated growth and expansionary fiscal policy, other effects are also taking place. In this episode, we reiterate our view on metals and discuss the current sentiment in oil markets to help you understand what comes next.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Greg Shearer, Head of Base & Precious Metals Research

This podcast was recorded on February 13, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5206473-0, https://www.jpmm.com/research/content/GPS-5194449-0 and https://www.jpmm.com/research/content/GPS-5184139-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: How much is too much?

Fri, 13 Feb 2026 14:15:59 -0500

Arindam Sandilya, James Nelligan and Patrick Locke discuss the FX outlook against the backdrop of US equity stress and underperformance of US stocks relative to the rest of the world.

This podcast was recorded on 13 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5201480-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

European Rates: Scandinavian rate outlook – a long winter hibernation

Fri, 13 Feb 2026 11:28:26 -0500

In this podcast Francis Diamond and Frida Infante discuss the outlook for Sweden and Norway rate markets.

This podcast was recorded on 13 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5204805-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Getting fully back on the EM horse

Fri, 13 Feb 2026 10:35:13 -0500

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 13 February 2026.

This communication is provided for information purposes only. please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: Analysing Eurex and US futures roll

Fri, 13 Feb 2026 08:04:46 -0500

In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of US and Eurex futures roll and their outlook for Mar26/Jun26 bond futures rollover.

Speakers:

Ipek Ozil - Head of US Interest Rate Derivatives Strategy

Khagendra Gupta - Head of European Interest Rate Derivatives Strategy

This podcast was recorded on February 13, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5201365-0 and https://www.jpmm.com/research/content/GPS-5203633-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: RBA, JP elections, euro/APAC rotation, dovish BoE, US data

Fri, 06 Feb 2026 13:55:16 -0500

The FX team discusses a variety of topics: the euro bloc/ APAC FX rotation, RBA hawkish pivot, scenarios around upcoming JP elections, the dovish BoE surprise and recent US data.

This podcast was recorded on 06 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5195273-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Commodities: Deconstructing the Metal Mania

Fri, 06 Feb 2026 12:34:59 -0500

Metal mania returns. In this episode, Natasha Kaneva is joined by Greg Shearer, the Head of Base and Precious Metals at JPMorgan. We decompose the recent volatility by discussing retail investors, fundamental differences between gold and silver, as well as the role of these metals in portfolios.

Speakers:

Natasha Kaneva, Head of Global Commodities Research
Greg Shearer, Head of Base & Precious Metals Research

This podcast was recorded on Feb 6, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5195750-0, https://www.jpmm.com/research/content/GPS-5193621-0, https://www.jpmm.com/research/content/GPS-5185886-0, https://www.jpmm.com/research/content/GPS-5193648-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

European Rates: ECB and BoE February meetings, skinny carry in Euro area, increased UK political noise

Fri, 06 Feb 2026 11:55:01 -0500

In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss the ECB and BoE monetary policy meetings and implications for rate markets as well as the political noise this week in the UK.

This podcast was recorded on 06 February 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5193724-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

US Rates: Crypto market structure bill in limbo

Thu, 05 Feb 2026 13:57:47 -0500

US Rates Strategists Teresa Ho and Molly Herckis discuss the latest developments in the digital cash space. Updates include a stall in Congress passing the crypto market structure bill, working to define stablecoins from a balance sheet perspective, and new tokenized products from leading financial institutions.

Speakers:

Teresa Ho, Head of US Short Duration Strategy
Molly Herckis, US Short Duration Strategy

This podcast was recorded on February 5, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5175114-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: A rest is as good as a change

Thu, 05 Feb 2026 13:09:30 -0500

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 05 February 2026.

Global Commodities: A week of commodity whiplash

Fri, 30 Jan 2026 19:25:34 -0500

In this episode, JPMorgan analysts digest yet another week of market volatility in commodities. The metals hit records on Thursday, but only to backtrack and slide by largest amounts seen in years. Oil and gas, on the other hand, grappled with weather and policy uncertainty. We discuss price fundamentals, risk premia and even weather to try and explain these dynamics.

Speakers:

Natasha Kaneva, Head of Global Commodities Research
Greg Shearer, Head of Base & Precious Metals Research
Otar Dgebuadze, Global Natural Gas Research

This podcast was recorded on Jan 30, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5187665-0, https://www.jpmm.com/research/content/GPS-5186727-0, https://www.jpmm.com/research/content/GPS-5184139-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © YYYY JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX and Commodities: The dollar, metals, APAC and vols

Fri, 30 Jan 2026 14:48:53 -0500

We assess the outlook for metals and the dollar after a parabolic week. Special focus on APAC.

Speakers:

Meera Chandan, Global FX Strategy
Gregory Shearer, Head of Base and Precious Metal Research
Junya Tanase, Global FX Strategy
Ben Jarman, Global Economics, Rates & FX Strategy
Arindam Sandilya, Global FX Strategy

This podcast was recorded on 30 January 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5191939-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

EM Fixed Income: Navigating choppier seas with a temperamental compass

Fri, 30 Jan 2026 09:08:07 -0500

Jonny Goulden, Arindam Sandilya and Anezka Christovova discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 30 January 2026.

This communication is provided for information purposes only. Institutional clients for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

US Rates: Should we talk about the weather?

Thu, 29 Jan 2026 16:01:06 -0500

Jay Barry and Phoebe White discuss the outlook for US rates in the wake of the FOMC meeting and preview the February refunding announcement.

Speakers:

Jay Barry - Head of Global Rates Strategy

Phoebe White - Head of US Inflation Strategy

This podcast was recorded on 29 January 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5184282-0,
https://www.jpmm.com/research/content/GPS-5189489-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Global FX: Bearish USD vs. EM FX risk appetite index, G10 cyclicals and the Fed

Fri, 23 Jan 2026 14:09:41 -0500

Macro signals are highly procyclical but technical signals turn cautious – we debate what matters more. Plus USD/CNY breaks 7.0, Scandis break higher, spotlight on the Fed.

Speakers

Meera Chandan Global FX Strategy,

Arindam Sandilya Global FX Strategy,

Anezka Christovova Head of EMEA EM Local Markets Strategy,

James Nelligan Global FX Strategy,

Patrick Locke Global FX Strategy

This podcast was recorded on 23 January 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5182236-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

European Rates: Less keen on carry, UK political noise but no signal

Fri, 23 Jan 2026 13:43:52 -0500

In this podcast Francis Diamond and Aditya Chordia discuss some key themes in European rate markets for January, revisiting the theme of limited selective carry in Euro area rates and the increased political noise in the UK this week.

This podcast was recorded on 23 January 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5176179-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

Global Rates: Cross currency basis 1H26 outlook

Fri, 23 Jan 2026 12:28:16 -0500

In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of €STR/SOFR cross currency base.

Speakers:

Khagendra Gupta - Head of European Interest Rate Derivatives Strategy

Ipek Ozil - Head of US Interest Rate Derivatives Strategy

This podcast was recorded on January 23, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5182266-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

EM Fixed Income: A technical signal amid all the noise

Thu, 22 Jan 2026 12:58:50 -0500

Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.

This podcast was recorded on 22 January 2026

Global Rates: Monthly Inflation Outlook

Thu, 22 Jan 2026 11:19:36 -0500

Rates strategists Francis Diamond and Phoebe White discuss their recently released Monthly Inflation Outlook. The recent increase in energy prices has pushed breakevens higher but we see limited potential for a further rise in intermediate breakevens.

Speakers:
Phoebe White, Head of US Inflation Strategy
Francis Diamond, Head of European Rate Strategy

This podcast was recorded on Jan 22, 2026.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5077727-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.