Moving Markets

With geopolitical tensions in the Middle East driving a new wave of uncertainty, investors are watching central bank decisions and accompanying statements very closely. How are policymakers responding, and what does this mean for fixed income positioning?

In this episode of The View Beyond, Bernadette Anderko is joined by Dario Messi, Julius Baer’s Head of Fixed Income Research, to discuss the week’s mammoth round of central bank meetings. The conversation explores how recent geopolitical developments are shaping inflation expectations, and the challenges that these pose for central banks. Dario shares his perspective on why a hawkish tone from policy makers is justified but may not necessarily translate into actual policy tightening. He also offers his insights for fixed income investors navigating the current environment.

  • (00:00) - Introduction
  • (01:13) - Takeaways from the Fed’s decision
  • (02:42) - Swiss National Bank and European Central Bank
  • (03:57) - Has the rate-cut narrative been derailed?
  • (06:40) - Will sounding hawkish translate into being hawkish?
  • (08:06) - Implications for bond markets and yield curves
  • (09:33) - Fixed income scenarios
  • (11:05) - Closing remarks and legal disclaimer

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What is Moving Markets?

Moving Markets is the home of podcasts at Julius Baer. Here, our expert teams share concise daily market updates in ‘Moving Markets Daily’ which is complemented by ‘Moving Markets: The View Beyond’, a weekly show dedicated to discussing the context, thematic angles, and investment implications behind key topics shaping the news cycle and conversations among our relationship managers and clients.

The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.