2023 Outlook - Monthly Roundtable
2023 Outlook - Monthly Roundtable
Head of FICC Macro Strategy
Margaret is a Managing Director and Head of FICC Macro Strategy for BMO Capital Markets and a member of the FICC Management Committee. She has responsibility for ...
Managing Director, Head of U.S. Rates Strategy
Ian is a Managing Director and Head of U.S. Rates Strategy in the BMO Capital Markets Fixed Income Strategy team. His primary focus is the U.S. Treasury market wi...
Managing Director, Canadian Rates & Macro Strategist
Benjamin has been with the Bank of Montreal for over a decade. He is responsible for the Canadian macro-economic forecast, and plays a key role in forecasting int...
Global Head of FX Strategy
Greg Anderson is BMO’s Global Head of FX Strategy and is based in its NYC office. He has over twenty years of experience as an FX strategist, having worked ...
Margaret is a Managing Director and Head of FICC Macro Strategy for BMO Capital Markets and a member of the FICC Management Committee. She has responsibility for ...
VIEW FULL PROFILEIan is a Managing Director and Head of U.S. Rates Strategy in the BMO Capital Markets Fixed Income Strategy team. His primary focus is the U.S. Treasury market wi...
VIEW FULL PROFILEBenjamin has been with the Bank of Montreal for over a decade. He is responsible for the Canadian macro-economic forecast, and plays a key role in forecasting int...
VIEW FULL PROFILEGreg Anderson is BMO’s Global Head of FX Strategy and is based in its NYC office. He has over twenty years of experience as an FX strategist, having worked ...
VIEW FULL PROFILE
Stephen is European Head of FX strategy for BMO Capital Markets based in London. He caters to corporate and real money clients including asset managers, central b...
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Dan Krieter is a Director in the BMO Capital Markets Fixed Income Strategy Group. His primary focus is the high quality USD spread market, including interest rate...
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Dan is a Vice President in the BMO Capital Markets Fixed Income Strategy team. His primary focus is on spread market products with specific interests in monetary ...
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Ben Jeffery is a Strategist on the U.S. Rates Strategy Team at BMO Capital Markets. He focuses on fixed income investment strategy, specifically on interest ...
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Margaret Kerins along with Ian Lyngen, Ben Reitzes, Greg Anderson, Stephen Gallo, Dan Krieter, Dan Belton and Ben Jeffery from BMO Capital Markets’ FICC Macro Strategy team bring their outlook for US and Canadian Rates, IG credit, and foreign exchange 2023 as the Fed remains committed to containing inflation and the prior rate hikes begin to transmit into the economy. As the fed funds rate continues to move higher, the curve inversion in 2s10s should deepen and persist until the market begins to price a slowing economy and decelerating inflation. At this point, 2s10s should begin to bull steepen and the timing of this will be one of the main narratives in US rates. Another main theme will be the pricing of the Fed’s reaction function to an economic downturn, which the team expects to be much slower than in the past and how this impacts credit spreads and foreign exchange. The discussion includes a rapid fire outlook at the beginning of the discussion.
Transcript will be posted shortly.
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About Macro Horizons
BMO's Fixed Income, Currencies, and Commodities (FICC) Macro Strategy group led by Margaret Kerins and other special guests provide weekly and monthly updates on the FICC markets through three Macro Horizons channels; US Rates - The Week Ahead, Monthly Roundtable and High Quality Credit Spreads.