All into Account: ‘Rates vol views amid increased policy uncertainty’ with Ipek Ozil, US Interest Rate Derivatives Strategist

Speakers:  

 

Thomas Salopek, Head of Global Cross Asset Strategy

 

Ipek Ozil, US Interest Rate Derivatives Strategist

 

Powell’s recent comments represent a strong reversal from the dovishness from March, so policy uncertainty remains as elevated as ever. In response to strong CPI data this week, the options markets are implying a significant weight on a hike by year-end, leaving rate-cut scenarios with a total weight similar to rate hike scenarios.

 

This podcast was recorded on 17 April 2024.

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

https://www.jpmm.com/research/content/GPS-4669694-0, and 

https://www.jpmm.com/research/content/GPS-4672843-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 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.