UBS On-Air: Market Moves

A wide-ranging conversation on the implications of the current macro environment and higher yields to fixed income return and positioning, including thoughts on widening credit spreads, implications of US corporate debt maturity, volume of AI bond supply, and other risk considerations. Lotfi Karoui, Managing Director, Multi-Asset Strategist, and Head of Client Solutions and Analytics at PIMCO, and Leslie Falconio, Managing Director and Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

In part one of a two part mini-podcast series, Paul Hsiao, Senior Asset Allocation Strategist from the UBS Chief Investment Office, joins to provide an overview of the most pertinent questions heard from clients and investors as it relates to the impacts of AI to the US economy. Host: Daniel Cassidy

Markets may be becalmed in anticipation of tomorrow’s US monetary policy decision. However, the meeting is expected to leave interest rates unchanged and investors are skeptical that Federal Reserve Chair Warsh will offer any useful insights at the press conference. Insight may come with subsequent remarks by those markets regard as the Fed’s intellectual leaders.

Markets continue to weigh the cost of and potential returns of AI-buildout, the path forward for interest rates, Q3 corporate earnings, and the quickly approaching US midterm elections. Jason Draho, Head of Asset Allocation Americas from the UBS Chief Investment Office, joins to assess this range of factors, along with shares the latest positioning recommendations and messaging per the latest UBS House View update. Host: Daniel Cassidy

Markets’ optimism bias has been given some life by news that Iran and Saudi Arabia are to hold talks, with Pakistan and Turkey mediating. Oil prices have dropped a little on the news. US President Trump also made comments on Iran but investors give less weight to these. US retail diesel prices keep rising and gasoline prices have stopped falling, which is assumed to constrain Trump’s ability to act.