A Bird's-Eye View of the Bond Market
A Bird’s-Eye View of the Bond Market offers real-time analysis and commentary covering the major themes and issues driving the U.S. investment grade markets. Subscribers will have the chance to hear from different members of the Merganser investment team, allowing listeners the opportunity to gain valuable perspective on corporate credit, securitized, government markets and the economy. The idea behind the creation of this podcast is simple: offer our listeners a consistent source of valuable fixed income market intelligence at the click of a button.
Episodes
19 episodes
Unpacking the 2023 Banking Crisis: Causes, Risks, and the Future Outlook
The 2023 banking crisis brought to light significant vulnerabilities within the financial system, exemplified by the collapse of Silicon Valley Bank (SVB) and other financial institutions. To understand the underlying causes and potential ramif...
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Episode 19
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10:10
All Things Treasury
Explore the dynamic world of Treasury Markets with our latest podcast episode. Tune in as Mike Cloutier, Chief Marketing Officer at Merganser Capital engages in an insightful conversation with Todd Copenhaver, Deputy Chief Investment Officer, a...
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Episode 18
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12:21
Take Five – Market Recap with our CIO
Need a brief review of the fixed income markets as we head into year-end? This five-minute Q&A with Merganser’s CIO, Andy Smock, covers it all, including the path of interest rates, spread moves year-to-date, issuance patterns, our views ac...
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7:07
Impacts of Chasing Yield with an Inverted Curve
In fixed income, it is generally understood that bondholders are paid more to lend for longer, but with an inverted yield curve, this theory is being put to the test. How then, should investors position their short-term reserves in the current ...
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Episode 16
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6:45
Debt Ceiling Talks, Again
It has been an eventful start to 2023, and among many topics, the Debt Ceiling is once again in the spotlight. Hear from host Mike Cloutier, Merganser’s Chief Marketing Officer, as he interviews Andy Smock, Merganser’s Chief Investment Officer,...
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Episode 15
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11:37
Multi-Family Real Estate Update and CMBS Performance Implications
In this episode, David Fishman, Merganser Deputy CIO and CMBS analyst, interviews Eric Draeger, CIO of Berkshire Residential Investments (“Berkshire”) on the state of the multi-family residential real estate market. Among other topics, they dis...
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Episode 14
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15:01
Take Five – Q&A with our CIO
Is now a good time to invest in the front-end of the yield curve? This five-minute Q&A with Merganser’s CIO, Andy Smock, discusses just that. Andy shares a few thoughts on the dramatic year thus far for fixed income markets, how relative va...
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Episode 13
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4:23
After an Empty First Half, Where Should Income Thirsty Investors Look?
In this episode, Andy Smock, CIO and Todd Copenhaver, Deputy CIO break down the rapid repricing of fixed income assets year to date. They discuss recent inflation data, potential next steps from the Fed and how higher yields on the front-end of...
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Episode 12
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14:41
Any TIPS on a Good Inflation Hedge?
U.S. inflation is at its highest level in four decades and making investors nervous. In episode #11, we discuss the mechanics of a commonly known inflation hedge, Treasury Inflation-Protected Securities, or TIPS, and analyze how these fixed inc...
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Episode 11
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10:16
Inflation is Here... To Stay?
In this episode, Merganser’s CIO, Andy Smock, reviews the impact of inflation on fixed income portfolios. He unpacks possible reasons for what’s driving recent price increases, and why interest rates are moving in the opposite direction. We end...
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Episode 10
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14:25
GSE’s Approach to ESG and Other Insights
In this episode, Portfolio Manager and Chief ESG officer, Jennifer Wynn, discusses Merganser’s ESG initiatives broadly at the firm and within the investment process. Deputy CIO and Portfolio Manager, Dave Fishman, explains the state of structur...
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Episode 9
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11:07
You Can Bank on It
We are now over a year into the pandemic. Are banks well positioned? In episode 8, we compare The Great Lockdown versus The Great Financial Crisis of 2008 from a banking perspective.
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Episode 8
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10:21
A Fresh Look at the Numbers
Risk assets continue to notch gains courtesy of investors’ optimism that COVID-19 vaccines will be an accelerant to growth next year. In episode 7, members of the Merganser Investment Team parse various economic indicators in an effort to uncov...
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Episode 7
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13:42
Portfolio Fitness Involves Minding Your ABS
In Episode 6, Peter Kaplan, Head of Structured Products at Merganser shares his perspective on the ABS market and the outlook for performance and liquidity in the most recent market cycle.
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Episode 6
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11:43
The Changing Face of Retail Amidst a Global Pandemic
In Episode 5, David Fishman, Deputy CIO speaks with a retail industry expert to understand how the current pandemic has accelerated certain trends and outlines why investors should be paying attention.
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Episode 5
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14:42
Hanging in the Balance
Recent data is showing some signs of stabilization, however, COVID-19 case resurgence combined with lofty risk asset prices leaves us more circumspect about certain areas of the market.
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Episode 4
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8:35
Not Your Father's Recession
Following a risk-on second quarter, we pause to reflect on fixed income valuations, the state of the economy and the impact of recent stimulus measures
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Episode 3
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7:32