Stephen Juno
Showing 1–2 of 2 transcripts.
- Bank of America18 min
Global Rates & FX Views: Rates and inflation
Ralf Preusser, Mark Capleton, Evelyn Herrmann, Stephen Juneau, Meghan Swiber, Evelyn Hammond, Stephen Juno, Peggy Zweiber
BIA Global Research forecasts Eurozone headline inflation to rise to 3.9% in September while projecting a moderate December rate hike by the ECB, contingent on energy prices remaining elevated. In the United States, the firm anticipates a methodological revision will lower the PCE rate, yet underlying inflation remains persistently 50 basis points above the Fed's target, sustaining a high probability for an October rate increase. To capitalize on these divergent outlooks, BIA advocates for a long position in forward-starting real-yield curve flatteners and long-dated 10-year to 20-year inflation swaps due to perceived market over-optimism regarding future inflation containment.
- Bank of America9 min
Must Read Research: AI Financing, Convertibles, AI and Labor, Australian LNGs
Candace Browning, Yuri Seliger, Michael Youngworth, Stephen Juno
Analysts project hyperscalers and NVIDIA will trigger a surge in AI infrastructure financing, potentially doubling total debt issuance to $659 billion by late 2027 while convertible bonds increasingly link to AI themes. Despite high adoption rates in finance and information sectors, data indicates minimal correlation between AI exposure and overall employment growth, though construction and manufacturing roles added nearly 130,000 jobs through capital expenditures. Concurrently, Australian LNG producers face reserve replacement challenges amid constrained export volumes, prompting strategic shifts toward infrastructure efficiency as supply is expected to outpace global demand.