Russia's EM Fallout: Macro Matters 

 In this Macro Matters edition, host and BI Chief U.S. Interest Rate Strategist Ira Jersey is joined by Damian Sassower, Bloomberg Intelligence EM Credit Strategist, and Interest Rate Associate Strategist Angelo Manolatos. Sassower and Jersey discuss the implications of recent political events, including the UN vote after the Russian invasion of Ukraine. Sassower analyzes the various political actions from China, India, and even Cuba. He also discusses possible market drivers in the near term for currencies, commodities and credit spreads. Jersey notes that dollar funding doesn't appear to be driving Libor/OIS wider, but rather an expected slowdown in bank profitability. Manolatos then offers his view on the Bank of Canada's interest rate hike, and Jersey his take on the Federal Reserve and U.S. rates markets.