Steven Major, HSBC’s global head of fixed-income research, joins Bloomberg Intelligence’s chief US rates strategist Ira Jersey and BI senior rates strategy associate Will Hoffman to discuss some of the most controversial topics across global bond markets in this Macro Matters edition of the Bloomberg Intelligence FICC Focus podcast. The trio dive into the determinants of longer-run equilibrium interest rates and the relationship between supply and yields. They also touch on regulatory constraints on dealer-intermediation capabilities and relative value across global bond markets.