In this conversation, part of a series focused on U.S. fixed income markets, J.P. Morgan Research analysts Mike Feroli, Alex Roever, Jay Barry, Josh Younger and Phoebe White discuss the rapid and aggressive responses we’ve seen from the Fed in an attempt to limit the economic fallout from the COVID-19 pandemic and ensure that markets continue to function.

This podcast was recorded on March 25, 2020.

This communication is provided for information purposes only. Institutional clients can view related material at http://www.jpmm.com/#research.rates.us for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Decoding the Fed's crisis response: March 25 2020.” © 2020 JPMorgan Chase & Co. All rights reserved.