Episode

Margin Lift, Excitable Risk, and The Path of Interest Rates

Podcast

Van Hesser's 3 Things in Credit - A KBRA Podcast

Published

Feb 6, 2026

Duration seconds

532

Processing state

not_requested

Canonical source

https://podcasters.spotify.com/pod/show/kbra981/episodes/Margin-Lift--Excitable-Risk--and-The-Path-of-Interest-Rates-e3eo1q2

Audio

https://anchor.fm/s/109cbc12c/podcast/play/115131650/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-1-6%2Fb6116531-9f67-4769-a7f8-ceae81360a84.mp3

JSON

/v1/public/podcasts/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/episodes/margin-lift-excitable-risk-and-the-path-of-interest-rates

Markdown

/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/margin-lift-excitable-risk-and-the-path-of-interest-rates.md

Actions

• POST https://stenobird.com/v1/public/podcasts/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/episodes/margin-lift-excitable-risk-and-the-path-of-interest-rates/transcription-requests
  Idempotently request low-priority transcript generation for this episode.
• GET https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/margin-lift-excitable-risk-and-the-path-of-interest-rates.md
  Read the agent-friendly Markdown representation of this episode resource.

Summary

This week, our 3 Things are: Margin lift. They’re high and expected to go higher. Excitable risk. Volatility is back. Just how much matters to credit fundamentals? The path of interest rates. The consensus is calling for a 4-bp range for the 10-year over the next six quarters. What does that tell you?