Most Long-Duration Bonds Remain Unattractive, Says Veteran Fixed-Income Investor

Adolf Goebbels
Published on Oct 26, 2023
On todays episode, Craig Manchuck Vice President & Portfolio Manager at Osterweis joins the show for a discussion on the end of the zero interest rate era.

We deep dive into the bond market sell-off over the past 3 years, where to find opportunities in the bond market & the rise of private credit. To hear all this & more, you'll have to tune in!
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Timestamps:
00:00 Introduction
00:43 The Low Interest Rate Era Is Over
06:55 The Fed's Tightening Will Lead To A Recession
17:47 Investing In A Zero Rate Regime vs Today
23:34 The Indexation Of Fixed Income
27:22 How CLOs & Passive Have Impacted Bonds
41:33 Where Is The Pain From Higher Interest Rates Being Felt?
48:10 The Heyday Of Private Equity Is Over
01:00:19 Liquidity In Private Credit
01:09:35 Understanding The Credit Spread Curve
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.