Markets & outlook · Podcast

Real Rates, Repriced Credit and the Case for a Short Fed Cycle

It sets out a fixed income manager's dissent from consensus rate expectations and walks through the specific segments where that view is expressed, which is useful context for advisors discussing duration and credit positioning with clients.

Streams from the publisher’s own feed. Nothing loads until you press play.22 min

On the publisher’s site

Summary

By the markets & outlook desk

Neuberger Berman's Disruptive Forces podcast episode features host Anu Rajakumar speaking with Ashok Bhatia, the firm's Chief Investment Officer and Global Head of Fixed Income, about global monetary policy and the bond market. The discussion argues that the recent yield move has come largely from real rates rather than inflation expectations, that core U.S. inflation is still drifting lower, and that the team expects a shorter hiking cycle than the market is pricing. It closes with where the team says it is finding value across credit and rates.

The team contends most of this year's yield move came from real rates rather than inflation expectations.
Core U.S. inflation is described as still drifting lower, keeping the disinflation case intact.
The team expects a shorter hiking cycle than the market is pricing.
Areas cited for value include hyperscaler credit, BB high yield, floating rate, European financials and hard currency EM.

Similar items

Same topic

Ken Fisher: What High Gas Prices Do to the Economy	Fisher Investments	2 min	Oct 28
Special Episode - Beyond the Ticker: The Road to Election Day	The Nasdaq Dorsey Wright Podcast	35 min	Oct 28
Unpacking JP Morgan’s lower middle market push	Cloud 9fin	27 min	Oct 28
AI and the Future of Investment Decision-Making \| Andrew Chin	CFA Institute	58 min	Oct 28
3 of the Best Smaller-Cap Stocks to Own	Morningstar	3 min	Oct 28