Duration Remains Unattractive, Says Veteran High Yield Bond Investor
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.\xa0\n\nWe 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!\n--\xa0\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\xa0\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\xa0\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n--\nTimestamps:\n(00:00) Introduction\n(00:43) The Low Interest Rate Era Is Over\n(06:55) The Fed's Tightening Will Lead To A Recession\n(17:47) Investing In A Zero Rate Regime vs Today\n(23:34) The Indexation Of Fixed Income\n(27:22) How CLOs & Passive Have Impacted Bonds\n(41:33) Where Is The Pain From Higher Interest Rates Being Felt?\n(48:10) The Heyday Of Private Equity Is Over\n(01:00:19) Liquidity In Private Credit\n(01:09:35) Understanding The Credit Spread Curve\n--\nDisclaimer: 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.