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On this week’s WashingtonWise Investor, Collin Martin, managing director of fixed income strategy at the Schwab Center for Financial Research, joins Mike to offer perspective on a wide range of issues facing the bond markets in 2020. They discuss the Treasury’s motivation to again offer 20-year bonds beginning this spring, and possibly ultra-long bonds in the future, and where such bonds might fit in your portfolio; how investors reaching for greater yield may be taking on increased risk; and how the bond market typically fares during an election year. They also consider whether the coronavirus could impact China’s continued purchase of U.S. Treasuries. Mike also offers his perspective on other news of the week, including a new rule proposal from the SEC that could be a huge benefit to ordinary investors; a contentious hearing on Capitol Hill for one of the nominees to fill an open seat at the Federal Reserve; and the latest news from the 2020 campaign trail.

Follow Mike Townsend on Twitter @MikeTownsendCS.

WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed-income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. High-yield bonds and lower-rated securities are subject to greater credit risk, default risk and liquidity risk.

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