Kathy Jones, Chief Fixed Income Strategist at Schwab, joins Forward Guidance to share her outlook on interest rates, credit spreads, the economy, and the Federal Reserve. Filmed on December 5, 2023.
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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.
Timestamps:
00:00 Introduction
08:21 Inverted Yield Curve Is Here To Stay
10:37 Term Premia Will Decline
14:47 Bond Market Does Not Always Track Nominal Growth
17:56 Can't Rule Out That This Is A Counter-Trend Rally
21:31 How Does Bond Supply Affect Price?
29:37 The Days Of Quantitative Tightening (QT) May Be Numbered
32:09 Mortgage-Backed Securities (MBS)
34:45 Investment Grade (IG) Corporate Bonds
37:58 We Are Not Enthusiastic About CLOs and Private Credit
47:15 Sentiment and Positioning In Fixed Income
49:25 Views on Europe and Japan
54:08 Bull Case For The Dollar
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