Duration Remains Unattractive, Says Veteran High Yield Bo...

What this episode covers

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! -- Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- 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 -- 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.

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Frequently Asked Questions

How long is this episode of Forward Guidance?

This episode is 1 hour and 12 minutes long.

When was this Forward Guidance episode published?

This episode was published on October 26, 2023.

What is this episode about?

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...

Can I download this Forward Guidance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.