/institutional/perspectives/media/attractive-bond-yields-while-patient-and-defensive

Attractive Bond Yields While Being Patient and Defensive

Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joins CNBC on Fed day to discuss the market.

September 20, 2023

 

 

Key Takeaways:

  • The Fed’s hawkish tone is intended to prevent financial conditions from easing.
  • The higher-for-longer story is playing out. Don’t expect a Fed pivot any time soon.
  • Economic weakness and continued fall in inflation will result in lower 10-year Treasury yields.
  • We are moving up in credit quality as the Fed continues to try to drive down demand.
  • Investment-grade corporate credit and structured credit are producing yields at attractive levels.
  • Equities are overbought and performance has largely been driven by P/E multiple expansion.


Read Third Quarter 2023 Quarterly Macro Themes

 


FEATURED PERSPECTIVES

June 28, 2024

Second Quarter 2024 Quarterly Macro Themes

Research spotlight on what’s next.

May 29, 2024

Second Quarter 2024 Fixed-Income Sector Views

Balancing attractive yields and tight spreads.

May 16, 2024

The Economic Cycle Isn’t Dead, Merely Delayed… And That’s Good for Bonds

Navigating an economic cycle where old patterns don’t seem to apply.


VIDEOS AND PODCASTS

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking? 

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking?

Maria Giraldo, Investment Strategist for Guggenheim Investments, joins Asset TV’s Fixed Income Masterclass.

Macro Markets Podcast 

Macro Markets Podcast Episode 53: The Wide Opportunity Set in Bonds and Asymmetric Future Fed Policy

It’s been 10 months since the Fed’s last rate hike and Evan Serdensky, Portfolio Manager on our Total Return team, and Matt Bush, our U.S. Economist, join Macro Markets to discuss what’s next for the economy and markets.







© Guggenheim Investments. All rights reserved.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.