As interest rates remain elevated and new economic data is set to be released next week, Brandywine Global High Yield and Corporate Credit Strategies Co...
As interest rates remain elevated and new economic data is set to be released next week, Brandywine Global High Yield and Corporate Credit Strategies Co-Portfolio Manager Bill Zox joins Market Domination to provide insights into the Federal Reserve 's outlook on rate cuts and the bond yield market in this environment.
They don't seem to be too concerned about loose financial conditions right now and it used to be sell in May and go away.So uh my, my big question is uh whatever the inflation print is next week, are they going to need tighter financial conditions to get inflation down to 2%.
Yeah, the economic data has been a little bit softer of late, but earnings are really in a goldilocks scenario for high yield, not too hot, not too cold and defaults are in the 2 to 2.5% range, they've leveled out for the last six months or so and that's well below historic averages. The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.
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