Asking about current bond market environment with new Fed nominee, interest rates, and macroeconomics.
Dominic Chu
Joanna Gallegos
Near-term: No rate cuts in March or April, new Fed chair onboarding through May means first half likely more of the same with temperate approach to rates.
Joanna Gallegos
Recommend focusing on intermediate credit right now, specifically triple-B investment grade bonds.
Joanna Gallegos
Shorter end of triple-B was best performing spot in investment grade last month due to risk-off in intermediate and long-term rates.