Times they are a-changin'…
With COVID vaccinations becoming widespread, savings rates high, and consumers ready to spend, the economy is reopening and rebounding with gusto.
All of these developments are creating new opportunities and challenges for bond investors.
Bond prices fall when interest rates rise and vice versa. After a 40-year bull market in bonds, with interest rates declining to record lows, has the bottom finally been reached after many false starts? How real is this uptick in rates and what does it mean for bond investors?
Our guest on WEALTHTRACK this week is Mary Ellen Stanek, Chief Investment Officer of Baird Advisors, and President of the Baird Funds, where she heads up the Fixed Income Team overseeing $91 billion dollars worth of bond investments.
Stanek discusses the rapidly changing conditions and her team's all-weather bond strategy in what she calls uncharted waters.
WEALTHTRACK Episode #1747 broadcast on May 21, 2021