Macro Matters: Insight Investment’s Murphy on Fixed Income
The angst, consternation and hand-wringing over debt levels may be a contrarian indicator that rate markets are oversold, says Brendan Murphy, North American head of fixed income at Insight Investment Management. Murphy joins Bloomberg Intelligence chief US interest rate strategist Ira Jersey on this Macro Matters edition of the FICC Focus podcast to discuss the outlook for fixed income. Murphy attributes elevated yields to a stronger macro backdrop, persistent inflation uncertainty, the Fed leadership shift to Chair Kevin Warsh and fiscal concerns amplified by heavy AI-driven corporate…
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