Investing in a 5% Bond World: The Barbell
Growth, sticky inflation, policy uncertainty and Treasury supply have pushed long-term yields to multi-decade highs. On this week’s episode of the Basis Points podcast, Kevin Flanagan outlines a barbell approach for investing in a “5% bond world.”
Basis point: 1/100th of 1 percent.
Consumer Price Index (CPI): Measures the average monthly change in prices paid by urban consumers for a market basket of consumer goods and services.
Producer Price Index (PPI): Measures changes in wholesale prices, offering insights into inflation trends before they reach consumers.
Funds mentioned in podcast…
The skinny
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