Introduction

As we conclude this season, which we entitled a Bond’s Eye View of the world, a lot of core arguments for adding fixed income at the start of the year still remain in place. So far, the Fed has continued to hike rates but they may, finally, be at the end of their tightening regime, and if we are at peak rates, that means now is the time for investors to lock in yields before they fall. Bonds could also provide portfolios with important diversification properties as we eye this next downturn. So, as investors take a closer look at their cash and bond holdings, we hope this season has helped shed light on the different opportunities within bonds, and how to think about duration, credit and income within portfolios. To wrap up our last episode, Dr. David Kelly is joined by Bob Michele, CIO and Head of our Global Fixed Income, Currency and Commodities Group at JP Morgan Asset Management, for a conversation on his outlook for the economy, the Fed, and ultimately, bond markets.