Episode 44: What’s next for the Fed and the high-yield bond market?
The Investment Intelligence podcast by Allianz Global Investors
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The Fed's Absence in the Bond Market?
As rates go up, you're actually going to have a compounding priority of wanting to pay down debt if it is rising. We think the US economy can comfortably grow at 3% with spending and spending into near-term inflationary expectations. But it's really up to the Fed to anchor those long-term expectations to really make a 2.5% yield number palatable.
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