Summary of the Podcast Episode

In this episode of the Odd Lots podcast, host Jill Wiesenthal and Tracy Alloway discuss the bond market and the intricacies of fixed income investing. They explore the concept of convexity and how it relates to trading fixed income and interest rates. The guest, Harley Bassman, a former PIMCO employee and now managing partner at Simplify Asset Management, provides insights on various fixed income instruments, including mortgage bonds. He shares his views on the current economic climate, inflation, and the possible actions of the Federal Reserve. Bassman explains the importance of understanding the relationship between stocks and bonds and highlights the role of options in the market. He also discusses the creation of ETFs that allow retail investors to access institutional-quality trading strategies.