The Rise in U.S. Treasury Yields: Trick or Treat?

Steven Wald, Securitized Products Portfolio Manager at DoubleLine Capital, joins Client Portfolio Manager Phil Gioia to discuss the rise in U.S. Treasury yields that has followed the Federal Reserve’s cut of the federal funds rate in September. Mr. Wald runs down some of the factors such as strong data prints and presidential election expectations that could be driving this somewhat counterintuitive move in Treasury yields. The two then discuss asset allocation opportunities in fixed income in the current environment.