With yields at historically attractive levels and the yield curve offering attractive opportunities, fixed income is drawing renewed attention from investors seeking both income and capital preservation. But is the short end of the curve really as appealing as it seems—and what should investors know about the risks and rewards?
In this episode, Ayako Lehmann, Head of Webcasts & Video at Julius Baer, is joined by Roman Frey, Head of CIO Office Global Fixed Income and voting member of the Fixed Income Investment Committee. Together, they explore why fixed income deserves a place in every portfolio, the importance of duration, credit risk, and liquidity, and how macroeconomic factors and central bank policy shape the opportunity set. The conversation covers the dynamics of the primary and secondary bond markets, the role of market technicals, and why short-dated bond strategies may offer a compelling alternative to cash and money market funds. Roman also discusses the impact of the Federal Reserve’s evolving communication style under Kevin Warsh, the practicalities of managing strategic cash, and why now may be a particularly attractive time to lock in yields.