Duane McAllister discusses interest rates and inflation on MoneyLife
Baird Advisors Senior Portfolio Manager Duane McAllister, CFA, talked with Chuck Jaffe on the MoneyLife podcast about how bond investors can navigate rising interest rates and inflation and the team's view on the fixed income markets.
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Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk. In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase. Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates. Ratings are measured on a scale that ranges from AAA or Aaa (highest) to D or C (lowest). Investment grade investments are those rated from highest down to BBB- or Baa3.