Brian Lodestro: How the COVID-19 has Affected the Fixed Income World
Everything Money
English - April 29, 2020 18:58 - 43 minutes - 104 MBInvesting Business Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Meet Brian LoDestro, the senior portfolio strategist at Prudential Investment Management. He has 27 years of experience as an investment professional.
In this episode, Stephen talks with Brian on how the recent COVID-19 pandemic has affected the fixed income world. He shares how different financial sectors are going to change in the coming months or years as compared to how they were in the last few years.
“Interest rates are simply the price of money when you have more borrowers than lenders the price goes up, and when you have more lenders than borrowers the price goes down.”- Brian LoDestro
What you will learn:
[0:15] Intro
[1:37] How the COVID-19 has caused an engineered recession and the expected worsening of things.
[4:48] Why the lack of liquidity has caused the treasuries to break.
[11:39] The financial predictions that were made for this year- what was right and what was wrong.
[20:36] Why Brian believes that the economy will go back to what it was with the question being when? There is a need to diversify by mitigating volatility.
[26:47] The anomalies in the financial world created by the Coronavirus crisis and how they’re going to affect the interest rates.
[32:52] How the fixed income world is relying on the Fed’s research to determine companies that are going be in better shape after COVID-19 and concentrating less on the emerging markets debts.
[39:16] The two factors that the Fed Buying provides. A prediction on what the Fed buying is going to be buying and not buying in the coming times.
Relevant Links:
Website: Hightower Bethesda
Facebook: Hightower Bethesda - Home
LinkedIn:https://www.linkedin.com/company/hightowerbethesda/