Money Life With Chuck Jaffe Daily Podcast

Sit's Doty: 'The worst of the pain is over for bond investors, despite pain ahead'

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Synopsis

Bryce Doty, senior portfolio manager at Sit Fixed Income, says that a miserable first quarter and the threat of more interest-rate hikes have bond investors feeling miserable, but he believes that the worst is over for bonds, noting that the rate hikes have already made it that investors can now generate at least a small amount of income from short-term bonds, something that wasn't possible at the start of the year. Doty says that he doesn't think the Federal Reserve will be able to take rates as far as central bankers seem to want to go, due to some economic struggles; that moderation, in turn, means less damage to the bond market, giving bond investors a reason for optimism even though headlines make things seem bleak. Also on the show, Roger Young from T. Rowe Price discusses the firm's 14th annual "Parents, Kids & Money" survey,  which showed that the emergency of cryptocurrency has created excitement in families and the opportunity for more meaningful talks about money and investing, and Andy Braun o