A Return to Normal

Generally, rising rate cycles have not ended well.
-Jason Brady, CEO, Thornburg Investment Management

Dear Reader,

Investors are finally getting paid to save again. Foreign to younger readers, there was a time when you could earn 5% simply by holding cash in a savings account.

While we aren’t back there yet, 4%–5% safe yields are out there, even for individual investors. 

This week, we checked in on the fixed-income market with an asset manager who controls $40 billion in capital. 

I first met Jason Brady, President and CEO of Thornburg Investment Management, at a conference hosted by our own Jared Dillian. The two are good friends and were in the same class at Lehman Brothers. Jason shared where he is finding opportunities in fixed income. Today, Jason and I covered:

  • How the markets have returned to normal

  • The Fed’s big mistake in 2020

  • The prospect for interest rate cuts in 2023

  • The best places to find opportunities in bonds

  • How individual investors are getting bonds all wrong

You can access the full transcript of our conversation by clicking here

Or watch our discussion on YouTube by clicking the screenshot below. Be sure to subscribe to our YouTube channel while you are there.

You can even listen via podcast! Just search for Global Macro Update on your favorite podcast player and be sure to subscribe.

Thanks for checking out this week’s Global Macro Update.


Ed D’Agostino
Mauldin Economics

If you prefer to listen to Global Macro Update, you can do so here:


Suggested Reading...

Virtual Passes
available here


Crisis Cycle

Looking for the comments section?

Comments are now in the Mauldin Economics Community, which you can access here.

Join our community and get in on the discussion

Keep up with Mauldin Economics on the go.

Download the App

Scan it with your Phone

Get Ahead of Big Market Trends—with Global Macro Update

Today’s most successful investors share one thing in common: They spot major trends early and move quickly to take advantage of them.

Twice a week, Ed D’Agostino—our publisher and COO—shares macro insights and analysis, along with exclusive interviews with leading economic, geopolitical, and investment experts to help you get ahead of major trends and market shifts.

By opting in you are also consenting to receive Mauldin Economics' marketing emails. You can opt-out from these at any time. Privacy Policy

Ed D'Agostino - Global Macro Update
Global Macro Update

Wait! Don't leave without...

Global Macro Update

Dig deep with Ed D’Agostino as he interviews leading experts on the most urgent stories you need to know about. Learn how your portfolio could be impacted and what's ahead for the markets... Delivered weekly on Fridays.

By opting in you are also consenting to receive Mauldin Economics' marketing emails. You can opt-out from these at any time. Privacy Policy