Bond yields are climbing, inflation is proving stickier than expected, and the bond market is sending a very different message to the share market. Sam Watkins (Head of PIMCO Australia & New Zealand) joins us to unpack what rising yields mean for stocks, why AI enthusiasm may be masking broader risks, and how investors can think about fixed income in a world where bonds are once again offering compelling income and portfolio protection.In this episode: 00:00 – What the bond market is telling investors04:31 –...
Bond yields are climbing, inflation is proving stickier than expected, and the bond market is sending a very different message to the share market. Sam Watkins (Head of PIMCO Australia & New Zealand) joins us to unpack what rising yields mean for stocks, why AI enthusiasm may be masking broader risks, and how investors can think about fixed income in a world where bonds are once again offering compelling income and portfolio protection.
In this episode:
00:00 – What the bond market is telling investors
04:31 – Why bond yields are rising around the world
08:31 – Government debt, deficits and fiscal sustainability
12:00 – Interest rate outlook: Australia and the US
15:50 – Warren Buffett's warning on higher rates
17:55 – AI euphoria vs bond market reality
20:59 – PIMCO's base case for the economy
23:48 – Why bonds are attractive again
33:31 – How investors can access fixed income today
Stocks & ETFs mentioned: PIMCO Short-Term Active Yield ETF (ASX: EARN), PIMCO Australian Bond Active ETF (ASX: PAUS), PIMCO Global Bond Active ETF (ASX: PGBF)
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