The COVID-19 health crisis that materialized in the first half of 2020, rattled economies and bond markets around the world. Liquidity, price discovery, and transaction costs were severely challenged across multiple asset classes in the bond markets, from high yield and investment grade corporates to emerging markets and even — for a brief period — U.S. Treasuries. How are fixed income markets responding to externalities like policy and the news? And where is traditional ‘value’ to be found amid more dispersion in fundamentals and universally compressed yields?
Moderator:
Jean LaTorre, Executive Vice President and Chief Investment Officer, The Guardian Life Insurance Company of America
Speakers:
Peter Gailliot, Managing Director, Global CIO of the Financial Institutions Group and Head of Fixed Income FIG Portfolio Management, BlackRock
Stephen Laipply, Managing Director, U.S. Head of iShares Fixed Income, BlackRock
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