Harley Bassman: What One-And-Done From the Fed Means for Rate Markets

Markets are back to all-time highs and volatility is normalizing, with the rate outlook for the remainder of the year coming into clearer focus. Is it too much of a good thing? Who better to ask than bond market guru, the creator of the MOVE index of implied interest rate volatility and managing partner at Simplify Asset Management, Harley Bassman. This week's conversation explores the Fed's easing cycle, the shift in policymakers' focus from inflation to the labor market and the overlooked importance of demographics. Harley also talks through the creation of the MOVE index, the implications that his view on rate volatility has for mortgage backed securities and why investors should avoid credit and duration risks. Check out Harley on Twitter, @ConvexityMaven, and at convexitymaven.com.See omnystudio.com/listener for privacy information.