Inflation at 5%, 10-year treasury yields at 1.5%, how is that sustainable?  In the post-COVID investment environment of explosive growth coinciding with inflation concerns, it seems implausible that interest rates could remain this low.

However, for my entire career, investors have decried, “Interest rates are just about to rise, so watch out!”.  But they haven’t.  Interest rates have been declining for 40 years.

In this podcast, we interview Tony Crescenzi, Portfolio Manager and Investment Committee Member of PIMCO investments.  What better person could we have found to ponder this perplexing conundrum?

Buckle up or grab the dog and go for a walk; this is not to be missed.