PGIM's Rosner: 3 Month T-Bill a 'Game Not Worth Playing'

The video discusses the risks and strategies associated with investing in three-month T-bills, emphasizing the potential downside of a default. It suggests avoiding short-term plays and instead focusing on intermediate duration investments, such as agency and commercial mortgage-backed securities. The video also explores risk and yield strategies, highlighting the importance of avoiding short-term market noise and the potential pitfalls of debt ceiling prioritization.

What is the main reason the speaker advises against investing in three-month T-bills?

• They offer high returns.

• There is a high risk of default.

• They are too complex to understand.

• They are not available to individual investors.

In the intermediate duration space, what type of securities does the speaker suggest for conservative investors?

• Penny stocks

• Cryptocurrencies

• Agency mortgage-backed securities

• High-yield bonds

What is a potential benefit of investing in the five to seven-year range?

• Higher risk with no returns

• Immediate liquidity

• Opportunities for both conservative and risk-seeking investors

• Guaranteed returns

What is the speaker's view on the quick solution of prioritization regarding the debt ceiling?

• It increases the value of T-bills.

• It eliminates the risk of default.

• It is a temporary fix that delays the issue.

• It solves the problem permanently.

Why does the speaker believe short-term strategies are not worth pursuing?

• They require too much capital.

• They offer guaranteed profits.

• They are too easy to manage.

• They may lead to repeated financial challenges.