Bill Gross Says Bond Investors Shouldn't Expect to Earn Money This Year

The transcript discusses the current state of credit stress in high yield and investment grade markets, noting tight spreads despite rising treasury yields. It highlights the challenges high yield companies face with narrowing spreads and higher yields, predicting further widening. The conversation shifts to retail investors' sensitivity to bond price declines and the potential for panic. The discussion concludes with a focus on unconstrained investment strategies, emphasizing the flexibility to adapt to market conditions by adjusting duration.

What is the significance of the Barclays Aggregate Index in bond investing?

What strategies are suggested for bond investors in a bear market?