Abby Joseph Cohen: More Damage Ahead for Credit Markets

The video discusses the challenges faced by the bond market, highlighting historical losses and the role of central banks in maintaining low interest rates. It predicts further damage in credit markets due to illiquid securities but also identifies potential investment opportunities for bond investors, offering yields of 3-4% as some of the best in 20 years.

What does the speaker imply about the overvaluation of bonds?

What opportunities does the speaker mention for average investors in the current bond market?