Desai: Fed's Policy Rate May Go Higher Than Markets Think

The video discusses the current market sentiment and the Federal Reserve's stance on interest rates. It highlights the market's expectation of a pivot from the Fed, which is unlikely to happen soon. The discussion covers the impact of quantitative tightening (QT) and the new market paradigm post-global financial crisis. Opportunities in the bond market are explored, emphasizing investment-grade bonds and the importance of active management.

In what ways has the bond market changed since the global financial crisis according to the speaker?

What strategies does the speaker suggest for navigating the current bond market?