U.S. 30-Year Yields Near Top of Range, PGIM's Tipp Says

The transcript discusses the current state of the bond market, focusing on the vulnerability of long-term yields and the potential impact of fiscal stimulus. It suggests that the market is in a range trade, with interest rates likely to remain low due to strong economic growth and Fed policies. Long-term projections indicate that interest rates will stay within a narrow range, with the Fed potentially trapped at low rates. The discussion also highlights the current market optimism and the influence of global yields and conservative investments on credit products.

What is the speaker's outlook on the bond market in the context of global yields?

How does the speaker describe the current state of the market and its future volatility?